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Ginkgo Bioworks Q4 2023 Earnings Report

Ginkgo Bioworks logo
$10.08 +1.34 (+15.33%)
(As of 12/20/2024 05:31 PM ET)

Ginkgo Bioworks EPS Results

Actual EPS
-$0.10
Consensus EPS
-$0.09
Beat/Miss
Missed by -$0.01
One Year Ago EPS
-$0.04

Ginkgo Bioworks Revenue Results

Actual Revenue
$34.76 million
Expected Revenue
$40.37 million
Beat/Miss
Missed by -$5.61 million
YoY Revenue Growth
-64.60%

Ginkgo Bioworks Announcement Details

Quarter
Q4 2023
Time
After Market Closes

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About Ginkgo Bioworks

Ginkgo Bioworks (NYSE:DNA) Holdings Inc. is a biotech company attempting to revolutionize the biotechnology industry by engineering completely new organisms. Founded in 2008 by Jason Kelly, Austin Che, Thomas Knight Jr. and Bartholomew Canton, the company operates a market-agnostic platform utilizing the latest technologies to pioneer the development of more sustainable biotechnology and bioengineering applications. 

Ginkgo Bioworks Holdings Inc. develops multiple platforms for food production, agriculture, industrial and pharmaceuticals. These platforms enable bioengineering applications across diverse markets, and the company customizes organisms for customers ranging from large companies to smaller startups. The company also creates proprietary software, algorithms and automation to engineer "customizable organisms" for their customers and the development of new products for the industrial and consumer markets. 

The company has earned multiple awards for its innovative technology in biologics, including the National Science Foundation's Innovation Corps Award, the National Academy of Engineering's Grand Challenges Award and the World Economic Forum's Technology Pioneers Award. 

Ginkgo Bioworks Holdings Inc. has partnered with prestigious organizations, including the Broad Institute of MIT, Harvard, Genomics England, the National Institutes of Health and the National Science Foundation's Innovation Corps to further their mission of making biotechnology more accessible to smaller and medium-sized organizations. 

Ginkgo Bioworks Holdings Inc. strives to revolutionize the biotech industry, attempting to pioneer the development of an ecosystem that will provide more sustainable and accessible biotechnology systems. With the help of innovative technology and strategic partnerships with prestigious organizations, Ginkgo Bioworks Holdings Inc. is well on its way to achieving this goal and making biotechnology more accessible to smaller and medium-sized organizations.

Ginkgo Bioworks Holdings Inc. has a market cap of approximately $2.97 billion, down from $3.98 in 2022. However, the company has seen rapid growth since 2020, increasing revenues from $3.8 million in 2017 to $313.8 million in 2022. 

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