Dyadic International Inc (OQ:DYAI)

Business Focus: Biotechnology & Medical Research

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
See Regulatory Filings on SEC
Company Contact
Address: 1044 NORTH U.S. HIGHWAY ONE, SUITE 201
JUPITER FL 33477
Tel: N/A
Website: https://dyadic.com
IR: See website
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Key People
Mark A. Emalfarb
President, Chief Executive Officer, Director
Ping Wang Rawson
Chief Financial Officer
Joseph Hazelton
Chief Operating Officer
Doug Pace
Executive Vice President - Business Development
Ronen Tchelet
Vice President of Research and Business Development
 
Business Overview
Dyadic International, Inc. is a biotechnology company focused on the large-scale manufacture of proteins for use in human and animal vaccines and therapeutics and for use in non-pharmaceutical applications including food, nutrition, and wellness. The Company's gene expression and protein production platforms are based on the highly productive and scalable fungus Thermothelomyces heterothallica (formerly Myceliophthora thermophila). Its lead technology, C1-cell protein production platform, is based on an industrially proven microorganism (named C1), which is used to speed development and improve performance of biologic vaccines and drugs at flexible commercial scales for the human and animal health markets. The Company has also developed the Dapibus filamentous fungal based microbial protein production platform to enable the rapid development and large-scale manufacture of low-cost proteins, metabolites, and other biologic products for use in non-pharmaceutical applications.
Financial Overview
For the fiscal year ended 31 December 2023, Dyadic International Inc revenues decreased 1% to $2.9M. Net loss decreased 30% to $6.8M. Revenues reflect Research and Development Revenue decrease of 87% to $353K. Lower net loss reflects Research and Development - Balancing val decrease of 24% to $3.3M (expense), Stock-based Compensation in SGA decrease of 28% to $1.2M (expense), Interest Income increase from $180K to $417K (income).
Employees: 7 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $35.13M as of Dec 31, 2023
Annual revenue (TTM): $2.90M as of Dec 31, 2023
EBITDA (TTM): -$8.19M as of Dec 31, 2023
Net annual income (TTM): -$6.80M as of Dec 31, 2023
Free cash flow (TTM): -$6.73M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 29,236,814 as of Apr 17, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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