Cibus reports Q3 EPS ($7.63) vs. ($1.59 ) last year

The increase of $6.04 in net loss per share of Class A common stock is primarily driven by the non-cash goodwill impairment which accounted for approximately $7.53 in net loss per share of Class A common stock. This is partially offset by the decreases in net loss described above and a year-over-year increase in weighted average shares outstanding.Reports cash and cash equivalents as of September 30, was $28.8 M. Taking into account the impact of implemented cost saving initiatives and without giving effect to potential financing transactions that Cibus (CBUS) is pursuing, Cibus expects that existing cash and cash equivalents will fund planned operating expenses and capital expenditure requirements into late in the first quarter of 2025. Cibus’ Board continues to evaluate a full range of strategic alternatives to maximize shareholder value.