Biotech company Ginkgo Bioworks Holdings, Inc. (DNA) in Boston operates as a platform for cell programming. The company’s platform is used to program cells to enable the biological production of products such as novel therapeutics, food ingredients, and chemicals derived from petroleum. DNA serves various end markets, including specialty chemicals, agriculture, pharmaceuticals, and consumer products.
Analysts updated their earnings model after the company reported its yearly results, predicting its losses to decline to $0.16 per share this year. However, analysts had earlier predicted losses would decline to $0.12 per share, indicating an increase in loss per share expectations. The consensus revenue estimate held steady at $310.30 million.
