Earnings call transcript Q3 2022

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Operator

Welcome to the Third Quarter 2022 Financial Results and Business Update Conference Call for Yield10 Bioscience.

During the call, participants will be in a listen-only mode. The presenters will address questions from the analysts today. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the conference call over to your host, Yield10 Vice President of Planning and Corporate Communications, Lynne Brum.

Lynne Brum

good and Regina, you, afternoon, everyone. Thank the to YieldXX Bioscience call. conference XXXX quarter third Welcome

the are YieldXX at Events today's press available presentation as Chief call Dr. on afternoon, issued on XXXX Accounting me Joining yieldXXbio.com. today Earlier section Haaser. as Vice Kristi well the and This this of third Officer, Dr. Chuck Oliver President President Research Officer, results. quarter and Relations Science Snell; Chief of are website Peoples; CEO, our slides our Investor financial release that and accompany

and that turn that conference anticipated. forward-looking will our are also Let's subject number include reliance uncertainties no those statements. to reflect These of company part or constitute Slide obligation from that statements risks forward-looking actual undertakes you uncertainties that are to making cautioned and note X. statements management undue not as should to after today materially the performance, them. not differ strictly cause place historical date guarantees could detailed the SEC. Please filings in These any circumstances order statements Such The a to future arise in this on with of discussion events YieldXX's Investors forward-looking statements. are statements are of forward-looking results be may risks therefore, update of and risks to call. not

Oli. I'll to now turn call the over

Oliver Peoples

joining everyone. your for afternoon Good Thanks Lynne. Thanks, call.

focus oil trials of and winter present field milestones. on tolerant feedstock Today, provide our the varieties, update plan, platform with on biofuel quarter drivers accomplishments. crop in XXXX drone recent feedstock the focus is are seed our a provide we as Camelina also summarize an market, As contracting launch a and Camelina key progress, will we with our solid market. on key update review development third commercial financials progressing, on an We'll the herbicide production, making a near-term operationalizing biofuel

to questions. call the open then will We

Let's crop innovation platform. YieldXX's turn to Slide X,

Our and oilseed centered Factory the seed seed, around carbon increase capture increased innovation direct to decarbonizing Trait the the platform, produce is carbon products. Camelina to to

to new platform carbon as We crop are products petroleum Camelina to low and replacements food currently working produce a establish

for the for will enable production Camelina the Enabling and it secure package trait of key cover the developed YieldXX land. Slide not rotations. grain Lack acreage of Camelina. They broadleaf as source pressure YieldXX's of to herbicides most production. that the are needs over grass long-term with An of vision new products weed of tolerance decarbonizing need for broadleaf requires increase but to large not cropping production, can scale in will residues from working soil goal. and control chain. Camelina impact players growers large oil Camelina herbicide X farmers. a To top tolerance Camelina the previous for to to only all, the next integrated This companies important Turn a our the to crops field. maintain package build chemical strong relationships this they us weed to has in and into crop value seamless current address to control weed integration crop to herbicide vision robust After this include is seed trait own

farmers. important to is this very So

for and Camelina trifluralin Camelina some already trifluralin products in is production. to naturally herbicide use labeled containing tolerant are a grass

in herbicide tolerance call, will weed traits control and see later Camelina. team developing As made her you in progress and Kristi great have broadleaf this

rotations. and in times going with into are important herbicide to be In nearly integration to addition with varieties tolerance, the corn and rotations soybean very new also to and varieties short increased co-tolerance for planting expand developing west north further cycle maturing Midwest

add to are more acres. traits our and even to traits these secure proprietary plan seed and yield in time, we upside provide for commercialized growers and As developed additional seed and oil increased over

X, Slide business Turn to YieldXX's model.

customers is seed space with progressing offtake business. a current model renewables to supply grain to business and Camelina establish commercialization the production towards proprietary Camelina develop development, traits are Our our in under our elite and of agreements. we seed With varieties, food true and value-added products elite and seed farmers product positioned contract varieties grow and Camelina large

lead oil from to meet demand is sector. carbon increased low biofuel Our feedstock product the

commercial omega-X these on will of Camelina the secure waste plastic this products steadily partner we to Camelina Combined, significant for the nutrition demand in stage oils revenue packaging. represent launch followed produce omega-X and and outreach of bioplastic to We a believe opportunity. biodegradable PHA for the are Here, early supply offtake growing stage agreements. be working by to zero

Let's turn solid business. the progress plan to our advancing products to Camelina Slide We're our business. executing launch X seed making

engaging with team our that is potential supply to business capital-light model. regulated Our partners commercial will support form chain and alliances

Camelina and secured the winter grain we XX to The and production planted of Idaho. from range growers contract size acres. areas and for quarter, for Canada planting third XXX have been Southern in this During multiple of of plants seed

spring quality in for the grain We season production are to America in contracts. contra-season variety the seed as also supply South in well winter seed with in ramping Canada as production winter varieties up U.S. future our commercial and

progressing herbicide an Camelina, of around pipeline test, research As traits. our outstanding an resistance team field XXXX, varieties effort In done tolerance intensive job traits. and downy we and seed to mildew we build new our our has business had

the the will have our of up. elite Camelina's tolerance we end and spring our and testing the being to in our development. Camelina allow firm's us collected us lines of commercial and have proof Our for field further criteria all analyze to points sites spring lines performance quarter, data team selected seed-scale generate lead is herbicide and testing allow harvested, – third met By contra-season and for by will lines were traits Camelina this identify

with winter U.S., and is Canada, in Uruguay important Chile. Argentina, Our XXXX-XXXX sites grown program This in the us underway on winter varieties geographies. of to with field across planting data provide spring a program variety is and completed expected

Let's overview of Slide to early turn for X our an germplasm.

soon. a post commercial do winter Spring using varieties and Camelina lines not package. developed have early for line EXXXX designation be once as with trait this focus These edited our and in WDHX approved. CFR and herbicide expected a a and establishing procedure. include in by once by Argentina, not currently with which early to Chile. that tolerance the regulatory growers EXXXX regulated previously does I'll the cooperation article. the designated go EXXXX our definition it's into breeding effect, apply U.S. activities was genome Canada here tolerant anticipated recently that will to the they're of happen EXXXX produced the for In which plan lines, These non-regulated lines determined herbicide meet We that three updated authorities are commercial and were on WDHX We note is regulations replaced

for X winter grower Slide winter and seed to we production. to turn XXXX-XXXX. successfully pleased for Please completed our contract contracting the our I am that activities grain have say

Our in clustered in the southern of Northern are additional provinces [indiscernible]. growers areas growers and Manitoba Alberta Alberta and with

then The increase acres team. farm XX conducted tight last tunnel represents seed cleaned, last located have and a to delivered farms a Admittedly, If bagged, was to of to acres, significant acres acres we one on it of year. mid-September plots in seed we the which our from year you north run from tested was XXX Saskatoon. contracted production for October. from very XX The range call

capability. build that I to operating to we the gain want in you and is all key goal stage experience still development remind are where our

late We XXXX. closely begin summer and are working with program to growers in participating in our the winter expect harvest

of in beyond harvest Some is XXXX intended us and probably for the provide that. is of to seed contract for toe-crushing it or and production inventory growers earmarked seed with seed some

to production U.S. and seed the we working production and and seed now. relationships contra-season accessing addition In Chile also production Canada, seed established are in-season in in

to will pass I the over call now Kristi.

Kristi Snell

and everyone. good afternoon Oli, Thanks,

start report turn a on Let's planting Slide season. X. to the XXXX, for winter Please with XXXX field

in over program field in Canada includes U.S. South well with America. additional and XX testing sites located the winter Our sites

to In plants small spring in be above and are weed and early will the summer will The growth, pins yellow are locations temperatures still in ready As on of the herbicide conditions. flower the the control. for climate mid weather continue but the show, snowfall. the local to the rise turns harvest to top cold and for consistently plants over on slide until in grow freezing expected Arizona is our Camelina resume depending the tolerance photos Georgia winter planting studies melts, map contra-season on latitude snow the there consistently field and spring when the Camelina are

in are for spring herbicide further in scaling We lines more planting seed and extensive trialing our and up testing are these lead of spring conducting XXXX. Camelina studies

across trusted work crop indicated are tolerant. winter standardized We winter the of taking map by to work the a of winter believe economically the a to protocols Camelina. conducting can place yields is is The develop and on agronomy broad planting also growers blue extremely objective germination, where to best Camelina. is Camelina achieve This geography we Winter trials be pins stand establishment viable. cold wheat by be this

winter in this with Camelina crop. side planted to benchmark certain compare side with wheat winter by tolerance its We cold have locations

fields We for have XXXX. be in which demonstration also events several grower hosting will suitable planted

on spring control testing the for progress have want the testing developing grassy work robust over greenhouse producing slide robust we hand herbicide weed events Slide XXXX control to our control top In indicate engineered completed. marks yellow weed the weed tolerance There the in field. broadleaf on and towards where grassy on field Growers that and drone in significant for shows both slide control has Camelina. tolerance. spray of a right been verified spring boxes our this spring The herbicide this photo timeline our XXXX, turn Let's weed XX. is broadleaf The and check green Camelina research achieved made and with progress herbicide Camelina. we showing corner Camelina we broadleaf trial top and in

thrived herbicide Engineered from to levels for the selected throughout oil lines trial line advance. and lines growth several quality and commercial oil while the sides. have seed of control lines the We've yield good and season survived commercial data spray obtained

also ramped results we've on have obtained test year. We based the tolerant our top for up over positive efforts lines herbicide the this regulatory

with label trials our scale the field product plan work Camelina. box lines and Our next herbicide few on to seed product best we for indicated focus spring field In development development XXXX, over months by scale for conduct and will the for amendments up. contra-season purple be larger work

persist field to Let's spring used growth turn such months the and collection Camelina our for targeting Camelina some Slide previously X herbicides for has as our soil demonstrated we that commonly can test. Group are are growth in areas for We following IMIs application. and Camelina. SUs germplasm in XX. Group of X in negatively affect IMIs tolerance a herbicides line in that

X to developing the are We will for now broader SUs acreage both Group Camelina. residue tolerance accessible expand IMIs herbicide that and soil

X germplasm. We stacked in with for top successfully soil over the trait our the for in previous best Group herbicide the herbicide slide residue trait have spray described tolerance the tolerance

obtained results also early SUs top in are lines. herbicide and have greenhouse in We positive the over tolerance showing these many

Over year indicated months, lines with best research greenhouse purple and perform traits we XXXX. in to extensive herbicide stacked the on lines the on tolerance plants the more move trials will these process field in schedule the next herbicide initiate for We spring new the into box by plan few regulatory to the are slide. tests on

our They to acknowledge quality well tolerant have in generating Camelina for the has positioned like us up, YieldXX Camelina them the XXXX. work This As team. and further put in in testing best in I'd field effort herbicide field a and R&D greenhouse trials. I events commercial of tremendous in lines testing wrap

call now back hand I'll the over Oli.

Oliver Peoples

program. and for transitioning accomplishment congratulations quickly program to winter planting their the spring Kristi, team the executing the significant into Thanks, and

in oil biofuel for acres, use and which several land and new soybean follow. require turn production. crops Throughout cropping YieldXX less this demand decarbonizing interesting food Let's Camelina Camelina biofuels. to and been have still We will rotations otherwise play for canola for production this Production an to productive feedstock cannot like use meet soy role are there this can and vegetable focus. double area. and oil growing XXXX Therefore, crop live canola Slide believe support and tailwinds that of important XX, new to oil alone seed

feedstock plays originator business for YieldXX turn value The of seed we to our the a model of Slide biofuel Green Camelina chain. building based XX, model traits. is the role Let's one producing business our are genetic elite market biofuel on the for oil novel Camelina where

contract with Camelina land of under the trait Camelina right to for the harvested. the the seed deploy grain will farmer's We on purchase

seeds agreements agreement to and players. as plan provide biofuel also offtake as oil We engage well to logistics feedstock to supply crushing an for

Slide continue Camelina signed important expect to Camelina next We Let's expanding in crop learn planting several to in an introduction chain. value herbicide step value retailers tolerant XXXX annual and seed XXXX the turn for the contracts build months first with XX do with significantly chain. relationships to and rotations experiences with production. of acres from are varieties, their The grower growers in for of cover cropping. and establishing to more to Camelina establishing We acres the effective begin grain planted using over enable

programs. Bioplastic to Let's of XX overview now Slide and PHA Omega-X for turn brief a

focused efforts our produce to PHA future Although we PHA seed currently bioplastic, can focused In product products: feedstock Camelina oil biofuel optimizing two the seeds, on are trait in PHA biofuel our to PHA progress processed bioplastic make which three on traits. be protein production to enable the the meal. and feedstocks, area, on Bioplastic continue

Our have for our been and up tested winter trait Camelina purposes. Meanwhile, PHA time the business R&D first team prototype has Camelina development related the activities grown lines for Winter trait is Prototype scale program. grain to line to our PHA in optimization. this acre process Camelina continuing CXXXX produce with year

Omega-X fish to turn and markets. Now the oil

performance feed an ocean demand we're opportunity nutraceutical reduced We Further we from our will Omega-X deploying a to elite in have oils prioritized EPA for market by to aquacultural robust growing Camelina that as the our advance traits high to in a announced of market, with Rothamsted. oil oil. development driven with Omega-X producing technology fish markets. the proven and supply it the excellent and has Omega-X combine of and production Omega-X Camelina of we agronomic program, Although the extended the look collaboration be the data we package of a harvesting specialty oil fish drive component forward in have there's quality large in platform and

to Now turn let's Slide the opportunities. licensing XX,

and the And have testing license having scheduled license Forage December. interest that We The We in with year research traits sorghum Bayer the Bayer and GDM, development license, quarter Bayer a review who and to as their research their non-exclusive to their breeding an have rights agreements the traits with most Forage Genetics of program in meeting Simplot, negotiate to extension soybean. with with results in terminated have entirely. expire license granted for a research recent is to research Genetics soybean. third for commercial they potato. study We place they in determine in the field anticipate to traits in developing additional sorghum Under with expired are license. indicated license

novel green test soybean traits. We performance rates are The also platform we're following identifying opportunity industry on driven corn. content a in up in by for and oil CXXXX partners represents including and seeking to interest interest traits canola unique in for

to I third discuss financials. will quarter now to turn Chuck the call over

Chuck Haaser

Thanks, cash ended with in third $X.X investments. equivalents quarter and good Oli, cash, million afternoon the We everyone. and

our expect the operations on current expected cash from revenue first that of support government our XXXX. grant with together We our quarter will into hand

have continue sheet. on no We debt balance to our

operations, $XX launch including net our our total the development continue of to net estimate operating the $XX.X fund million our and of quarter commercial year cash to and $X.X future was usage for $X.X preparations third compared to Camelina of the activities XXXX to million third for Our as for cash full usage of research products. and for we million quarter XXXX the XXXX our million expanded

now results. quarter operating the third Let's review XXXX

to third as of a taxes after the of of quarter taxes after XXXX, loss million XXXX. net for net loss of compared company million $X.X $X.X quarter the For the a reported third

The quarter million year G&A third $X.X of third third revenues unchanged quarter grant quarter this And research as year. in in were total quarter XXXX, of was were third comparison of to of last from the Our quarter third $XX,XXX and at in consistent the that R&D of in $XXX,XXX million $X.X the the compared quarter $X.X million in XXXX. were XXXX. the third in to expenses expenses the

$XXX,XXX, totaled For the $X.X nine ending million and grant was XXXX, totaled expenses million. revenue R&D expenses September XX, $X.X months G&A

taxes after loss was million. net Our $XX.X

For back release the our Oli, more to refer our please earnings and details on to results, XX-Q. financial you.

Oliver Peoples

Thanks, Chuck.

milestones. to Slide upcoming Let's XX and turn

see, very technology well be excited As this in you strong development We're tailwinds production. made can our team also terrific with has progress aligned lines and of year, the scale commercial on up executing Camelina biofuels. to for new

of As we our and markets, to milestones continue engaging the benefits for key diesel targeting growers differentiated and from growing activities, aviation XXXX on collecting seed elite build our future executing Camelina end focus expanding program, introduce progress until data we inventory of with renewable continue Camelina and production building the contracts. to will our including executing the commercial testing to and analyzing collection, and field germplasm our biofuel XXXX,

continue We're of the commercial we value across to development the reach and in our very continue with the launch property to As by Camelina collaborations our progress portfolio. chain of oils. and busy prospective expand goal entire plan and PHA Omega-X bioplastic advance the optimization partners with strategic executing we business intellectual build industry to

like that, questions. Lynne back turn the to With call over for I'd to

Lynne Brum

ready questions. Oli. now Regina, we're for Thanks,

Operator

Group. will Please line from Instructions] go first Anthony with of come question [Operator Our ahead. the Vendetti Maxim

Anthony Vendetti

players the the discussions in in proceeding just value Yes, about and the the are thanks. the in I in they're and of where chain? the you on plan. chain. progress in discussions Camelina us tell all at wanted with It focus having to developments the you're general supply to of you're like according some players making seems with terms Can just

Oliver Peoples

terrific Camelina. the side done It's you're these the with also I piece big I third the progress of so executing – obviously all, commercial team of recognizing with appreciate a has the first parties. just Yes, discussions on

We here. are I careful have I – what to say be

will chain parties isn't stage. lot We forward look good an these But of I with communicating can very – know announced one in executed that as would say and obviously say one you awful signed really to with the and about making transom but know but when be definitely these things of they across value multiple until difficult this we very, sort there are moving things to progress. of Always is it, over that at forward multiple I discussions signed, we're future. the as finally

Anthony Vendetti

And up to grant more a of seed is you're revenue is investment or opportunities? new think about great. terms follow how maybe near-term do looking besides then at then revenue or as little licensing Okay, talk And you opportunities varieties much options bit that. just partnership it's that any other required whether develop a just in

Oliver Peoples

million Yes, so in our We've that the guidance between program guidance, required and we've $XX terms this have of and and at point. this in been $XX.X of changed money terms million laid executing. that accompanies out hasn't really that given

Now, be in there, And that more we are well things those and obviously along would all potential say grant partnerships through because opportunities to but climate new grant to of how interesting some bill. shakes with being particularly scale in and are change discussed see additional there in internally out. this and are assuming have I course revenue wait could seems expect definitely interested obviously you for that that. revenue, we kick those to things other change that would partners number see terms of

obviously was extended. or mind conversation there, think expect communicating Keep have to in Bayer consequence we happens of to future. agreement the We Bayer trait to the license of agreement after not already well. that a the agreement readout we commercial CXXXX mention I looking extension interesting CXXXX, distant which that forward as and look In negotiate work. CXXXX with then obviously that a the where in did and there's did if add And obviously too they in with the data was something we're – coming Bayer right discovered of the terms we from do forward to the then the a but we'll be and CXXXX its end an traits, then of on Bayer after licensing,

Anthony Vendetti

Okay.

just out the So first them. doesn't like that to of opportunity Is work right say with have refusal. they sort on the of someone first to right if with that that you something to else have They negotiate clarify it correct the or… get

Oliver Peoples

those of non-exclusive we are with the struck all right so have those companies Actually, with anybody. negotiate agreements those agreements, we all and to of

interested I of think obligation entered in an in what parties course, someone, we who's is agreements into to do if product license is definitive have discussions. there fact to, inform that other

Anthony Vendetti

And Okay. lastly…

Oliver Peoples

really have. an we obligation that's But

Anthony Vendetti

before you specifically? Can opportunity where question I turn about Okay. to biofuel a And last the talk at back that's then little then bit queue. the

Oliver Peoples

us by XXXX. is in at no you're gallons Yes, that's content canola boosted chain for when but see billion oil by so, and X XX value the yields with add-in chain for I crops. to really XXXX, billion gallons start pretty then and I and seed you X with at you start and that starts the look mean, have and renewable R&D to say, clear diesel oil aviation gallons that it's just being question is, increased biofuel, going you for you soy for new value would – number billion canola, ultimately to believe going seed looking opportunities there's soy when I and to that increased see it to

no clear is not pretty just corners it's can It mean, no just come it's soybean. all way way. this to from – there's going it I – and that canola

you give an to Just example.

and grower acres definitely oil X increases open crops timing. potentially really have to I those million it drive offering adding XX you'll going by rely land can million or I additional to higher that is rotation higher think is potentially this really as another obviously. the of acres so means acres really well, you different new on yield see see to the and instrumental up think But of exist, benefits different is towards soybean, like and crops for that gallons doesn't which course billion is million on sure, XX will currently XX

other to thing fallow. benefits the otherwise And ability of those the if oil of seed even like biofuels. into And basically keeping but around or soil these can revenue. soil, on fitted for leaving have potentially pennycress when Camelina perhaps ultimately availability terms crops these that's additional based It is crop where the seeds crops the same land nutrient [indiscernible], those demand is crops global improving cover growing it moisture production, the which and we cover big time oil another like cover increases in grower sustainability, also be population area at seamlessly use it's producing offers growth. have you protein whether runoff, And in increasing oil the rotations, a really would is, of course, see carbon, course, cash

Anthony Vendetti

Okay, great. I update. hop that the appreciate back it. in I'll queue. Thanks for

Oliver Peoples

Excuse Thank you, me. Anthony.

Operator

come Street question Ben Capital the Markets. Our Instructions] next from with of ahead. Lake will Please line [Operator go Klieve

Ben Klieve

to for understand biofuel business would model you and establish as – All of broad comment about question your for how model Camelina versus right, trying taking in you thanks be the company us capital-light see of characterize kind within the for help parts energy today? my prepared business product? it and questions. your can processing And peers that this ultimately responsible for capital-light you that your define help opportunity. you first model is Oli, remarks Can kind of about you

Oliver Peoples

Sure.

grain and there's at full contracts, end of to elevators crushing the And to manuals some obviously got of ultimately some building the of processing let's grower big be those want real the – the of contracted the and whereby and going there and lot would traits to have directly the what grower are facilities What to moved logistics a that bins, specific out be you. But interest facility. mitigate definitely in they the obviously happened be of is relationships. up farmers we So, the just I to mean, the either – companies processing then investing ended growers have what genetics, essentially own acres we some very they owned to packages, piece in And and and/or grower the posts obviously to of about for grain. course, those is inventory production there's shipped this, avoid, are that obviously grain. contracts, by is YieldXX of went typically to a Calyxt

I grain sold ultimately to somewhere $XX worth think they ADM with high soybean. around their believe I million of oleic

a simply lot are us. not of sense we do that. make obviously, to to intending doesn't So That

the missing biofuel is now can what's looks to credits and other in actually already protein it's readily produce to Right oilseed boost sources be new feedstocks, Camelina of existing the its markets obviously grain that oil new in run and oil words, that and the can obviously into market an in has infrastructure processed biofuel, score. a like it CI fit going attractive have very to

the is the building demand issue That's well the users, inventory. the end that's capital have basically the really whole of we both not fuel crushers, really of facilities. that seed sort growers, we demand should should the idea given is the be underwrite so the so We when offtake able their constraint, and oilseed And And here. from working manage be we not farmers' bin the grain be as them is, in. for to the but comes really paid therefore out the supply view from our that goes the a of business as given to is need new sources to companies grain and get to

Ben Klieve

Slide and that's then that a very – a on a clarifying out map the on Okay. follow X on Thank you. question laid good, All I you question quick right, up. have helpful.

So – that in the of that for also that that to curious is is or kind does that presentation? into planes particularly from dramatic the EXXXX I'm last expansion include my pretty referred map you the and there WDHX lead WDHX, is question this entirely program expansion, varieties the the and later year testing a upper expansion clarifying is Midwest. it appears your of And

Oliver Peoples

Yes, so, to trial This want Kristi, this? take field do you is the program.

Kristi Snell

Yes.

So the that lines are mentioned. blue and lead WDHX, our WDHX pins our that winter you are

our of trials. accessions tolerant lines Those testing are We lines. in herbicide ones spring some yellow other are other also sites the The in field trials. are

into expanded Midwest. corn. area good or really a soybean we've with rotate This is So to the

And in starting the of performance – and lines our of of so, some our our we're we're testing lines those to performance test well. some as the of areas

Oliver Peoples

Yes, large so are the scale, large in Southern of these plots, Manitoba most small scale and Idaho. field is are – but scale Southern Alberta, these Southern not

Ben Klieve

Okay.

And Thank perfect. this… Okay, then you.

Oliver Peoples

this is And in more screening.

Ben Klieve

question in for are herbicide that further expand you next are you And other it. suitable and you the to to, expand but Got south to to tolerance not those herbicide it. geographies need herbicide sure tolerance more southern best going is this this traits in to do as are who the Got tolerance include address map? on I'm development chemistries? now, your Or look

Oliver Peoples

at – Yes, so ahead. I'll when that – you ahead, Go look Kristi. go say so

Kristi Snell

Okay. the we're year Yes, This for the scale south gives is this us really season. growing up. add ability contra-season in the reason to another

temperature of southern want taking south. advantage we're developing Oli, for if variety So area. the in that. isn't This the the a necessarily add you to to

Oliver Peoples

I Yes, to. would yes. like

along And tolerance obviously, in Camelina want of are corn mainly to and look, issue three really ultimately so Class over think top or I herbicides a soil there's those is the basically one PPO herbicides. lot you HPPD residues both that from Pacific and Xs are Those an Ben, the obviously actually the you Northwest. belt the different the the in used So, when the question, would in used of with the herbicides.

to that, rotation, HPPD integration of important in because to then soy, a problem the of but by where that residues plan can which So on by going a be address. been I've would we're that and those working for again, corn discuss of something we a will we're into out again some forwarded that's cognizant be areas. And Camelina on very and some be obviously forwarded particularly are

Ben Klieve

right, All Okay. fair enough.

taking very and temperament Minnesota. my it, advantage all taking So the updates get you're on of of questions winners of very the Congratulations I'll Thanks Central progress. Got the in run. Lot good back throughout this call. for coming good.

Oliver Peoples

Ben. Yes, thanks,

Operator

time. conference We I'll have further over for further Lynne any Instructions] the remarks. this to no [Operator hand questions at back

Lynne Brum

his the remarks. I'll now And Regina. – back Oli you, for the over Thank call call to closing turn

Oliver Peoples

Lynne. Thanks,

important for chain herbicide under In us for everyone done contributions team, I evening continued you for as call want particularly relationships, as joining personally start supply anchor executing. XXXX, Have from the small growers you. we've job on I'm has as way rates to milestones at to just to a nice our support. we the tonight everyone. keeping your thank of and like and this the may a including build especially be, rely Camelina on Thank on met terrific we I'd versus of So and all in contracts YieldXX that tolerance us reach our market. thank deploying track to of the engaging shareholders biofuel it proud goals

Operator

today's That will joining. you for conclude Thank call. all

disconnect. You may now

YIELD10 Bioscience (YTENQ) 14 Nov 222022 Q3 Earnings call transcript