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ZY - Zymergen: A Humbled Company With A Business On The Ropes
Zymergen Inc.
The stock for Zymergen Inc. has been in freefall since an initial recovery attempt following last year's disaster.
The company will run out of cash in 2023 and prospects for viability remain murky.
Of the many research and development projects underway, reconfigurable automation carts offer the most likely foundation for earning an 11th-hour infusion of cash.
The coming full-time CEO will have to hit the ground running with a major sense of urgency to pull Zymergen off the ropes.