Ginkgo Bioworks Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
DNA$12.01-2.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Cell Engineering revenue (1) | $36,205 | $45,283 | $64,094 | $79,379 |
| Biosecurity revenue: | ||||
| Product | — | 10,788 | — | 22,454 |
| Service | 20,001 | 24,497 | 30,056 | 59,437 |
| Total revenue | 56,206 | 80,568 | 94,150 | 161,270 |
| Costs and operating expenses: | ||||
| Cost of Biosecurity product revenue | — | 2,034 | — | 6,575 |
| Cost of Biosecurity service revenue | 11,807 | 16,062 | 21,009 | 33,896 |
| Cost of other revenue | 1,914 | — | 1,914 | — |
| Research and development | 134,221 | 144,282 | 270,678 | 306,921 |
| General and administrative | 66,285 | 102,341 | 136,572 | 213,774 |
| Goodwill impairment | 47,858 | — | 47,858 | — |
| Restructuring charges | 17,066 | — | 17,066 | — |
| Total operating expenses | 279,151 | 264,719 | 495,097 | 561,166 |
| Loss from operations | (222,945) | (184,151) | (400,947) | (399,896) |
| Other income (expense): | ||||
| Interest income, net | 10,313 | 14,349 | 22,024 | 28,894 |
| Loss on equity method investments | — | (67) | — | (1,516) |
| Loss on investments | (6,826) | (2,121) | (9,370) | (8,491) |
| Change in fair value of warrant liabilities | 3,233 | (4,482) | 4,173 | (3,278) |
| Other income (expense), net | (766) | 3,224 | 1,249 | 6,152 |
| Total other income | 5,954 | 10,903 | 18,076 | 21,761 |
| Loss before income taxes | (216,991) | (173,248) | (382,871) | (378,135) |
| Income tax expense | 190 | 67 | 221 | 149 |
| Net loss | $(217,181) | $(173,315) | (383,092) | $(378,284) |
| Net loss per share, basic and diluted | $(0.11) | $(0.09) | $(0.19) | $(0.20) |
| Weighted average common shares outstanding: | ||||
| Basic | 2,054,801 | 1,933,437 | 2,029,630 | 1,924,251 |
| Diluted | 2,055,024 | 1,933,437 | 2,029,853 | 1,924,251 |
| Comprehensive loss: | ||||
| Net loss | $(217,181) | $(173,315) | $(383,092) | $(378,284) |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustment | (172) | 314 | (3,207) | 1,332 |
| Total other comprehensive (loss) income | (172) | 314 | (3,207) | 1,332 |
| Comprehensive loss | $(217,353) | $(173,001) | $(386,299) | $(376,952) |
(1)Includes related party revenue of $5,146 and $6,507 for the three months ended June 30, 2024 and 2023, respectively, and $5,819 and $11,212 for the six months ended June 30, 2024 and 2023, respectively.
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