Calyxt, Inc. (CLXT) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET

Company Participants

Bill Koschak - Chief Financial Officer

Michael Carr - President and Chief Executive Officer

Conference Call Participants

Bobby Burleson - Canaccord

Amit Dayal - H.C. Wainwright

Brian Wright - ROTH Capital Partners

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to Calyxt Second Quarter 2022 Earnings Results Conference Call and Webcast. [Operator Instructions] This call is being recorded today, August 4, 2022. At this time, I would like to turn the conference over to Bill Koschak, Calyxt Chief Financial Officer. Please go ahead, sir.

Bill Koschak

Thank you, and good afternoon. This is Bill Koschak, the Chief Financial Officer of Calyxt. I would like to thank you for taking time to join us for Calyxt’s second quarter 2022 earnings results conference call and webcast. Presenting with me today is Michael A. Carr, our President and Chief Executive Officer. A press release detailing these results crossed the wire after today’s market close and is available on our company’s website, calyxt.com.

Before we begin the formal presentation, 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 maybe 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 Calyxt’s SEC filings for a list of associated risks.

This presentation also includes a discussion of adjusted net loss and adjusted net loss per share both are non-GAAP financial measures. In Calyxt’s press release and its filings with the SEC, each of which was posted on the company’s website at calyxt.com, you will find additional disclosure regarding these non-GAAP financial measures. References to these non-GAAP financial measures should be considered in addition to GAAP financial measures and should not be considered a substitute for results that are presented in accordance with GAAP. Lastly, this conference call is being webcast. The webcast link is available in the Investor Relations section of calyxt.com.

At this time, I would like to turn the call over to Michael for his opening remarks.

Michael Carr

Thank you, Bill and thank you for joining us on Calyxt earnings and corporate update call today. Throughout the second quarter of 2022, the Calyxt team tangibly advanced each area of the business, including progressing our development and sale of customer demand-driven plant-based chemistries, the procurement of infrastructure partners to greatly expand our manufacturing capabilities and technology and plant trait licensing. Throughout the quarter, Calyxt continued to work on scaling and standardizing production in its pilot BioFactory system and building out related capabilities. I am proud of the significant progress we have made in a short period of time is a testament to our new strategic direction being on track.