Agritech firm Cibus misses Q4 revenue estimates

Overview

• U.S. agtech firm's Q4 revenue declined yr/yr and missed analyst expectations

• Net loss narrowed per share, aided by cost reduction initiatives

• Company raised $22.3 mln in January 2026 to support operations and commercialization efforts

Outlook

• Cibus targets commercial launch of Rice traits in LATAM in 2027 and USA in 2028

• Company expects additional scale-up orders for bio-fragrances in second half of 2026

• Cibus aims to reduce annual net cash usage to $30 mln or less during 2026

Result Drivers

• COST REDUCTION INITIATIVES - Co said lower R&D and SG&A expenses in Q4 were primarily due to cost reduction initiatives

• SUSTAINABLE INGREDIENTS PROGRAM - Co received its first customer payment from the Sustainable Ingredients program in Q4, marking a commercial milestone

• ASSET IMPAIRMENT - Co recorded a $9.1 mln non-cash impairment charge related to winding down its Roseville, Minnesota facility

Company press release: ID:nGNX9qtKKQ

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"

• Wall Street's median 12-month price target for Cibus Inc is $16.00, about 349.4% above its March 16 closing price of $3.56

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