Ginkgo Bioworks Holdings Inc Stock Price, News & Analysis

Ginkgo Bioworks reported Q1 2022 revenue of $168 million, up 282% YoY, primarily driven by its biosecurity business, which generated $147 million. The company added 11 new Cell Programs, reflecting 175% growth. Full-year revenue guidance has increased from $325-$340 million to $375-$390 million. Ginkgo maintains a $1.5 billion cash balance, supporting future growth initiatives. However, it experienced a significant loss of $(675 million) in operations due to stock-based compensation. The company anticipates adding 60 new Cell Programs in 2022.

Evo Foods and Ginkgo Bioworks have announced a partnership aimed at developing animal-free egg proteins to enhance Evo's product line. This initiative comes in response to increasing consumer demand for sustainable food alternatives. Evo, founded in 2020, aims to end animal agriculture by creating superior substitutes for animal products, starting with eggs. Utilizing Ginkgo's advanced Cell Development Kits, Evo seeks to innovate and improve the culinary properties of egg substitutes. Both companies emphasize their commitment to sustainability and meeting market needs.

Ginkgo Bioworks (NYSE: DNA) will host a presentation and Q&A session on May 16, 2022, at 4:30 p.m. ET, to review its first-quarter performance ending March 31, 2022. The session will be accessible via Ginkgo's investor relations website, where a replay will also be available. This meeting aims to provide investors with insights into Ginkgo's business metrics and future projections, reinforcing its position in the biotechnology sector with applications in various markets including food, agriculture, and pharmaceuticals.

Ginkgo Bioworks (NYSE: DNA) plans to enhance its agricultural biologicals platform by acquiring Bayer's 175,000-square-foot West Sacramento R&D site and integrating the Joyn Bio joint-venture. This transaction aims to support agricultural biologicals R&D from discovery to field trials, with Bayer continuing as an anchor customer through a multi-year collaboration focused on nitrogen fixation and crop protection. The deal is expected to close by the end of 2022, pending regulatory approvals.

Light Bio has partnered with Ginkgo Bioworks (NYSE: DNA) to enhance the performance of bioluminescent plants. Ginkgo will apply its plant cell assays to improve the luminescent efficiency of Light Bio's glowing plants, which utilize enzymes derived from bioluminescent mushrooms. CEO Keith Wood of Light Bio expressed enthusiasm about the collaboration aiming for significant improvements in luminous output. The partnership leverages Ginkgo's advanced biotechnology capabilities to create innovative biodesigns, opening new market opportunities in ornamental plant applications.

FREDsense Technologies partners with Ginkgo Bioworks (NYSE: DNA) to develop biosensors for water quality monitoring. This collaboration aims to create four unique microbial strain biosensors compatible with FREDsense's portable hardware, allowing for real-time detection of harmful molecules in water sources. The partnership addresses the increasing demand for efficient water testing solutions and aims to enhance environmental and public health. CEOs from both companies express excitement about leveraging synthetic biology for critical water safety applications.

On April 12, 2022, Persephone Biosciences and Ginkgo Bioworks (NYSE: DNA) announced a collaboration aimed at developing novel therapeutics utilizing the Bacteroides bacterial genus. The partnership will focus on engineering Bacteroides species as a critical element in microbiome medicines, leveraging Ginkgo's synthetic biology platform. This collaboration is expected to enhance Persephone's capabilities in the microbiome space and could expedite the development of microbial therapies that improve patient outcomes.

Elanco Animal Health and Ginkgo Bioworks have launched BiomEdit, a new company focused on microbiome innovations for animal health. BiomEdit aims to develop probiotics and other solutions addressing urgent needs in livestock health, including antibiotic resistance. With an initial funding of $40 million, BiomEdit will operate independently, utilizing Elanco’s microbiome R&D expertise and intellectual property. This strategic separation allows Elanco to concentrate more effectively on its late-stage pet health pipeline while facilitating the growth of BiomEdit in the animal health sector.

Twist Bioscience Corporation (NASDAQ: TWST) and Ginkgo Bioworks (NYSE: DNA) announced a new four-year supply agreement, enhancing their collaboration in synthetic biology. This agreement marks an increase in Ginkgo's commitments to purchase synthetic DNA from Twist to support its growth across various industries, including vaccine manufacturing and agriculture. The partnership builds on a previous agreement from 2017, highlighting a significant order of approximately one billion base pairs of synthetic DNA.