Cibus, Inc. (NASDAQ:CBUS) Q2 2023 Earnings Conference Call August 10, 2023 8:00 AM ET

Company Participants

Wade King - Chief Financial Officer

Rory Riggs - Co-Founder, Chief Executive Officer and Chairman

Peter Beetham - Co-Founder, President and Chief Operating Officer

Conference Call Participants

Laurence Alexander - Jefferies

Steve Byrne - Bank of America

Bobby Burleson - Canaccord Genuity

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Cibus Second Quarter 2023 Financial Results and Corporate Update Conference Call and Webcast. [Operator Instructions] This conference is being recorded today, August 10, 2023. At this time, I would like to turn the conference over to Wade King, Cibus’ Chief Financial Officer. Please go ahead, sir.

Wade King

Thank you, and good morning. This is Wade King, the Chief Financial Officer of Cibus. I would like to thank you for taking time to join us for Cibus’ Second Quarter 2023 Financial Results and Corporate Update Conference Call and Webcast.

Presenting with me today is Rory Riggs, our Co-Founder, Chief Executive Officer and Chairman; and Peter Beetham, Co-Founder, President and Chief Operating Officer. The press release detailing these results crossed the wire early this morning and is available on our company’s website, cibus.com.

Before we begin the conference call, I’d like to remind everyone that statements made on the call and webcast, including those regarding future financial results and future operational goals and industry prospects, are forward-looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call.

Please refer to Cibus SEC filings for a list of associated risks. This conference call is being webcast. The webcast link is available in the Investor Relations section of cibus.com and will be accessible for 90 days. At this time, I’d like to turn the call over to Rory for his opening remarks. Rory?

Rory Riggs

Thanks, Wade. Welcome to our first quarterly release, which we’re really excited about. Financially, this quarter will be a little bit different from quarters going forward as our financial results for this quarter only reflect one quarter of the combined operations of Calyxt and Cibus as merger became effective on June 1, 2023.

That means the results reflect two months of scaling and one month of the combined operation. I think the easiest way to understand this is to have Wade go over our financial presentation. Wade?