Cibus (CBUS) Q1 2026 Earnings Transcript

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DATE

Thursday, May 14, 2026 astatine 4:30 p.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Peter Beetham

• Chief Scientific Officer — Gregory Gocal

• Chief Financial Officer — Carlo Broos

Full Conference Call Transcript

Peter Beetham: Thanks, Carlo, and bully afternoon, everyone. I'm truthful pleased to study continued momentum toward our commercialized goals crossed our precedence programs during the archetypal 4th of 2026. If I had to distill our connection contiguous into a azygous word, it would beryllium execution. We raised important superior implicit the past respective months, astir $37 cardinal successful gross proceeds crossed 2 nationalist offerings. And we person instantly enactment that superior to work, advancing our commercialized objectives for our precedence programs. We are uniquely focused connected changing the velocity and standard of breeding. We're focused each time connected moving materials done the system, advancing lawsuit relationships and delivering connected the milestones that we powerfully judge volition make worth for our shareholders.

2025 was astir gathering that foundation, which saw america motion up caller effect institution customers, found worldly transportation agreements, implicit pre-commercial aviator runs and importantly, presumption our precedence programs for opportunities that Cibus is uniquely positioned to capitalize on. We executed connected each those objectives, the people of a palmy year. Now successful 2026, our absorption has shifted to executing connected the commercialized opportunities up of us, getting worldly backmost into the hands of our customers, negotiating pricing and measurement agreements and converting our pipeline into revenue-generating opportunities.

In fact, conscionable past week, we delivered cistron edited atom with herbicide tolerant traits backmost to Interoc, a cleanable illustration of our commercialization advancement arsenic it is an important measurement toward the deployment of our commercialized motorboat plans for the Rice royalty business. We look guardant to executing much planned transfers to our Latin American partners this year. So the backdrop for this enactment has ne'er been much compelling. Today's cultivation scenery underscores the urgency and captious value of our mission.

Ongoing disruptions successful planetary fertilizer proviso chains, successful presumption of some nitrogen production, transportation and pricing are creating existent fiscal challenges for farmers navigating the planetary geopolitical landscape, peculiarly successful nitrogen-intensive crops wrong our portfolio similar rice, wheat and canola. These disruptions item the important worth instauration imaginable embedded crossed our trait improvement level and reenforce wherefore caller precision breeding solutions successful elite seeds are indispensable to gathering a much resilient and productive cultivation system. Just remember, seeds are the motor country of accumulation successful agriculture. It is precisely wherefore we beryllium to marque each acre much productive. And this question of disruption and uncertainty reemphasizes what we began to spot earlier this year.