Loading...
•
Dec 31, 2024
Ginkgo Bioworks Q4 2024 Earnings Report
Ginkgo Bioworks reported its fourth quarter and full year 2024 financial results, highlighting significant improvement in cash flow, completion of site consolidation, and an expanded cost savings target.
Key Takeaways
Ginkgo Bioworks reported a total revenue of $44 million for Q4 2024, an increase from $35 million in the comparable prior year period. The company significantly reduced its GAAP net loss to $(108) million from $(212) million and improved Adjusted EBITDA to $(57) million from $(101) million in the comparable prior year period, driven by increased revenue and decreased operating expenses. Cash flow also improved significantly.
Fourth quarter 2024 total revenue increased to $44 million, up from $35 million in the comparable prior year period.
Cell Engineering revenue grew by 29% to $35 million in Q4 2024, driven by growth with large biopharma customers.
GAAP net loss significantly improved to $(108) million in Q4 2024 from $(212) million in the comparable prior year period.
Adjusted EBITDA improved to $(57) million in Q4 2024 from $(101) million in the comparable prior year period, reflecting increased revenue and decreased operating expenses.
Revenue by Segment
Forward Guidance
Ginkgo expects total revenue for full year 2025 to be between $160 million and $180 million. Cell Engineering revenue is projected to be $110-$130 million, with potential upside from new Tools offerings. Biosecurity revenue is expected to be at least $50 million, based on current contracted backlog and anticipated program renewals.
Positive Outlook
- Expected total revenue of $160-$180 million in 2025.
- Cell Engineering revenue projected at $110-$130 million in 2025, with potential upside from new Tools offerings.
- Biosecurity revenue expected to be at least $50 million in 2025, based on current contracted backlog.
- Anticipated program renewal for Biosecurity revenue.
- Potential upside from additional opportunities in the Biosecurity pipeline.
Challenges Ahead
- Continued availability of government funding is a key assumption for Biosecurity revenue.
- The guidance implies a potential decrease in total revenue compared to FY 2024.
- The shift from early-stage to large/enterprise customers in Cell Engineering may impact growth rates.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...