Calyxt Reiterates 2019 Guidance and Gives Business Update During June 25 Investor Day

Minneapolis-St. Paul, Minn. – June 25, 2019 – Calyxt, Inc. (NASDAQ: CLXT), a healthy food ingredients company, will host an Investor & Analyst Day at the Company’s headquarters on Tuesday, June 25, 2019. During the event, the Company will reiterate its 2019 financial guidance and give a business update covering the following points:

  • Affirmation of 2019 guidance:
    • Projected FY 2019 revenue of $7-8 million
    • Projected FY 2019 cash burn of $3-3.5 million per month
    • Projected FY 2019 working capital of $2-3 million financed internally
  • Announcing more than one dozen customers for soybean meal and Calyno™ oil
  • Currently sold out of meal, with planned additional crush in July
  • Landus Cooperative represents future revenue opportunity on meal sales
  • Calyno™ oil is marketed through Sysco Foods, the previously announced broadline foodservice distributor
  • Grower planting progress of Calyxt High Oleic Soybean is in line with industry average

The presentation materials are available on and a replay of the business presentation will be available on June 26, 2019.  

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