Cibus Q2 FY26 net loss narrows 17% to $22.1 million; revenue rises 6.54% to $994,000

Reuters2026/08/13 20:14

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Cibus posted Q2 revenue of $994,000, up 6.54% year over year; net loss narrowed to $22.1 million from $26.6 million.
R&D expense fell 30.27% to $8.5 million; SG&A dropped 18.79% to $5.4 million, both due to cost reduction initiatives.
Cash and cash equivalents totaled $20.4 million at June 30; existing cash is expected to fund operations into early Q1 2027.
Rice herbicide-tolerance programs advanced in field trials; Interoc LOI expanded from two traits to five, with 2028 LATAM launch targets.
CEO Craig Wichner said priorities are shifting toward near-term revenue, citing a patent portfolio of more than 500 filings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cibus Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608131605PRIMZONEFULLFEED9809848) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cibus Q2 FY26 net loss narrows 17% to $22.1 million; revenue rises 6.54% to $994,000

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