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home / news releases / ZY - Zymergen Seeks Turnaround But Runway Is Running Low

ZY - Zymergen Seeks Turnaround But Runway Is Running Low

Zymergen Inc.
  • Zymergen went public in April 2021, raising around $500 million in an IPO.
  • The firm designs advanced materials technologies to improve manufacturing processes.
  • ZY has been decimated by the market after no revenue in 2021/2022 and the sudden departure of its CEO.
  • While the firm has been restructured, it only has one year of cash runway, which isn't much for a zero revenue and high operating loss company.

For further details see:

Zymergen Seeks Turnaround But Runway Is Running Low
Stock Information
Company Name: Zymergen Inc.
Stock Symbol: ZY
Market: NASDAQ
Website: zymergen.com
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