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Synthetic Biology Company Zymergen Plunges 68% After Saying Product Revenue Will Be 'Immaterial' in 2022, Removing CEO – NBC 7 San Diego

By Ari Levy, CNBC • Updated 5 hours ago Mark Neuling | CNBC Zymergen went public at $31 a share in April and traded as high as $48.50, valuing the company at $4.8 billion. The stock sank to $11.07 after hours on Tuesday, leaving its market cap at just over $1 billion. The company has yet to start generating product sales and said it now expects revenue from its products to be "immaterial" through 2022. A little more than three months after pricing its IPO at the top of its expecte...
Jay Flatley Josh Hoffman ஜெய் பிளாட்லி ஜோஷ் ஹாஃப்மேன்

Synthetic Biology Company Zymergen Plunges 68% After Saying Product Revenue Will Be 'Immaterial' in 2022, Removing CEO – NBC10 Philadelphia

By Ari Levy, CNBC • Updated on August 3, 2021 at 8:15 pm Mark Neuling | CNBC Zymergen went public at $31 a share in April and traded as high as $48.50, valuing the company at $4.8 billion. The stock sank to $11.07 after hours on Tuesday, leaving its market cap at just over $1 billion. The company has yet to start generating product sales and said it now expects revenue from its products to be "immaterial" through 2022. A little more than three months after pricing its IPO at the t...
Jay Flatley Josh Hoffman ஜெய் பிளாட்லி ஜோஷ் ஹாஃப்மேன்

Zymergen Provides Business Update

Zymergen Provides Business Update Zymergen Inc. Jay Flatley, Chairman of the Board, Appointed Acting CEO; Josh Hoffman to Step Down Conference Call to be Held at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time Today EMERYVILLE, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Zymergen Inc. (“Zymergen” or the “Company”), today provided a business update regarding its commercial product pipeline and financial forecast. Zymergen recently became aware of issues with its commercial product pi...
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