=====TARGET PRICE $8.25======
BREAKOUT LEVEL / ENTRY $7.10
COMPANY PROFILE
Dyadic International, Inc. engages in developing a gene expression platform for producing commercial quantities of industrial enzymes and other proteins. It focuses on further improving and applying its proprietary C1 technology, which is used in the discovery, development, and manufacture of biologic medicines and vaccines. The company was founded by Mark A. Emalfarb in 1979 and is headquartered in Jupiter, FL.
Second quarter revenues increased 142% to $391,000 due to an increase in research collaborations. Total expenses in the period increased 70% to $3.4 million. Research and development1 was up 38% equaling $1.5 million. Greater activity with contract research organizations (CROs) and a greater number of research projects underway contributed to the increase. General and administrative expenses rose 103% to $1.9 million on higher stock compensation, annual bonuses and incentives, SEC registration and uplisting costs, business development and investor relation costs and legal expenses. Net loss was ($2.7) million for the period, compared to ($1.6) million in 2Q:18. On a per share basis, net loss was ($0.10) compared to ($0.06) in the prior year.
BREAKOUT LEVEL / ENTRY $7.10
COMPANY PROFILE
Dyadic International, Inc. engages in developing a gene expression platform for producing commercial quantities of industrial enzymes and other proteins. It focuses on further improving and applying its proprietary C1 technology, which is used in the discovery, development, and manufacture of biologic medicines and vaccines. The company was founded by Mark A. Emalfarb in 1979 and is headquartered in Jupiter, FL.
Second quarter revenues increased 142% to $391,000 due to an increase in research collaborations. Total expenses in the period increased 70% to $3.4 million. Research and development1 was up 38% equaling $1.5 million. Greater activity with contract research organizations (CROs) and a greater number of research projects underway contributed to the increase. General and administrative expenses rose 103% to $1.9 million on higher stock compensation, annual bonuses and incentives, SEC registration and uplisting costs, business development and investor relation costs and legal expenses. Net loss was ($2.7) million for the period, compared to ($1.6) million in 2Q:18. On a per share basis, net loss was ($0.10) compared to ($0.06) in the prior year.