View Financial HealthDyadic International 배당 및 자사주 매입배당 기준 점검 0/6Dyadic International 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률-18.3%자사주 매입 수익률총 주주 수익률-18.3%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updates내러티브 업데이트 • May 22DYAI: OEM Enzyme Commercialization Will Drive Future Upside PotentialDyadic International's analyst price target has been updated to $6.00 from $5.67. Analysts attribute the change to revised fair value, discount rate, revenue growth, profit margin and future P/E assumptions.Reported Earnings • May 14First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: US$0.054 loss per share (improved from US$0.068 loss in 1Q 2025). Revenue: US$1.11m (up 182% from 1Q 2025). Net loss: US$1.95m (loss narrowed 3.6% from 1Q 2025). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.공시 • May 05Dyadic International, Inc., Annual General Meeting, Jun 18, 2026Dyadic International, Inc., Annual General Meeting, Jun 18, 2026.공시 • Apr 30Dyadic International, Inc. to Report Q1, 2026 Results on May 13, 2026Dyadic International, Inc. announced that they will report Q1, 2026 results on May 13, 2026New Risk • Mar 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (US$3.1m revenue). Market cap is less than US$100m (US$26.6m market cap).공시 • Mar 31Dyadic International Inc Receives Deficiency Notice from NasdaqOn March 27, 2026, Dyadic International, Inc. (the Company" or Dyadic") received a deficiency notice (the Notice") from the Nasdaq Listing Qualifications staff (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that it is out of compliance with the technical minimum requirements for continued listing under Nasdaq Listing Rule 5550(b) (the Continued Listing Requirement"). The Continued Listing Requirement requires the Company to maintain at least one of the following: $2.5 million in stockholders' equity; $35 million in market value of listed securities; or $500,000 of net income from continuing operations. The Notice has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market. In accordance with Nasdaq rules, the Company has 45 calendar days, or until May 11, 2026, to submit a plan to regain compliance with any of the three minimum requirements under the Continued Listing Requirement. If the plan is accepted, the Company may be eligible for a cure period of up to 180 days from March 27, 2026 (September 23, 2026) to regain compliance. If the plan is not accepted, the Company may appeal the determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq listing rules. There can be no assurance that, if the Company decides to appeal the determination by Nasdaq to the panel, such appeal would be successful. The Company intends to actively monitor its compliance with the Continued Listing Requirement an ongoing basis and, as appropriate, plans to evaluate available options to resolve the deficiency and regain compliance (likely through the $2.5 million in stockholders' equity requirement). As previously disclosed, the Company also remains out of compliance with the minimum bid price of $1.00 required by the continued listing requirements of Nasdaq Listing Rule 5550(a)(2), and has until June 17, 2026 to regain compliance with such requirement. The Continued Listing Requirement deficiency discussed in the Notice is a separate and unrelated deficiency, and either deficiency, if not cured by the applicable deadline, could be a basis for the delisting of the Company's common stock.Reported Earnings • Mar 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: US$0.23 loss per share (further deteriorated from US$0.20 loss in FY 2024). Revenue: US$3.09m (down 12% from FY 2024). Net loss: US$7.36m (loss widened 27% from FY 2024). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.Breakeven Date Change • Mar 26Forecast to breakeven in 2027The 2 analysts covering Dyadic International expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$1.90m in 2027. Average annual earnings growth of 92% is required to achieve expected profit on schedule.공시 • Mar 12Dyadic International, Inc. to Report Fiscal Year 2025 Results on Mar 25, 2026Dyadic International, Inc. announced that they will report fiscal year 2025 results at 4:00 PM, US Eastern Standard Time on Mar 25, 2026공시 • Mar 07Dyadic International, Inc. has filed a Follow-on Equity Offering in the amount of $4.237818 million.Dyadic International, Inc. has filed a Follow-on Equity Offering in the amount of $4.237818 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering공시 • Mar 06Dyadic Applied BioSolutions and Fermbox Bio Launch Animal-Origin-Free Recombinant DNase I (RNase-Free)Dyadic Applied BioSolutions and Fermbox Bio announced the commercial launch of animal-origin-free Recombinant DNase I (RNase-free). This represents the first commercialized product under the companies expanded collaboration announced in 2025 and marks another step in Dyadic’s accelerating transition from platform development to commercial product expansion and recurring revenue growth. Produced using Dyadic’s proprietary high-yield fungal microbial expression platforms and Fermbox Bio’s scale-up and biomanufacturing capabilities, Recombinant DNase I (RNase-free) is currently available in research grade with a cGMP-grade version in development to support biopharmaceutical manufacturing and cell and gene therapy applications. Recombinant DNase I (RNase-free) is an endonuclease enzyme used for nucleic-acid clean-up and sample preparation workflows where residual DNA can interfere with analytical results. Its RNase-free specification supports RNA integrity in sensitive RNA workflows across biological research, biotechnology, and molecular diagnostics. DNase I (RNase-free) is a strategically important enzyme and the first in a planned series of recombinant enzymes and proteins expected to be commercially introduced throughout 2026. Planned pipeline products under the collaboration include recombinant a-lactalbumin, recombinant transferrin, recombinant human FGF-2, recombinant human lactoferrin, and additional recombinant proteins expressed using Dyadic’s fungal microbial platforms. The initial portfolio targets high-demand segments in cell culture media, media supplementation, and molecular biology reagents, supporting applications such as cell and gene therapy, vaccine and monoclonal antibody manufacturing, regenerative medicine, and advanced biologics development. Under the collaboration framework, Dyadic provides its fungal microbial expression platforms, production strains, and development support, while Fermbox Bio leads downstream process development, scale-up, and manufacturing. The companies are aligned on global commercialization to serve research and biomanufacturing customers worldwide.공시 • Feb 19Dyadic Applied Biosolutions and Proliant Health & Biologicals Announce Commercial Launch of Recombinant Human AlbuminDyadic Applied BioSolutions and Proliant Health & Biologicals announced the commercial launch of AlbuFree™? DX, a recombinant human albumin (rHA) product produced using Dyadic's proprietary filamentous fungal expression technology. The launch of AlbuFree™®? DX underscores Dyadic's strategy to prioritize recombinant protein products that have clear commercial pathways and are supported by well-established end markets. Under the terms of the agreement, Dyadic will receive a share of profits from Proliant's commercial sales of recombinant human albumin products. Recombinant human albumin is a critical component in cell culture media and other life science applications, where demand is rising for animal-free, scalable, and supply-secure inputs. The launch of Albu free™? DX marks the first major commercial step in Dyadic's growing portfolio of market-specific proteins and represents an important milestone in converting licensed programs into recurring revenue streams. Dyadic continues to advance additional recombinant proteins for cell culture, life science, nutrition, and industrial applications through a combination of internal programs and strategic partnerships.공시 • Dec 29Dyadic International Receives Notice of Non-Compliance with Nasdaq Listing RulesOn December 19, 2025, Dyadic International, Inc. (the Company") received a deficiency notice (the Notice") from the Nasdaq Listing Qualifications staff (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that for the last 30 consecutive business days the Company's securities have not maintained the minimum bid price of at least $1 per share required by the continued listing requirements of Nasdaq Listing Rule5550(a)(2). The Notice has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until June 17, 2026 (the Compliance Date"), to regain compliance with the minimum bid price requirement by having the Company's bid price close at $1 per share or more for a minimum of 10 consecutive business days before the Compliance Date (subject to the Staff's discretion to extend this period under Nasdaq Listing Rule5810(c)(3)(H)). If the Company does not regain compliance by the Compliance Date, the Company may be eligible for an additional 180-day period to regain compliance, provided that on the Compliance Date the Company meets the applicable market value of publicly held shares requirement for continued listing and all other applicable standards for initial listing on the Nasdaq Capital Market (except the bid price requirement) based on the Company's most recent public filings and market information and provides Nasdaq with written notice of its intent to cure this deficiency. However, if it appears to the Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible for the second compliance period, and the Company does not regain compliance by the Compliance Date, the Staff will provide written notification that the Company's common stock is subject to delisting. At that time, the Company may appeal the delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq listing rules. However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by Nasdaq to the panel, such appeal would be successful. The Company intends to actively monitor the bid price of its common stock between now and the Compliance Date and, as appropriate, plans to evaluate available options to resolve the deficiency and regain compliance with the minimum bid price requirement.New Risk • Nov 18New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$7.3m Forecast net loss in 2 years: US$3.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$3.1m net loss in 2 years). Shareholders have been diluted in the past year (22% increase in shares outstanding). Revenue is less than US$5m (US$3.3m revenue). Market cap is less than US$100m (US$32.2m market cap).Reported Earnings • Nov 14Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: US$0.057 loss per share (further deteriorated from US$0.007 loss in 3Q 2024). Revenue: US$1.16m (down 41% from 3Q 2024). Net loss: US$1.98m (loss widened US$1.77m from 3Q 2024). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.내러티브 업데이트 • Nov 07DYAI: Near-Term Commercial Portfolio Catalysts Will Drive Upside PotentialAnalysts have maintained Dyadic International's price target at $5 per share, citing optimism over near-term catalysts, attractive valuation relative to peers, and the potential impact of ongoing partner-driven clinical research. Analyst Commentary Recent coverage on Dyadic International highlights both optimism and caution surrounding the company's near-term prospects and valuation.공시 • Oct 29Dyadic International, Inc. to Report Q3, 2025 Results on Nov 12, 2025Dyadic International, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025내러티브 업데이트 • Oct 23Analysts Weigh New Risks and Opportunities as Dyadic International Faces Lower Growth ProjectionsAnalysts have lowered their price target for Dyadic International from $7.00 to $5.67 per share, citing updated forecasts for lower revenue growth along with stronger profit margins. They also note continued confidence in the company's commercialization efforts and an attractive valuation relative to peers.내러티브 업데이트 • Sep 09Animal-Free Protein Platforms Will Transform Sustainable Biotech IndustriesDespite near-term catalysts and partner-driven clinical advances supporting growth and making Dyadic’s valuation attractive relative to peers, the consensus analyst price target has been revised downward from $9.00 to $7.00. Analyst Commentary Commercialization of Dyadic's portfolio presents multiple near-term catalysts for growth.Price Target Changed • Sep 08Price target decreased by 18% to US$7.00Down from US$8.50, the current price target is an average from 2 analysts. New target price is 625% above last closing price of US$0.97. Stock is down 22% over the past year. The company is forecast to post a net loss per share of US$0.20 next year compared to a net loss per share of US$0.20 last year.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2025 results: US$0.06 loss per share (improved from US$0.07 loss in 2Q 2024). Revenue: US$966.6k (up 151% from 2Q 2024). Net loss: US$1.79m (loss narrowed 12% from 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.공시 • Aug 06Dyadic International, Inc. to Report Q2, 2025 Results on Aug 13, 2025Dyadic International, Inc. announced that they will report Q2, 2025 results on Aug 13, 2025New Risk • Aug 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$3.8m net loss in 2 years). Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (US$3.6m revenue). Market cap is less than US$100m (US$36.4m market cap).공시 • Aug 01Dyadic International, Inc. has completed a Follow-on Equity Offering in the amount of $5.7494 million.Dyadic International, Inc. has completed a Follow-on Equity Offering in the amount of $5.7494 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 6,052,000 Price\Range: $0.95 Discount Per Security: $0.0665공시 • Jul 31Dyadic International, Inc. has filed a Follow-on Equity Offering.Dyadic International, Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock공시 • Jul 26Dyadic International, Inc. Receives Deficiency Notice from Nasdaq Listing Qualifications Staff of the Nasdaq Stock MarketOn July 17, 2025, Dyadic International, Inc. received a deficiency notice (the “Notice”) from the Nasdaq Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the last 30 consecutive business days the Company’s securities have not maintained the minimum bid price of at least $1 per share required by the continued listing requirements of Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until January 13, 2026 (the “Compliance Date”), to regain compliance with the minimum bid price requirement by having the Company’s bid price close at $1 per share or more for a minimum of 10 consecutive business days before the Compliance Date (subject to the Staff’s discretion to extend this period under Nasdaq Listing Rule 5810(c)(3)(H)). If the Company does not regain compliance by the Compliance Date, the Company may be eligible for an additional 180-day period to regain compliance, provided that on the Compliance Date the Company meets the applicable market value of publicly held shares requirement for continued listing and all other applicable standards for initial listing on the Nasdaq Capital Market (except the bid price requirement) based on the Company’s most recent public filings and market information and notifies Nasdaq of its intent to cure this deficiency. However, if it appears to the Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible for the second compliance period, and the Company does not regain compliance by the Compliance Date, the Staff will provide written notification that the Company’s common stock is subject to delisting. At that time, the Company may appeal the delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq listing rules. However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by Nasdaq to the panel, such appeal would be successful. The Company intends to actively monitor the bid price of its common stock between now and the Compliance Date and, as appropriate, plans to evaluate available options to resolve the deficiency and regain compliance with the minimum bid price requirement. As previously disclosed, the Company also remains out of compliance with the minimum Market Value of Listed Securities (“MVLS”) of $35 million required by the continued listing requirements of Nasdaq Listing Rule 5550(b)(2), and has until December 20, 2025 to regain compliance with such requirement. The bid price deficiency discussed in the Notice is a separate and unrelated deficiency, and either deficiency, if not cured by the applicable deadline, could be a basis for the delisting of the Company’s common stock.분석 기사 • Jul 24Health Check: How Prudently Does Dyadic International (NASDAQ:DYAI) Use Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...공시 • Jun 29Dyadic International, Inc. Receives A Deficiency Notice from Nasdaq Listing Qualifications Staff of the Nasdaq Stock MarketOn June 23, 2025, Dyadic International, Inc. (the Company") received a deficiency notice (the Notice") from the Nasdaq Listing Qualifications staff (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that for the last 30 consecutive business days the Company's securities have not maintained the minimum Market Value of Listed Securities (MVLS") of $35 million required by the continued listing requirements of Nasdaq Listing Rule 5550(b)(2). The Notice has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has 180 calendar days, or until December 20, 2025 (the Compliance Date"), to regain compliance with the minimum MVLS requirement by having the Company's MVLS close at $35 million or more for a minimum of 10 consecutive business days before the Compliance Date (subject to the Staff's discretion to extend this period under Nasdaq Listing Rule 5810(c)(3)(H)). If the Company does not regain compliance by the Compliance Date, the Staff will provide written notification that the Company's common stock is subject to delisting. At that time, the Company may appeal the delisting determination to a hearings panel pursuant to the procedures set in the applicable Nasdaq listing rules. However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by Nasdaq to the panel, such appeal would be successful. The Company intends to actively monitor the MVLS of its common stock between now and the Compliance Date and, as appropriate, plans to evaluate available options to resolve the deficiency and regain compliance with the minimum MVLS requirement.공시 • Jun 03Dyadic International, Inc. Appoints Joe Hazelton as President, Effective June 2, 2025Dyadic International, Inc. announced a leadership change as part of its ongoing strategic shift to evolve into a revenue-generating provider of ancillary recombinant protein products supporting the life sciences, nutrition, and industrial markets. Dyadic’s Board of Directors, which has overseen and endorsed this strategy, has appointed Joe Hazelton as President, effective June 02, 2025. Mr. Hazelton will also continue in his role as Chief Operating Officer. As President, Joe Hazelton will be responsible for scaling Dyadic’s scientific and commercial initiatives, deepening industry partnerships, oversight of daily operations and ensuring efficient execution of the business strategy. In support of this strategic shift, Joe will also guide Dyadic’s corporate rebranding efforts. Dyadic’s C1 and Dapibus platforms—already central to its recent commercial successes—continue to underpin the Company’s strategy, offering differentiated, large-scale, high-titer production of recombinant proteins across targeted non-therapeutic markets. While the significant majority of Dyadic’s focus will be on the compelling ancillary protein opportunity, legacy biopharmaceutical programs remain active, with Mr. Emalfarb (who will continue to serve as Chief Executive Officer and a member of the Board of Directors) overseeing their development in addition to his continued focus on funding/investment opportunities, IP strategy, and legacy projects. Joe Hazelton joined Dyadic in 2021 as Chief Business Officer and was promoted to Chief Operating Officer in 2024. His experience includes over two decades of leadership in biotech commercialization, with a proven track record of strategic execution at both Dyadic and Novartis.Major Estimate Revision • May 21Consensus revenue estimates decrease by 31%, EPS upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$6.10m to US$4.20m. EPS estimate increased from -US$0.23 to -US$0.19 per share. Biotechs industry in the US expected to see average net income decline 11% next year. Consensus price target of US$9.00 unchanged from last update. Share price was steady at US$1.03 over the past week.Reported Earnings • May 15First quarter 2025 earnings released: US$0.068 loss per share (vs US$0.07 loss in 1Q 2024)First quarter 2025 results: US$0.068 loss per share. Revenue: US$393.6k (up 18% from 1Q 2024). Net loss: US$2.03m (flat on 1Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Biotechs industry in the US.공시 • May 02Dyadic International, Inc. to Report Q1, 2025 Results on May 14, 2025Dyadic International, Inc. announced that they will report Q1, 2025 results on May 14, 2025공시 • Apr 30Dyadic International, Inc., Annual General Meeting, Jun 20, 2025Dyadic International, Inc., Annual General Meeting, Jun 20, 2025.새로운 내러티브 • Apr 12Alternative Proteins And Global Collaborations Will Open New Markets Strategic focus on commercializing non-clinical products and partnerships with global leaders could significantly boost revenue and advance the biopharmaceutical pipeline.Major Estimate Revision • Apr 02Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.19 to -US$0.23 per share. Revenue forecast of US$6.10m unchanged since last update. Biotechs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 5.3% to US$1.40 over the past week.Recent Insider Transactions Derivative • Apr 01Founder notifies of intention to sell stockMark Emalfarb intends to sell 216k shares in the next 90 days after lodging an Intent To Sell Form on the 31st of March. If the sale is conducted around the recent share price of US$1.41, it would amount to US$304k. For the year to December 2018, Mark's total compensation was 54% salary and 46% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2024, Mark's direct individual holding has increased from 8.21m shares to 8.28m. Company insiders have collectively bought US$67k more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Mar 27Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: US$0.20 loss per share (improved from US$0.24 loss in FY 2023). Revenue: US$3.50m (up 21% from FY 2023). Net loss: US$5.81m (loss narrowed 14% from FY 2023). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.공시 • Mar 13Dyadic International, Inc. to Report Fiscal Year 2024 Results on Mar 26, 2025Dyadic International, Inc. announced that they will report fiscal year 2024 results on Mar 26, 2025Recent Insider Transactions Derivative • Dec 23Founder notifies of intention to sell stockMark Emalfarb intends to sell 296k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of December. If the sale is conducted around the recent share price of US$1.91, it would amount to US$564k. For the year to December 2017, Mark's total compensation was 54% salary and 46% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Mark's direct individual holding has increased from 8.08m shares to 8.21m. Company insiders have collectively bought US$43k more than they sold, via options and on-market transactions, in the last 12 months.New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$9.9m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Revenue is less than US$5m (US$3.4m revenue). Market cap is less than US$100m (US$36.1m market cap).Major Estimate Revision • Nov 19Consensus revenue estimates increase by 48%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$2.90m to US$4.30m. Forecast losses expected to reduce from -US$0.28 to -US$0.18 per share. Biotechs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 11% to US$1.17 over the past week.Reported Earnings • Nov 14Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: US$0.007 loss per share (improved from US$0.056 loss in 3Q 2023). Revenue: US$1.96m (up 393% from 3Q 2023). Net loss: US$203.5k (loss narrowed 87% from 3Q 2023). Revenue exceeded analyst estimates by 78%. Earnings per share (EPS) also surpassed analyst estimates by 86%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.공시 • Nov 05Dyadic International, Inc. to Report Q3, 2024 Results on Nov 12, 2024Dyadic International, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024Major Estimate Revision • Aug 20Consensus revenue estimates decrease by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$3.70m to US$2.90m. EPS estimate unchanged from -US$0.28 per share at last update. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target of US$7.50 unchanged from last update. Share price fell 2.2% to US$1.32 over the past week.Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: US$0.07 loss per share (improved from US$0.075 loss in 2Q 2023). Revenue: US$385.9k (down 54% from 2Q 2023). Net loss: US$2.05m (loss narrowed 5.0% from 2Q 2023). Revenue missed analyst estimates by 61%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.공시 • Jul 31Dyadic International, Inc. to Report Q2, 2024 Results on Aug 13, 2024Dyadic International, Inc. announced that they will report Q2, 2024 results on Aug 13, 2024분석 기사 • Jul 17Does Dyadic International (NASDAQ:DYAI) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Price Target Changed • Jul 08Price target decreased by 12% to US$7.50Down from US$8.50, the current price target is an average from 2 analysts. New target price is 436% above last closing price of US$1.40. Stock is down 29% over the past year. The company is forecast to post a net loss per share of US$0.26 next year compared to a net loss per share of US$0.24 last year.Recent Insider Transactions Derivative • Jun 10Founder notifies of intention to sell stockMark Emalfarb intends to sell 292k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of June. If the sale is conducted around the recent share price of US$2.25, it would amount to US$658k. For the year to December 2017, Mark's total compensation was 54% salary and 46% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Mark's direct individual holding has increased from 8.08m shares to 8.21m. Company insiders have collectively bought US$0.2 more than they sold, via options and on-market transactions, in the last 12 months.New Risk • Jun 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$11m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (US$2.3m revenue). Market cap is less than US$100m (US$64.3m market cap).Major Estimate Revision • May 21Consensus revenue estimates decrease by 17%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$4.20m to US$3.50m. EPS estimate reaffirmed at -US$0.66 per share. Biotechs industry in the US expected to see average net income decline 11% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 12% to US$1.67 over the past week.Reported Earnings • May 16First quarter 2024 earnings released: US$0.07 loss per share (vs US$0.033 loss in 1Q 2023)First quarter 2024 results: US$0.07 loss per share (further deteriorated from US$0.033 loss in 1Q 2023). Revenue: US$334.6k (down 66% from 1Q 2023). Net loss: US$2.01m (loss widened 110% from 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.공시 • May 01Dyadic International, Inc. to Report Q1, 2024 Results on May 14, 2024Dyadic International, Inc. announced that they will report Q1, 2024 results on May 14, 2024공시 • Apr 26Dyadic International, Inc., Annual General Meeting, Jun 11, 2024Dyadic International, Inc., Annual General Meeting, Jun 11, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect two Class II directors to our Board of Directors to serve until the Company’s 2027 Annual Meeting of Shareholders or until their successors are duly elected and qualified; to ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024; to cast an advisory vote to approve the compensation of the Company’s Named Executive Officers; and to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.Major Estimate Revision • Apr 04Consensus EPS estimates fall by 159%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.255 to -US$0.66 per share. Revenue forecast of US$4.20m unchanged since last update. Biotechs industry in the US expected to see average net income decline 9.6% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 10% to US$1.80 over the past week.Reported Earnings • Mar 31Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$0.24 loss per share (improved from US$0.34 loss in FY 2022). Revenue: US$2.90m (down 1.1% from FY 2022). Net loss: US$6.80m (loss narrowed 30% from FY 2022). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.공시 • Mar 28Dyadic International, Inc. Announces Management ChangesDyadic International, Inc. announced that Michael Tarnok is stepping down as Chairman of Dyadic’s board of directors and that current member of the Board Patrick Lucy has been appointed to succeed him, in each case, effective immediately. Mr. Tarnok will continue to serve as a director through the end of his current term, which will end at the Company’s annual meeting in June 2025, at which time he expects to retire. In addition, Dr. Barry Buckland announced that he is retiring and therefore will not stand for re-election at the Company’s annual meeting in June 2024. The Board has decided not to fill the vacancy due to Dr. Buckland’s retirement which will result in a reduction of the size of the Board from seven to six members. Finally, Joseph Hazelton has been appointed Chief Operating Officer, effective immediately, and will oversee the day-to-day operations of the Company. Mr. Lucy joined the Board in January 2021 and serves on the company’s Science and Technology Committee. He is currently the President and Chief Executive Officer of RoslinCT US, a privately held cell therapy contract development and manufacturing organization based in Hopkinton, Massachusetts and Edinburgh, Scotland. Mr. Lucy has 33 years of experience in the biotechnology industry, including a founder of Pfenex Inc., a protein expression platform technology company that originated within The Dow Chemical Company (“Dow”). He was a member of the leadership team that led the commercial launch of the Pfenex Expression Technology platform in 2005 and participated in the spin out of the business from Dow in 2009 via a Series A venture financing. Throughout Pfenex’s history, Mr. Lucy led business/corporate development and portfolio strategy as Chief Business Officer and was a member of the team that successfully completed Pfenex’s initial public offering in 2014. During his tenure at Pfenex, Mr. Lucy completed over $1.5 billion dollars of partnership transactions, and Pfenex was ultimately acquired by Ligand Pharmaceuticals in October 2020 for up to $512 million.공시 • Mar 15Dyadic International, Inc. to Report Fiscal Year 2023 Results on Mar 28, 2024Dyadic International, Inc. announced that they will report fiscal year 2023 results on Mar 28, 2024공시 • Nov 29Dyadic International, Inc. Announces Top-Line Results from Its Successful Phase 1 Clinical Trial for A First-In-Human Filamentous Fungal-Based Vaccine CandidateDyadic International, Inc. announced successful top-line results for the Phase 1 clinical trial of its recombinant protein RBD vaccine candidate, DYAI-100. This marks the first-in-human use of a recombinant protein vaccine expressed by Dyadic's C1- cell expression platform. The Phase 1 clinical trial was a double-blind placebo-controlled safety study of 30 healthy adults conducted in collaboration with Dyadic's South Africa licensee Rubic One Health ("Rubic"). In late 2022, Dyadic received regulatory approval of its Clinical Trial Application (CTA) from the South African Health Products Regulatory Authority (SAPHRA) to conduct the Phase I clinical trial for an antigen produced using its C1-cell protein expression platform. The primary endpoint of the study was to demonstrate the safety and reactogenicity of recombinant proteins. The C1 SARS-CoV-2 RBD single booster vaccine was administered at two dose levels. Top-line safety data confirmed that the study met its primary endpoint demonstrating that both dose levels are safe and well tolerated and that the vaccine produced immune responses at both dose levels.New Risk • Nov 15New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$6.9m Forecast net loss in 2 years: US$12m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.5m free cash flow). Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$12m net loss in 2 years). Revenue is less than US$5m (US$3.0m revenue). Market cap is less than US$100m (US$49.3m market cap).Reported Earnings • Nov 10Third quarter 2023 earnings: EPS in line with expectations, revenues disappointThird quarter 2023 results: US$0.056 loss per share (improved from US$0.064 loss in 3Q 2022). Revenue: US$397.1k (down 55% from 3Q 2022). Net loss: US$1.61m (loss narrowed 11% from 3Q 2022). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings.Major Estimate Revision • Oct 25Consensus revenue estimates increase by 25%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$3.40m to US$4.25m. Forecast losses expected to reduce from -US$0.25 to -US$0.23 per share. Biotechs industry in the US expected to see average net income decline 5.1% next year. Consensus price target of US$7.50 unchanged from last update. Share price fell 10% to US$1.61 over the past week.New Risk • Oct 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.4% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$6.8m net loss in 2 years). Revenue is less than US$5m (US$3.4m revenue). Market cap is less than US$100m (US$47.5m market cap).Reported Earnings • Aug 11Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: US$0.075 loss per share (improved from US$0.12 loss in 2Q 2022). Revenue: US$837.2k (up 27% from 2Q 2022). Net loss: US$2.15m (loss narrowed 35% from 2Q 2022). Revenue missed analyst estimates by 36%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings.공시 • Jul 28Dyadic International, Inc. to Report Q2, 2023 Results on Aug 09, 2023Dyadic International, Inc. announced that they will report Q2, 2023 results on Aug 09, 2023공시 • Jul 25Dyadic International, Inc Provides Phase 1 Clinical Trial Update for its Recombinant Protein RBD Vaccine CandidateDyadic International, Inc. provided an update regarding its Phase 1 Clinical Trial for its DYAI-100 COVID-19 recombinant protein receptor binding domain (RBD) booster vaccine candidate. An interim analysis of the Day 29 data for both the low and high dose groups by the Data Safety Monitoring Board (DSMB) determined there were no major vaccine-related safety concerns. As previously reported, no Serious Adverse Events or Adverse Events of Special Interest have been reported to date. Preliminary immunogenicity data has shown that DYAI-100 vaccine produced an immune response at both the low and high dosages. DYAI-100, also known as C1-SARS-CoV-2 RBD vaccine, is a novel receptor binding domain (RBD) recombinant protein booster vaccine candidate, highly expressed in Dyadic’s proprietary C1-cell protein production platform for the prevention of COVID-19. The C1-SARS-CoV-2 RBD vaccine drug product consists of the SARS-CoV-2 RBD adjuvanted with Alhydrogel 85® 2%. Dyadic’s Phase 1 randomized, double blind, placebo-controlled trial was designed as a first-in-human trial to assess the clinical safety and antibody response of DYAI-100, a C1-SARS-CoV-2 recombinant protein receptor binding domain (RBD) vaccine, produced using the C1-cell protein production platform, administered as a booster vaccine at two single dose levels (low dose and high dose cohorts) in healthy volunteers. The trial included healthy patients ages 18-55 in a randomization scheme of 4:1 (active: placebo) with fifteen subjects per cohort. Following the screening period there were eight scheduled clinic visits with the first six visits occurring within the first 29 days and two follow-up visits on Days 90 and 180. Safety data was collected throughout the trial and immunogenicity assessments were scheduled on patient visits 1, 4, 5, 6 and the two follow up visits on Days 90 and 180. A full study report is expected to be available in the second half of 2023.Major Estimate Revision • May 26Consensus revenue estimates increase by 74%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$3.50m to US$6.10m. Forecast losses expected to reduce from -US$0.25 to -US$0.14 per share. Biotechs industry in the US expected to see average net income decline 82% next year. Consensus price target of US$7.50 unchanged from last update. Share price was steady at US$2.06 over the past week.Reported Earnings • May 11First quarter 2023 earnings released: US$0.033 loss per share (vs US$0.088 loss in 1Q 2022)First quarter 2023 results: US$0.033 loss per share (improved from US$0.088 loss in 1Q 2022). Revenue: US$978.1k (up 51% from 1Q 2022). Net loss: US$956.4k (loss narrowed 62% from 1Q 2022). Revenue is expected to decline by 8.8% p.a. on average during the next 2 years, while revenues in the Biotechs industry in the US are expected to grow by 19%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 31Full year 2022 earnings: EPS in line with expectations, revenues disappointFull year 2022 results: US$0.34 loss per share (improved from US$0.47 loss in FY 2021). Revenue: US$2.93m (up 22% from FY 2021). Net loss: US$9.74m (loss narrowed 26% from FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.분석 기사 • Mar 14Is Dyadic International (NASDAQ:DYAI) In A Good Position To Deliver On Growth Plans?We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...공시 • Jan 25Dyadic International, Inc. Initiates Dosing of First-In-Human Phase 1 Trial to Demonstrate Clinical Safety and Antibody Response in Humans for DYAI-100 COVID-19 Recombinant Protein RBD Booster Vaccine CandidateDyadic International, Inc. announced that, in line with the timing announced during management’s Third Quarter earnings call, it has initiated dosing in its Phase 1 clinical trial to demonstrate clinical safety and antibody response in humans for the DYAI-100 COVID-19 recombinant protein receptor binding domain (RBD) booster vaccine candidate. The Phase 1 randomized, double blind, placebo-controlled trial is designed as a first-in-human trial to assess the clinical safety and antibody response of DYAI-100, a C1-SARS-CoV-2 recombinant protein RBD vaccine, produced using the C1 platform, administered as a booster vaccine at two single dose levels in healthy volunteers. Following the regulatory approval from the South African Health Products Regulatory Authority (SAHPRA) in late 2022, site preparations and patient recruitment was commenced in South Africa for initiation of the Phase 1 clinical trial and the first dosing for eligible patients began during the week of January 9th. The trial will include healthy patients ages 18-55 in a randomization scheme of 4:1 with 15 subjects per cohort. Following the screening period there are 8 scheduled clinic visits with the first 6 visits occurring within the first 29 days and two follow up visits on Days 90 and 180. Safety data will be collected throughout the trial and immunogenicity assessments are scheduled on patient visits 1, 4, 5, 6 and the two follow up visits on Days 90 and 180. Dosing for the trial is expected to be completed within the first quarter of 2023, with a full study report being available later this year.공시 • Jan 20An unknown buyer acquired 1.99% stake in Alphazyme LLC from Dyadic International, Inc. (NasdaqCM:DYAI) for $1.27 million.An unknown buyer acquired 1.99% stake in Alphazyme LLC from Dyadic International, Inc. (NasdaqCM:DYAI) for $1.27 million on January 19, 2023.An unknown buyer completed the acquisition of 1.99% stake in Alphazyme LLC from Dyadic International, Inc. (NasdaqCM:DYAI) on January 19, 2023.Major Estimate Revision • Nov 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$6.55m to US$3.65m. EPS estimate increased from -US$0.35 to -US$0.34 per share. Biotechs industry in the US expected to see average net income decline 94% next year. Consensus price target of US$7.50 unchanged from last update. Share price fell 11% to US$1.83 over the past week.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Additional Independent Director Patrick Lucy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Nov 12Consensus revenue estimates fall by 53%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$6.55m to US$3.10m. Forecast losses increased from -US$0.35 to -US$0.37 per share. Biotechs industry in the US expected to see average net income decline 62% next year. Consensus price target of US$7.50 unchanged from last update. Share price fell 13% to US$1.89 over the past week.공시 • Oct 28+ 1 more updateDyadic Receives Regulatory Approval to Initiate Phase 1 Clinical Trial to Demonstrate Clinical Safety and Efficacy in Humans for Dyai-100 Covid-19 Recombinant Protein Rbd Booster Vaccine CandidateDyadic International, Inc. announced that it has received regulatory approval of a Clinical Trial Application (CTA) from the South African Health Products Regulatory Authority (SAHPRA) to initiate a Phase 1 clinical trial of the DYAI-100 COVID-19 Receptor Binding Domain (RBD) booster vaccine. The Phase 1 randomized, double blind, placebo-controlled trial is designed to demonstrate clinical safety and preliminary efficacy of the DYAI-100, COVID-19 recombinant protein RBD booster vaccine candidate. Preparations are now underway to initiate the Phase 1 clinical trial to evaluate the safety and immunogenicity of the vaccine, with current plans to begin enrolling patients later this year in South Africa.분석 기사 • Oct 28Is Dyadic International (NASDAQ:DYAI) In A Good Position To Invest In Growth?Just because a business does not make any money, does not mean that the stock will go down. For example, although...Major Estimate Revision • Aug 17Consensus revenue estimates fall by 31%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$9.50m to US$6.55m. Forecast losses increased from -US$0.28 to -US$0.35 per share. Biotechs industry in the US expected to see average net income decline 57% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 10% to US$2.96 over the past week.Breakeven Date Change • Aug 12Forecast to breakeven in 2023The analyst covering Dyadic International expects the company to break even for the first time. New forecast suggests losses will reduce by 20% to 2022. The company is expected to make a profit of US$3.60m in 2023. Average annual earnings growth of 7.3% is required to achieve expected profit on schedule.공시 • Jul 28Dyadic International, Inc. to Report Q2, 2022 Results on Aug 10, 2022Dyadic International, Inc. announced that they will report Q2, 2022 results on Aug 10, 2022분석 기사 • Jun 21Here's Why We're Watching Dyadic International's (NASDAQ:DYAI) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, although...Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$10.4m to US$9.50m. 2022 losses expected to reduce from -US$0.35 to -US$0.28 per share. Biotechs industry in the US expected to see average net income decline 52% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 2.4% to US$2.13 over the past week.Price Target Changed • May 14Price target decreased to US$7.50Down from US$8.50, the current price target is an average from 2 analysts. New target price is 241% above last closing price of US$2.20. Stock is down 41% over the past year. The company is forecast to post a net loss per share of US$0.28 next year compared to a net loss per share of US$0.47 last year.Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: US$0.088 loss per share (up from US$0.12 loss in 1Q 2021). Revenue: US$648.4k (up 41% from 1Q 2021). Net loss: US$2.49m (loss narrowed 24% from 1Q 2021). Revenue missed analyst estimates by 57%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the next year, revenue is forecast to grow 334%, compared to a 25% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.공시 • May 10Dyadic International, Inc. Announces Successful Toxicology Data Published in Toxicologic PathologyDyadic International, Inc. announced the successful results and data received from the toxicology study of its DYAI-100 COVID-19 vaccine candidate. “Toxicity and Local Tolerance of a Novel Spike Protein RBD Vaccine Against SARS-CoV-2, Produced Using the C1 Thermothelomyces Heterothallica Protein Expression Platform" has been published in “Toxicologic Pathology” 2022, Vol. 50(3) 1–14”, an international peer-reviewed scientific journal. The toxicology study was performed under GLP Tox conditions by Covance’s Envigo CRS Israel Ltd. The paper summarizes the successful toxicological evaluation of Dyadic’s DYAI-100, Recombinant Protein RBD (Receptor Binding Domain) COVID-19 vaccine candidate, which was conducted under GLP conditions in a standardized accepted animal model for New Zealand White (NZW) rabbits. The NZW rabbits were repeatedly administered intramuscularly for a total of four administrations 1 week apart supporting a three-shot vaccination. No signs of toxicity were observed, including no injection site reactions. Starting from day 13 post-injection, ELISA studies revealed SARS-CoV-2 specific IgG antibodies were further elevated in the sera of the animals vaccinated. Histopathology evaluation and IHC staining revealed follicular hyperplasia, consisting of B-cell type, in the spleen and inguinal lymph nodes of the treated animals that were sustained throughout the recovery phase.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. Additional Independent Director Patrick Lucy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 27Dyadic International, Inc. Announces Executive ChangesOn April 22, 2022, Dyadic International, Inc. decided not to renew the consulting agreement the Company entered into with Novaro Ltd. to engage Matthew Jones as its Managing Director of Business Development and Licensing. Accordingly, Mr. Jones will cease providing services to the Company as its Managing Director of Business Development and Licensing, effective July 21, 2022. Mr. Jones’ responsibilities for commercialization and business development will be transitioning to new Chief Business Officer, Joe Hazelton.Major Estimate Revision • Apr 05Consensus revenue estimates fall by 42%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$17.9m to US$10.4m. Forecast losses increased from -US$0.23 to -US$0.35 per share. Biotechs industry in the US expected to see average net income decline 47% next year. Consensus price target down from US$8.50 to US$8.00. Share price fell 17% to US$2.75 over the past week.Reported Earnings • Mar 30Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: US$0.47 loss per share (down from US$0.34 loss in FY 2020). Revenue: US$2.40m (up 50% from FY 2020). Net loss: US$13.1m (loss widened 40% from FY 2020). Revenue missed analyst estimates by 70%. Earnings per share (EPS) exceeded analyst estimates by 24%. Over the next year, revenue is forecast to grow 643%, compared to a 65% growth forecast for the pharmaceuticals industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.공시 • Jan 22Dyadic International, Inc. Introduces Novel Method to Produce Synthetic Cannabinoids and Precursors Utilizing C1 Cell Line Production Platform and Patent Pending ProcessDyadic International, Inc. announced its industrially proven C1-cells have been engineered to demonstrate the potential to manufacture therapeutically viable and commercially useful cannabis compounds including cannabidiol (CBD) and its precursors using synthetic biology. C1-cells have the potential to be an easy way to produce pure synthetic cannabinoids for commercial use cheaper and more effectively as compared to conventional extraction methods utilizing hemp and the marijuana plant, Cannabis sativa. While synthetic cannabinoid compounds have been approved by the FDA, the chemical synthesis is relatively costly, and can involve the use of chemicals that are not environmentally friendly, and, most importantly, various chemically synthesized cannabinoids have been classified as less pharmacologically active as those extracted from plants such as the sativa strain of cannabis. Dyadic’s synthetic biology cannabinoid C1 production process has the potential to develop commercially viable biological methods of producing CBD, such as cannabigerolic acid (CBGA), cannabigerovarinic acid (CBGVA), tetrahydrocannabinolic acid (THCA), cannabidiolic acid (CBDA), and cannabidivarinic acid (CBDVA) and uses thereof for producing said precursors and cannabinoids.공시 • Dec 23Dyadic International, Inc. Announces A National Institute for Innovation in Manufacturing Biopharmaceuticals Coronavirus Grant Under the White House’s American Rescue PlanDyadic International, Inc. announced it is the recipient of one of thirty-two project grants awarded by the National Institute for Innovation in Manufacturing Biopharmaceuticals funded through the White House’s American Rescue Plan. Under the NIIMBL grant, Dyadic will receive up to $690,000 in funding to engineer the Company’s proprietary and patented C1 thermophilic fungal (Thermothelomyces heterothallica) protein production platform to produce two different antibodies. NIIMBL members include large and small companies, academic institutions, non-profits, and federal agency partners who are well-equipped to significantly strengthen the nation’s preparedness and response to public health crises. Through the ARP funding, NIIMBL has selected projects that will: Provide testbeds for process development, for next generation manufacturing approaches, and for drug product manufacturing approaches that provide access to industrially relevant equipment and facilities for pre-competitive manufacturing innovation; Support the development of significantly improved methods for vaccine production, quality, and distribution, including mRNA and other vaccine platforms; Demonstrate rapid scaling for production of coronavirus antigens and medical countermeasures for variants of concern; Train a diverse biopharmaceutical manufacturing workforce; Demonstrate the concept of mobile Good Manufacturing Practices capabilities to support mRNA vaccine and gene therapy production. Dyadic’s project grant is intended to benchmark the speed that the C1 manufacturing platform will have when compared to current methods, which could lead to a rapid ability to produce medical countermeasures and vaccines in response to future pandemics.Breakeven Date Change • Dec 22Forecast to breakeven in 2023The 2 analysts covering Dyadic International expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 15% per year to 2022. The company is expected to make a profit of US$3.55m in 2023. Average annual earnings growth of 75% is required to achieve expected profit on schedule.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 DYAI 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: DYAI 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Dyadic International 배당 수익률 vs 시장DYAI의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (DYAI)n/a시장 하위 25% (US)1.4%시장 상위 25% (US)4.2%업계 평균 (Biotechs)2.4%분석가 예측 (DYAI) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 DYAI 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 DYAI 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 DYAI 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: DYAI 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YUS 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 10:20종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Dyadic International, Inc.는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Matthew HewittCraig-Hallum Capital Group LLCPeter Anthony WrightPartnerCap Securities, LLCJohn VandermostenZacks Small-Cap Research
내러티브 업데이트 • May 22DYAI: OEM Enzyme Commercialization Will Drive Future Upside PotentialDyadic International's analyst price target has been updated to $6.00 from $5.67. Analysts attribute the change to revised fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
Reported Earnings • May 14First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: US$0.054 loss per share (improved from US$0.068 loss in 1Q 2025). Revenue: US$1.11m (up 182% from 1Q 2025). Net loss: US$1.95m (loss narrowed 3.6% from 1Q 2025). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
공시 • May 05Dyadic International, Inc., Annual General Meeting, Jun 18, 2026Dyadic International, Inc., Annual General Meeting, Jun 18, 2026.
공시 • Apr 30Dyadic International, Inc. to Report Q1, 2026 Results on May 13, 2026Dyadic International, Inc. announced that they will report Q1, 2026 results on May 13, 2026
New Risk • Mar 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (US$3.1m revenue). Market cap is less than US$100m (US$26.6m market cap).
공시 • Mar 31Dyadic International Inc Receives Deficiency Notice from NasdaqOn March 27, 2026, Dyadic International, Inc. (the Company" or Dyadic") received a deficiency notice (the Notice") from the Nasdaq Listing Qualifications staff (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that it is out of compliance with the technical minimum requirements for continued listing under Nasdaq Listing Rule 5550(b) (the Continued Listing Requirement"). The Continued Listing Requirement requires the Company to maintain at least one of the following: $2.5 million in stockholders' equity; $35 million in market value of listed securities; or $500,000 of net income from continuing operations. The Notice has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market. In accordance with Nasdaq rules, the Company has 45 calendar days, or until May 11, 2026, to submit a plan to regain compliance with any of the three minimum requirements under the Continued Listing Requirement. If the plan is accepted, the Company may be eligible for a cure period of up to 180 days from March 27, 2026 (September 23, 2026) to regain compliance. If the plan is not accepted, the Company may appeal the determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq listing rules. There can be no assurance that, if the Company decides to appeal the determination by Nasdaq to the panel, such appeal would be successful. The Company intends to actively monitor its compliance with the Continued Listing Requirement an ongoing basis and, as appropriate, plans to evaluate available options to resolve the deficiency and regain compliance (likely through the $2.5 million in stockholders' equity requirement). As previously disclosed, the Company also remains out of compliance with the minimum bid price of $1.00 required by the continued listing requirements of Nasdaq Listing Rule 5550(a)(2), and has until June 17, 2026 to regain compliance with such requirement. The Continued Listing Requirement deficiency discussed in the Notice is a separate and unrelated deficiency, and either deficiency, if not cured by the applicable deadline, could be a basis for the delisting of the Company's common stock.
Reported Earnings • Mar 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: US$0.23 loss per share (further deteriorated from US$0.20 loss in FY 2024). Revenue: US$3.09m (down 12% from FY 2024). Net loss: US$7.36m (loss widened 27% from FY 2024). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Mar 26Forecast to breakeven in 2027The 2 analysts covering Dyadic International expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$1.90m in 2027. Average annual earnings growth of 92% is required to achieve expected profit on schedule.
공시 • Mar 12Dyadic International, Inc. to Report Fiscal Year 2025 Results on Mar 25, 2026Dyadic International, Inc. announced that they will report fiscal year 2025 results at 4:00 PM, US Eastern Standard Time on Mar 25, 2026
공시 • Mar 07Dyadic International, Inc. has filed a Follow-on Equity Offering in the amount of $4.237818 million.Dyadic International, Inc. has filed a Follow-on Equity Offering in the amount of $4.237818 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
공시 • Mar 06Dyadic Applied BioSolutions and Fermbox Bio Launch Animal-Origin-Free Recombinant DNase I (RNase-Free)Dyadic Applied BioSolutions and Fermbox Bio announced the commercial launch of animal-origin-free Recombinant DNase I (RNase-free). This represents the first commercialized product under the companies expanded collaboration announced in 2025 and marks another step in Dyadic’s accelerating transition from platform development to commercial product expansion and recurring revenue growth. Produced using Dyadic’s proprietary high-yield fungal microbial expression platforms and Fermbox Bio’s scale-up and biomanufacturing capabilities, Recombinant DNase I (RNase-free) is currently available in research grade with a cGMP-grade version in development to support biopharmaceutical manufacturing and cell and gene therapy applications. Recombinant DNase I (RNase-free) is an endonuclease enzyme used for nucleic-acid clean-up and sample preparation workflows where residual DNA can interfere with analytical results. Its RNase-free specification supports RNA integrity in sensitive RNA workflows across biological research, biotechnology, and molecular diagnostics. DNase I (RNase-free) is a strategically important enzyme and the first in a planned series of recombinant enzymes and proteins expected to be commercially introduced throughout 2026. Planned pipeline products under the collaboration include recombinant a-lactalbumin, recombinant transferrin, recombinant human FGF-2, recombinant human lactoferrin, and additional recombinant proteins expressed using Dyadic’s fungal microbial platforms. The initial portfolio targets high-demand segments in cell culture media, media supplementation, and molecular biology reagents, supporting applications such as cell and gene therapy, vaccine and monoclonal antibody manufacturing, regenerative medicine, and advanced biologics development. Under the collaboration framework, Dyadic provides its fungal microbial expression platforms, production strains, and development support, while Fermbox Bio leads downstream process development, scale-up, and manufacturing. The companies are aligned on global commercialization to serve research and biomanufacturing customers worldwide.
공시 • Feb 19Dyadic Applied Biosolutions and Proliant Health & Biologicals Announce Commercial Launch of Recombinant Human AlbuminDyadic Applied BioSolutions and Proliant Health & Biologicals announced the commercial launch of AlbuFree™? DX, a recombinant human albumin (rHA) product produced using Dyadic's proprietary filamentous fungal expression technology. The launch of AlbuFree™®? DX underscores Dyadic's strategy to prioritize recombinant protein products that have clear commercial pathways and are supported by well-established end markets. Under the terms of the agreement, Dyadic will receive a share of profits from Proliant's commercial sales of recombinant human albumin products. Recombinant human albumin is a critical component in cell culture media and other life science applications, where demand is rising for animal-free, scalable, and supply-secure inputs. The launch of Albu free™? DX marks the first major commercial step in Dyadic's growing portfolio of market-specific proteins and represents an important milestone in converting licensed programs into recurring revenue streams. Dyadic continues to advance additional recombinant proteins for cell culture, life science, nutrition, and industrial applications through a combination of internal programs and strategic partnerships.
공시 • Dec 29Dyadic International Receives Notice of Non-Compliance with Nasdaq Listing RulesOn December 19, 2025, Dyadic International, Inc. (the Company") received a deficiency notice (the Notice") from the Nasdaq Listing Qualifications staff (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that for the last 30 consecutive business days the Company's securities have not maintained the minimum bid price of at least $1 per share required by the continued listing requirements of Nasdaq Listing Rule5550(a)(2). The Notice has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until June 17, 2026 (the Compliance Date"), to regain compliance with the minimum bid price requirement by having the Company's bid price close at $1 per share or more for a minimum of 10 consecutive business days before the Compliance Date (subject to the Staff's discretion to extend this period under Nasdaq Listing Rule5810(c)(3)(H)). If the Company does not regain compliance by the Compliance Date, the Company may be eligible for an additional 180-day period to regain compliance, provided that on the Compliance Date the Company meets the applicable market value of publicly held shares requirement for continued listing and all other applicable standards for initial listing on the Nasdaq Capital Market (except the bid price requirement) based on the Company's most recent public filings and market information and provides Nasdaq with written notice of its intent to cure this deficiency. However, if it appears to the Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible for the second compliance period, and the Company does not regain compliance by the Compliance Date, the Staff will provide written notification that the Company's common stock is subject to delisting. At that time, the Company may appeal the delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq listing rules. However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by Nasdaq to the panel, such appeal would be successful. The Company intends to actively monitor the bid price of its common stock between now and the Compliance Date and, as appropriate, plans to evaluate available options to resolve the deficiency and regain compliance with the minimum bid price requirement.
New Risk • Nov 18New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$7.3m Forecast net loss in 2 years: US$3.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$3.1m net loss in 2 years). Shareholders have been diluted in the past year (22% increase in shares outstanding). Revenue is less than US$5m (US$3.3m revenue). Market cap is less than US$100m (US$32.2m market cap).
Reported Earnings • Nov 14Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: US$0.057 loss per share (further deteriorated from US$0.007 loss in 3Q 2024). Revenue: US$1.16m (down 41% from 3Q 2024). Net loss: US$1.98m (loss widened US$1.77m from 3Q 2024). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
내러티브 업데이트 • Nov 07DYAI: Near-Term Commercial Portfolio Catalysts Will Drive Upside PotentialAnalysts have maintained Dyadic International's price target at $5 per share, citing optimism over near-term catalysts, attractive valuation relative to peers, and the potential impact of ongoing partner-driven clinical research. Analyst Commentary Recent coverage on Dyadic International highlights both optimism and caution surrounding the company's near-term prospects and valuation.
공시 • Oct 29Dyadic International, Inc. to Report Q3, 2025 Results on Nov 12, 2025Dyadic International, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025
내러티브 업데이트 • Oct 23Analysts Weigh New Risks and Opportunities as Dyadic International Faces Lower Growth ProjectionsAnalysts have lowered their price target for Dyadic International from $7.00 to $5.67 per share, citing updated forecasts for lower revenue growth along with stronger profit margins. They also note continued confidence in the company's commercialization efforts and an attractive valuation relative to peers.
내러티브 업데이트 • Sep 09Animal-Free Protein Platforms Will Transform Sustainable Biotech IndustriesDespite near-term catalysts and partner-driven clinical advances supporting growth and making Dyadic’s valuation attractive relative to peers, the consensus analyst price target has been revised downward from $9.00 to $7.00. Analyst Commentary Commercialization of Dyadic's portfolio presents multiple near-term catalysts for growth.
Price Target Changed • Sep 08Price target decreased by 18% to US$7.00Down from US$8.50, the current price target is an average from 2 analysts. New target price is 625% above last closing price of US$0.97. Stock is down 22% over the past year. The company is forecast to post a net loss per share of US$0.20 next year compared to a net loss per share of US$0.20 last year.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2025 results: US$0.06 loss per share (improved from US$0.07 loss in 2Q 2024). Revenue: US$966.6k (up 151% from 2Q 2024). Net loss: US$1.79m (loss narrowed 12% from 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.
공시 • Aug 06Dyadic International, Inc. to Report Q2, 2025 Results on Aug 13, 2025Dyadic International, Inc. announced that they will report Q2, 2025 results on Aug 13, 2025
New Risk • Aug 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$3.8m net loss in 2 years). Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (US$3.6m revenue). Market cap is less than US$100m (US$36.4m market cap).
공시 • Aug 01Dyadic International, Inc. has completed a Follow-on Equity Offering in the amount of $5.7494 million.Dyadic International, Inc. has completed a Follow-on Equity Offering in the amount of $5.7494 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 6,052,000 Price\Range: $0.95 Discount Per Security: $0.0665
공시 • Jul 31Dyadic International, Inc. has filed a Follow-on Equity Offering.Dyadic International, Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock
공시 • Jul 26Dyadic International, Inc. Receives Deficiency Notice from Nasdaq Listing Qualifications Staff of the Nasdaq Stock MarketOn July 17, 2025, Dyadic International, Inc. received a deficiency notice (the “Notice”) from the Nasdaq Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the last 30 consecutive business days the Company’s securities have not maintained the minimum bid price of at least $1 per share required by the continued listing requirements of Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until January 13, 2026 (the “Compliance Date”), to regain compliance with the minimum bid price requirement by having the Company’s bid price close at $1 per share or more for a minimum of 10 consecutive business days before the Compliance Date (subject to the Staff’s discretion to extend this period under Nasdaq Listing Rule 5810(c)(3)(H)). If the Company does not regain compliance by the Compliance Date, the Company may be eligible for an additional 180-day period to regain compliance, provided that on the Compliance Date the Company meets the applicable market value of publicly held shares requirement for continued listing and all other applicable standards for initial listing on the Nasdaq Capital Market (except the bid price requirement) based on the Company’s most recent public filings and market information and notifies Nasdaq of its intent to cure this deficiency. However, if it appears to the Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible for the second compliance period, and the Company does not regain compliance by the Compliance Date, the Staff will provide written notification that the Company’s common stock is subject to delisting. At that time, the Company may appeal the delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq listing rules. However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by Nasdaq to the panel, such appeal would be successful. The Company intends to actively monitor the bid price of its common stock between now and the Compliance Date and, as appropriate, plans to evaluate available options to resolve the deficiency and regain compliance with the minimum bid price requirement. As previously disclosed, the Company also remains out of compliance with the minimum Market Value of Listed Securities (“MVLS”) of $35 million required by the continued listing requirements of Nasdaq Listing Rule 5550(b)(2), and has until December 20, 2025 to regain compliance with such requirement. The bid price deficiency discussed in the Notice is a separate and unrelated deficiency, and either deficiency, if not cured by the applicable deadline, could be a basis for the delisting of the Company’s common stock.
분석 기사 • Jul 24Health Check: How Prudently Does Dyadic International (NASDAQ:DYAI) Use Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
공시 • Jun 29Dyadic International, Inc. Receives A Deficiency Notice from Nasdaq Listing Qualifications Staff of the Nasdaq Stock MarketOn June 23, 2025, Dyadic International, Inc. (the Company") received a deficiency notice (the Notice") from the Nasdaq Listing Qualifications staff (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that for the last 30 consecutive business days the Company's securities have not maintained the minimum Market Value of Listed Securities (MVLS") of $35 million required by the continued listing requirements of Nasdaq Listing Rule 5550(b)(2). The Notice has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has 180 calendar days, or until December 20, 2025 (the Compliance Date"), to regain compliance with the minimum MVLS requirement by having the Company's MVLS close at $35 million or more for a minimum of 10 consecutive business days before the Compliance Date (subject to the Staff's discretion to extend this period under Nasdaq Listing Rule 5810(c)(3)(H)). If the Company does not regain compliance by the Compliance Date, the Staff will provide written notification that the Company's common stock is subject to delisting. At that time, the Company may appeal the delisting determination to a hearings panel pursuant to the procedures set in the applicable Nasdaq listing rules. However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by Nasdaq to the panel, such appeal would be successful. The Company intends to actively monitor the MVLS of its common stock between now and the Compliance Date and, as appropriate, plans to evaluate available options to resolve the deficiency and regain compliance with the minimum MVLS requirement.
공시 • Jun 03Dyadic International, Inc. Appoints Joe Hazelton as President, Effective June 2, 2025Dyadic International, Inc. announced a leadership change as part of its ongoing strategic shift to evolve into a revenue-generating provider of ancillary recombinant protein products supporting the life sciences, nutrition, and industrial markets. Dyadic’s Board of Directors, which has overseen and endorsed this strategy, has appointed Joe Hazelton as President, effective June 02, 2025. Mr. Hazelton will also continue in his role as Chief Operating Officer. As President, Joe Hazelton will be responsible for scaling Dyadic’s scientific and commercial initiatives, deepening industry partnerships, oversight of daily operations and ensuring efficient execution of the business strategy. In support of this strategic shift, Joe will also guide Dyadic’s corporate rebranding efforts. Dyadic’s C1 and Dapibus platforms—already central to its recent commercial successes—continue to underpin the Company’s strategy, offering differentiated, large-scale, high-titer production of recombinant proteins across targeted non-therapeutic markets. While the significant majority of Dyadic’s focus will be on the compelling ancillary protein opportunity, legacy biopharmaceutical programs remain active, with Mr. Emalfarb (who will continue to serve as Chief Executive Officer and a member of the Board of Directors) overseeing their development in addition to his continued focus on funding/investment opportunities, IP strategy, and legacy projects. Joe Hazelton joined Dyadic in 2021 as Chief Business Officer and was promoted to Chief Operating Officer in 2024. His experience includes over two decades of leadership in biotech commercialization, with a proven track record of strategic execution at both Dyadic and Novartis.
Major Estimate Revision • May 21Consensus revenue estimates decrease by 31%, EPS upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$6.10m to US$4.20m. EPS estimate increased from -US$0.23 to -US$0.19 per share. Biotechs industry in the US expected to see average net income decline 11% next year. Consensus price target of US$9.00 unchanged from last update. Share price was steady at US$1.03 over the past week.
Reported Earnings • May 15First quarter 2025 earnings released: US$0.068 loss per share (vs US$0.07 loss in 1Q 2024)First quarter 2025 results: US$0.068 loss per share. Revenue: US$393.6k (up 18% from 1Q 2024). Net loss: US$2.03m (flat on 1Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Biotechs industry in the US.
공시 • May 02Dyadic International, Inc. to Report Q1, 2025 Results on May 14, 2025Dyadic International, Inc. announced that they will report Q1, 2025 results on May 14, 2025
공시 • Apr 30Dyadic International, Inc., Annual General Meeting, Jun 20, 2025Dyadic International, Inc., Annual General Meeting, Jun 20, 2025.
새로운 내러티브 • Apr 12Alternative Proteins And Global Collaborations Will Open New Markets Strategic focus on commercializing non-clinical products and partnerships with global leaders could significantly boost revenue and advance the biopharmaceutical pipeline.
Major Estimate Revision • Apr 02Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.19 to -US$0.23 per share. Revenue forecast of US$6.10m unchanged since last update. Biotechs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 5.3% to US$1.40 over the past week.
Recent Insider Transactions Derivative • Apr 01Founder notifies of intention to sell stockMark Emalfarb intends to sell 216k shares in the next 90 days after lodging an Intent To Sell Form on the 31st of March. If the sale is conducted around the recent share price of US$1.41, it would amount to US$304k. For the year to December 2018, Mark's total compensation was 54% salary and 46% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2024, Mark's direct individual holding has increased from 8.21m shares to 8.28m. Company insiders have collectively bought US$67k more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Mar 27Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: US$0.20 loss per share (improved from US$0.24 loss in FY 2023). Revenue: US$3.50m (up 21% from FY 2023). Net loss: US$5.81m (loss narrowed 14% from FY 2023). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
공시 • Mar 13Dyadic International, Inc. to Report Fiscal Year 2024 Results on Mar 26, 2025Dyadic International, Inc. announced that they will report fiscal year 2024 results on Mar 26, 2025
Recent Insider Transactions Derivative • Dec 23Founder notifies of intention to sell stockMark Emalfarb intends to sell 296k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of December. If the sale is conducted around the recent share price of US$1.91, it would amount to US$564k. For the year to December 2017, Mark's total compensation was 54% salary and 46% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Mark's direct individual holding has increased from 8.08m shares to 8.21m. Company insiders have collectively bought US$43k more than they sold, via options and on-market transactions, in the last 12 months.
New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$9.9m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Revenue is less than US$5m (US$3.4m revenue). Market cap is less than US$100m (US$36.1m market cap).
Major Estimate Revision • Nov 19Consensus revenue estimates increase by 48%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$2.90m to US$4.30m. Forecast losses expected to reduce from -US$0.28 to -US$0.18 per share. Biotechs industry in the US expected to see average net income decline 13% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 11% to US$1.17 over the past week.
Reported Earnings • Nov 14Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: US$0.007 loss per share (improved from US$0.056 loss in 3Q 2023). Revenue: US$1.96m (up 393% from 3Q 2023). Net loss: US$203.5k (loss narrowed 87% from 3Q 2023). Revenue exceeded analyst estimates by 78%. Earnings per share (EPS) also surpassed analyst estimates by 86%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
공시 • Nov 05Dyadic International, Inc. to Report Q3, 2024 Results on Nov 12, 2024Dyadic International, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024
Major Estimate Revision • Aug 20Consensus revenue estimates decrease by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$3.70m to US$2.90m. EPS estimate unchanged from -US$0.28 per share at last update. Biotechs industry in the US expected to see average net income decline 14% next year. Consensus price target of US$7.50 unchanged from last update. Share price fell 2.2% to US$1.32 over the past week.
Reported Earnings • Aug 15Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: US$0.07 loss per share (improved from US$0.075 loss in 2Q 2023). Revenue: US$385.9k (down 54% from 2Q 2023). Net loss: US$2.05m (loss narrowed 5.0% from 2Q 2023). Revenue missed analyst estimates by 61%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
공시 • Jul 31Dyadic International, Inc. to Report Q2, 2024 Results on Aug 13, 2024Dyadic International, Inc. announced that they will report Q2, 2024 results on Aug 13, 2024
분석 기사 • Jul 17Does Dyadic International (NASDAQ:DYAI) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Price Target Changed • Jul 08Price target decreased by 12% to US$7.50Down from US$8.50, the current price target is an average from 2 analysts. New target price is 436% above last closing price of US$1.40. Stock is down 29% over the past year. The company is forecast to post a net loss per share of US$0.26 next year compared to a net loss per share of US$0.24 last year.
Recent Insider Transactions Derivative • Jun 10Founder notifies of intention to sell stockMark Emalfarb intends to sell 292k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of June. If the sale is conducted around the recent share price of US$2.25, it would amount to US$658k. For the year to December 2017, Mark's total compensation was 54% salary and 46% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Mark's direct individual holding has increased from 8.08m shares to 8.21m. Company insiders have collectively bought US$0.2 more than they sold, via options and on-market transactions, in the last 12 months.
New Risk • Jun 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$11m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (US$2.3m revenue). Market cap is less than US$100m (US$64.3m market cap).
Major Estimate Revision • May 21Consensus revenue estimates decrease by 17%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$4.20m to US$3.50m. EPS estimate reaffirmed at -US$0.66 per share. Biotechs industry in the US expected to see average net income decline 11% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 12% to US$1.67 over the past week.
Reported Earnings • May 16First quarter 2024 earnings released: US$0.07 loss per share (vs US$0.033 loss in 1Q 2023)First quarter 2024 results: US$0.07 loss per share (further deteriorated from US$0.033 loss in 1Q 2023). Revenue: US$334.6k (down 66% from 1Q 2023). Net loss: US$2.01m (loss widened 110% from 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
공시 • May 01Dyadic International, Inc. to Report Q1, 2024 Results on May 14, 2024Dyadic International, Inc. announced that they will report Q1, 2024 results on May 14, 2024
공시 • Apr 26Dyadic International, Inc., Annual General Meeting, Jun 11, 2024Dyadic International, Inc., Annual General Meeting, Jun 11, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect two Class II directors to our Board of Directors to serve until the Company’s 2027 Annual Meeting of Shareholders or until their successors are duly elected and qualified; to ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024; to cast an advisory vote to approve the compensation of the Company’s Named Executive Officers; and to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.
Major Estimate Revision • Apr 04Consensus EPS estimates fall by 159%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.255 to -US$0.66 per share. Revenue forecast of US$4.20m unchanged since last update. Biotechs industry in the US expected to see average net income decline 9.6% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 10% to US$1.80 over the past week.
Reported Earnings • Mar 31Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$0.24 loss per share (improved from US$0.34 loss in FY 2022). Revenue: US$2.90m (down 1.1% from FY 2022). Net loss: US$6.80m (loss narrowed 30% from FY 2022). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
공시 • Mar 28Dyadic International, Inc. Announces Management ChangesDyadic International, Inc. announced that Michael Tarnok is stepping down as Chairman of Dyadic’s board of directors and that current member of the Board Patrick Lucy has been appointed to succeed him, in each case, effective immediately. Mr. Tarnok will continue to serve as a director through the end of his current term, which will end at the Company’s annual meeting in June 2025, at which time he expects to retire. In addition, Dr. Barry Buckland announced that he is retiring and therefore will not stand for re-election at the Company’s annual meeting in June 2024. The Board has decided not to fill the vacancy due to Dr. Buckland’s retirement which will result in a reduction of the size of the Board from seven to six members. Finally, Joseph Hazelton has been appointed Chief Operating Officer, effective immediately, and will oversee the day-to-day operations of the Company. Mr. Lucy joined the Board in January 2021 and serves on the company’s Science and Technology Committee. He is currently the President and Chief Executive Officer of RoslinCT US, a privately held cell therapy contract development and manufacturing organization based in Hopkinton, Massachusetts and Edinburgh, Scotland. Mr. Lucy has 33 years of experience in the biotechnology industry, including a founder of Pfenex Inc., a protein expression platform technology company that originated within The Dow Chemical Company (“Dow”). He was a member of the leadership team that led the commercial launch of the Pfenex Expression Technology platform in 2005 and participated in the spin out of the business from Dow in 2009 via a Series A venture financing. Throughout Pfenex’s history, Mr. Lucy led business/corporate development and portfolio strategy as Chief Business Officer and was a member of the team that successfully completed Pfenex’s initial public offering in 2014. During his tenure at Pfenex, Mr. Lucy completed over $1.5 billion dollars of partnership transactions, and Pfenex was ultimately acquired by Ligand Pharmaceuticals in October 2020 for up to $512 million.
공시 • Mar 15Dyadic International, Inc. to Report Fiscal Year 2023 Results on Mar 28, 2024Dyadic International, Inc. announced that they will report fiscal year 2023 results on Mar 28, 2024
공시 • Nov 29Dyadic International, Inc. Announces Top-Line Results from Its Successful Phase 1 Clinical Trial for A First-In-Human Filamentous Fungal-Based Vaccine CandidateDyadic International, Inc. announced successful top-line results for the Phase 1 clinical trial of its recombinant protein RBD vaccine candidate, DYAI-100. This marks the first-in-human use of a recombinant protein vaccine expressed by Dyadic's C1- cell expression platform. The Phase 1 clinical trial was a double-blind placebo-controlled safety study of 30 healthy adults conducted in collaboration with Dyadic's South Africa licensee Rubic One Health ("Rubic"). In late 2022, Dyadic received regulatory approval of its Clinical Trial Application (CTA) from the South African Health Products Regulatory Authority (SAPHRA) to conduct the Phase I clinical trial for an antigen produced using its C1-cell protein expression platform. The primary endpoint of the study was to demonstrate the safety and reactogenicity of recombinant proteins. The C1 SARS-CoV-2 RBD single booster vaccine was administered at two dose levels. Top-line safety data confirmed that the study met its primary endpoint demonstrating that both dose levels are safe and well tolerated and that the vaccine produced immune responses at both dose levels.
New Risk • Nov 15New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$6.9m Forecast net loss in 2 years: US$12m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.5m free cash flow). Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$12m net loss in 2 years). Revenue is less than US$5m (US$3.0m revenue). Market cap is less than US$100m (US$49.3m market cap).
Reported Earnings • Nov 10Third quarter 2023 earnings: EPS in line with expectations, revenues disappointThird quarter 2023 results: US$0.056 loss per share (improved from US$0.064 loss in 3Q 2022). Revenue: US$397.1k (down 55% from 3Q 2022). Net loss: US$1.61m (loss narrowed 11% from 3Q 2022). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Oct 25Consensus revenue estimates increase by 25%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$3.40m to US$4.25m. Forecast losses expected to reduce from -US$0.25 to -US$0.23 per share. Biotechs industry in the US expected to see average net income decline 5.1% next year. Consensus price target of US$7.50 unchanged from last update. Share price fell 10% to US$1.61 over the past week.
New Risk • Oct 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.4% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$6.8m net loss in 2 years). Revenue is less than US$5m (US$3.4m revenue). Market cap is less than US$100m (US$47.5m market cap).
Reported Earnings • Aug 11Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: US$0.075 loss per share (improved from US$0.12 loss in 2Q 2022). Revenue: US$837.2k (up 27% from 2Q 2022). Net loss: US$2.15m (loss narrowed 35% from 2Q 2022). Revenue missed analyst estimates by 36%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings.
공시 • Jul 28Dyadic International, Inc. to Report Q2, 2023 Results on Aug 09, 2023Dyadic International, Inc. announced that they will report Q2, 2023 results on Aug 09, 2023
공시 • Jul 25Dyadic International, Inc Provides Phase 1 Clinical Trial Update for its Recombinant Protein RBD Vaccine CandidateDyadic International, Inc. provided an update regarding its Phase 1 Clinical Trial for its DYAI-100 COVID-19 recombinant protein receptor binding domain (RBD) booster vaccine candidate. An interim analysis of the Day 29 data for both the low and high dose groups by the Data Safety Monitoring Board (DSMB) determined there were no major vaccine-related safety concerns. As previously reported, no Serious Adverse Events or Adverse Events of Special Interest have been reported to date. Preliminary immunogenicity data has shown that DYAI-100 vaccine produced an immune response at both the low and high dosages. DYAI-100, also known as C1-SARS-CoV-2 RBD vaccine, is a novel receptor binding domain (RBD) recombinant protein booster vaccine candidate, highly expressed in Dyadic’s proprietary C1-cell protein production platform for the prevention of COVID-19. The C1-SARS-CoV-2 RBD vaccine drug product consists of the SARS-CoV-2 RBD adjuvanted with Alhydrogel 85® 2%. Dyadic’s Phase 1 randomized, double blind, placebo-controlled trial was designed as a first-in-human trial to assess the clinical safety and antibody response of DYAI-100, a C1-SARS-CoV-2 recombinant protein receptor binding domain (RBD) vaccine, produced using the C1-cell protein production platform, administered as a booster vaccine at two single dose levels (low dose and high dose cohorts) in healthy volunteers. The trial included healthy patients ages 18-55 in a randomization scheme of 4:1 (active: placebo) with fifteen subjects per cohort. Following the screening period there were eight scheduled clinic visits with the first six visits occurring within the first 29 days and two follow-up visits on Days 90 and 180. Safety data was collected throughout the trial and immunogenicity assessments were scheduled on patient visits 1, 4, 5, 6 and the two follow up visits on Days 90 and 180. A full study report is expected to be available in the second half of 2023.
Major Estimate Revision • May 26Consensus revenue estimates increase by 74%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$3.50m to US$6.10m. Forecast losses expected to reduce from -US$0.25 to -US$0.14 per share. Biotechs industry in the US expected to see average net income decline 82% next year. Consensus price target of US$7.50 unchanged from last update. Share price was steady at US$2.06 over the past week.
Reported Earnings • May 11First quarter 2023 earnings released: US$0.033 loss per share (vs US$0.088 loss in 1Q 2022)First quarter 2023 results: US$0.033 loss per share (improved from US$0.088 loss in 1Q 2022). Revenue: US$978.1k (up 51% from 1Q 2022). Net loss: US$956.4k (loss narrowed 62% from 1Q 2022). Revenue is expected to decline by 8.8% p.a. on average during the next 2 years, while revenues in the Biotechs industry in the US are expected to grow by 19%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 31Full year 2022 earnings: EPS in line with expectations, revenues disappointFull year 2022 results: US$0.34 loss per share (improved from US$0.47 loss in FY 2021). Revenue: US$2.93m (up 22% from FY 2021). Net loss: US$9.74m (loss narrowed 26% from FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Biotechs industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
분석 기사 • Mar 14Is Dyadic International (NASDAQ:DYAI) In A Good Position To Deliver On Growth Plans?We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
공시 • Jan 25Dyadic International, Inc. Initiates Dosing of First-In-Human Phase 1 Trial to Demonstrate Clinical Safety and Antibody Response in Humans for DYAI-100 COVID-19 Recombinant Protein RBD Booster Vaccine CandidateDyadic International, Inc. announced that, in line with the timing announced during management’s Third Quarter earnings call, it has initiated dosing in its Phase 1 clinical trial to demonstrate clinical safety and antibody response in humans for the DYAI-100 COVID-19 recombinant protein receptor binding domain (RBD) booster vaccine candidate. The Phase 1 randomized, double blind, placebo-controlled trial is designed as a first-in-human trial to assess the clinical safety and antibody response of DYAI-100, a C1-SARS-CoV-2 recombinant protein RBD vaccine, produced using the C1 platform, administered as a booster vaccine at two single dose levels in healthy volunteers. Following the regulatory approval from the South African Health Products Regulatory Authority (SAHPRA) in late 2022, site preparations and patient recruitment was commenced in South Africa for initiation of the Phase 1 clinical trial and the first dosing for eligible patients began during the week of January 9th. The trial will include healthy patients ages 18-55 in a randomization scheme of 4:1 with 15 subjects per cohort. Following the screening period there are 8 scheduled clinic visits with the first 6 visits occurring within the first 29 days and two follow up visits on Days 90 and 180. Safety data will be collected throughout the trial and immunogenicity assessments are scheduled on patient visits 1, 4, 5, 6 and the two follow up visits on Days 90 and 180. Dosing for the trial is expected to be completed within the first quarter of 2023, with a full study report being available later this year.
공시 • Jan 20An unknown buyer acquired 1.99% stake in Alphazyme LLC from Dyadic International, Inc. (NasdaqCM:DYAI) for $1.27 million.An unknown buyer acquired 1.99% stake in Alphazyme LLC from Dyadic International, Inc. (NasdaqCM:DYAI) for $1.27 million on January 19, 2023.An unknown buyer completed the acquisition of 1.99% stake in Alphazyme LLC from Dyadic International, Inc. (NasdaqCM:DYAI) on January 19, 2023.
Major Estimate Revision • Nov 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$6.55m to US$3.65m. EPS estimate increased from -US$0.35 to -US$0.34 per share. Biotechs industry in the US expected to see average net income decline 94% next year. Consensus price target of US$7.50 unchanged from last update. Share price fell 11% to US$1.83 over the past week.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Additional Independent Director Patrick Lucy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Nov 12Consensus revenue estimates fall by 53%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$6.55m to US$3.10m. Forecast losses increased from -US$0.35 to -US$0.37 per share. Biotechs industry in the US expected to see average net income decline 62% next year. Consensus price target of US$7.50 unchanged from last update. Share price fell 13% to US$1.89 over the past week.
공시 • Oct 28+ 1 more updateDyadic Receives Regulatory Approval to Initiate Phase 1 Clinical Trial to Demonstrate Clinical Safety and Efficacy in Humans for Dyai-100 Covid-19 Recombinant Protein Rbd Booster Vaccine CandidateDyadic International, Inc. announced that it has received regulatory approval of a Clinical Trial Application (CTA) from the South African Health Products Regulatory Authority (SAHPRA) to initiate a Phase 1 clinical trial of the DYAI-100 COVID-19 Receptor Binding Domain (RBD) booster vaccine. The Phase 1 randomized, double blind, placebo-controlled trial is designed to demonstrate clinical safety and preliminary efficacy of the DYAI-100, COVID-19 recombinant protein RBD booster vaccine candidate. Preparations are now underway to initiate the Phase 1 clinical trial to evaluate the safety and immunogenicity of the vaccine, with current plans to begin enrolling patients later this year in South Africa.
분석 기사 • Oct 28Is Dyadic International (NASDAQ:DYAI) In A Good Position To Invest In Growth?Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Major Estimate Revision • Aug 17Consensus revenue estimates fall by 31%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$9.50m to US$6.55m. Forecast losses increased from -US$0.28 to -US$0.35 per share. Biotechs industry in the US expected to see average net income decline 57% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 10% to US$2.96 over the past week.
Breakeven Date Change • Aug 12Forecast to breakeven in 2023The analyst covering Dyadic International expects the company to break even for the first time. New forecast suggests losses will reduce by 20% to 2022. The company is expected to make a profit of US$3.60m in 2023. Average annual earnings growth of 7.3% is required to achieve expected profit on schedule.
공시 • Jul 28Dyadic International, Inc. to Report Q2, 2022 Results on Aug 10, 2022Dyadic International, Inc. announced that they will report Q2, 2022 results on Aug 10, 2022
분석 기사 • Jun 21Here's Why We're Watching Dyadic International's (NASDAQ:DYAI) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, although...
Major Estimate Revision • May 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$10.4m to US$9.50m. 2022 losses expected to reduce from -US$0.35 to -US$0.28 per share. Biotechs industry in the US expected to see average net income decline 52% next year. Consensus price target of US$7.50 unchanged from last update. Share price rose 2.4% to US$2.13 over the past week.
Price Target Changed • May 14Price target decreased to US$7.50Down from US$8.50, the current price target is an average from 2 analysts. New target price is 241% above last closing price of US$2.20. Stock is down 41% over the past year. The company is forecast to post a net loss per share of US$0.28 next year compared to a net loss per share of US$0.47 last year.
Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: US$0.088 loss per share (up from US$0.12 loss in 1Q 2021). Revenue: US$648.4k (up 41% from 1Q 2021). Net loss: US$2.49m (loss narrowed 24% from 1Q 2021). Revenue missed analyst estimates by 57%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the next year, revenue is forecast to grow 334%, compared to a 25% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.
공시 • May 10Dyadic International, Inc. Announces Successful Toxicology Data Published in Toxicologic PathologyDyadic International, Inc. announced the successful results and data received from the toxicology study of its DYAI-100 COVID-19 vaccine candidate. “Toxicity and Local Tolerance of a Novel Spike Protein RBD Vaccine Against SARS-CoV-2, Produced Using the C1 Thermothelomyces Heterothallica Protein Expression Platform" has been published in “Toxicologic Pathology” 2022, Vol. 50(3) 1–14”, an international peer-reviewed scientific journal. The toxicology study was performed under GLP Tox conditions by Covance’s Envigo CRS Israel Ltd. The paper summarizes the successful toxicological evaluation of Dyadic’s DYAI-100, Recombinant Protein RBD (Receptor Binding Domain) COVID-19 vaccine candidate, which was conducted under GLP conditions in a standardized accepted animal model for New Zealand White (NZW) rabbits. The NZW rabbits were repeatedly administered intramuscularly for a total of four administrations 1 week apart supporting a three-shot vaccination. No signs of toxicity were observed, including no injection site reactions. Starting from day 13 post-injection, ELISA studies revealed SARS-CoV-2 specific IgG antibodies were further elevated in the sera of the animals vaccinated. Histopathology evaluation and IHC staining revealed follicular hyperplasia, consisting of B-cell type, in the spleen and inguinal lymph nodes of the treated animals that were sustained throughout the recovery phase.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. Additional Independent Director Patrick Lucy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 27Dyadic International, Inc. Announces Executive ChangesOn April 22, 2022, Dyadic International, Inc. decided not to renew the consulting agreement the Company entered into with Novaro Ltd. to engage Matthew Jones as its Managing Director of Business Development and Licensing. Accordingly, Mr. Jones will cease providing services to the Company as its Managing Director of Business Development and Licensing, effective July 21, 2022. Mr. Jones’ responsibilities for commercialization and business development will be transitioning to new Chief Business Officer, Joe Hazelton.
Major Estimate Revision • Apr 05Consensus revenue estimates fall by 42%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$17.9m to US$10.4m. Forecast losses increased from -US$0.23 to -US$0.35 per share. Biotechs industry in the US expected to see average net income decline 47% next year. Consensus price target down from US$8.50 to US$8.00. Share price fell 17% to US$2.75 over the past week.
Reported Earnings • Mar 30Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: US$0.47 loss per share (down from US$0.34 loss in FY 2020). Revenue: US$2.40m (up 50% from FY 2020). Net loss: US$13.1m (loss widened 40% from FY 2020). Revenue missed analyst estimates by 70%. Earnings per share (EPS) exceeded analyst estimates by 24%. Over the next year, revenue is forecast to grow 643%, compared to a 65% growth forecast for the pharmaceuticals industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
공시 • Jan 22Dyadic International, Inc. Introduces Novel Method to Produce Synthetic Cannabinoids and Precursors Utilizing C1 Cell Line Production Platform and Patent Pending ProcessDyadic International, Inc. announced its industrially proven C1-cells have been engineered to demonstrate the potential to manufacture therapeutically viable and commercially useful cannabis compounds including cannabidiol (CBD) and its precursors using synthetic biology. C1-cells have the potential to be an easy way to produce pure synthetic cannabinoids for commercial use cheaper and more effectively as compared to conventional extraction methods utilizing hemp and the marijuana plant, Cannabis sativa. While synthetic cannabinoid compounds have been approved by the FDA, the chemical synthesis is relatively costly, and can involve the use of chemicals that are not environmentally friendly, and, most importantly, various chemically synthesized cannabinoids have been classified as less pharmacologically active as those extracted from plants such as the sativa strain of cannabis. Dyadic’s synthetic biology cannabinoid C1 production process has the potential to develop commercially viable biological methods of producing CBD, such as cannabigerolic acid (CBGA), cannabigerovarinic acid (CBGVA), tetrahydrocannabinolic acid (THCA), cannabidiolic acid (CBDA), and cannabidivarinic acid (CBDVA) and uses thereof for producing said precursors and cannabinoids.
공시 • Dec 23Dyadic International, Inc. Announces A National Institute for Innovation in Manufacturing Biopharmaceuticals Coronavirus Grant Under the White House’s American Rescue PlanDyadic International, Inc. announced it is the recipient of one of thirty-two project grants awarded by the National Institute for Innovation in Manufacturing Biopharmaceuticals funded through the White House’s American Rescue Plan. Under the NIIMBL grant, Dyadic will receive up to $690,000 in funding to engineer the Company’s proprietary and patented C1 thermophilic fungal (Thermothelomyces heterothallica) protein production platform to produce two different antibodies. NIIMBL members include large and small companies, academic institutions, non-profits, and federal agency partners who are well-equipped to significantly strengthen the nation’s preparedness and response to public health crises. Through the ARP funding, NIIMBL has selected projects that will: Provide testbeds for process development, for next generation manufacturing approaches, and for drug product manufacturing approaches that provide access to industrially relevant equipment and facilities for pre-competitive manufacturing innovation; Support the development of significantly improved methods for vaccine production, quality, and distribution, including mRNA and other vaccine platforms; Demonstrate rapid scaling for production of coronavirus antigens and medical countermeasures for variants of concern; Train a diverse biopharmaceutical manufacturing workforce; Demonstrate the concept of mobile Good Manufacturing Practices capabilities to support mRNA vaccine and gene therapy production. Dyadic’s project grant is intended to benchmark the speed that the C1 manufacturing platform will have when compared to current methods, which could lead to a rapid ability to produce medical countermeasures and vaccines in response to future pandemics.
Breakeven Date Change • Dec 22Forecast to breakeven in 2023The 2 analysts covering Dyadic International expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 15% per year to 2022. The company is expected to make a profit of US$3.55m in 2023. Average annual earnings growth of 75% is required to achieve expected profit on schedule.
