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 www.calyxt.com/investors and a replay of the business presentation will be available on June 26, 2019.
