Dyadic International, Inc. (NASDAQ:DYAI) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET
Company Participants
Ping Rawson - Chief Financial Officer
Mark Emalfarb - President and Chief Executive Officer
Joseph Hazelton - Chief Business Officer
Conference Call Participants
John Vandermosten - Zacks
Operator
Good evening, and welcome to Dyadic International's First Quarter 2023 Financial Results Conference Call. Currently, all participants are in a listen-only mode. Following management’s prepared remarks, there will be a brief question-and-answer session. As a reminder, this conference is being recorded today, May 10, 2023.
I would now like to turn the call over to Ms. Ping Rawson, Dyadic's Chief Financial Officer. Please go ahead.
Ping Rawson
Thank you. Good evening, and welcome, everyone, to Dyadic International's first quarter 2023 conference call. I hope you have had the opportunity to review Dyadic's press release announcing financial results for the quarter ended March 31, 2023, and the recent Company highlights. You may access our press release and Form 10-Q under the Investors section of the Company's website at dyadic.com.
On today's call, our President and CEO, Mark Emalfarb, will give a review of our first quarter business and corporate highlights, including a brief summary of our recent research and business development efforts. Our Chief Business Officer, Joe Hazelton, will join Mark for the business updates. I will follow with a review of our financial results in more detail. We will then hold a brief question-and-answer session.
At this time, I would like to inform you that certain commentary made in this conference call may be considered forward-looking statements, which involve risks and uncertainties and other factors that could cause Dyadic's actual results, performance, scientific or otherwise or achievements to be materially different from those expressed or implied by these forward-looking statements. Dyadic expressly disclaims any duty to provide updates to its forward-looking statements, whether as a result of new information, future events or otherwise. Participants are directed to the risk factors set forth in Dyadic's reports filed with the SEC.
It is now my pleasure to pass the call to our CEO, Mark Emalfarb. Mark?
Mark Emalfarb
Hello, everyone, and thank you for joining Dyadic’s first quarter 2023 conference call. We are off to a great start in 2023. Our C1 technology continues to garner praise and recognition for its speed and efficiencies in the U.S. and internationally from academia, industry, and government agencies. We are delivering multiple new research collaborations and strong growth revenue of 50.9% year-over-year for Q1.