Cibus, Inc. provided impairment charges guidance for the year ended December 31, 2023. As a result of the Company?s annual impairment analysis, the management of the company has determined that its goodwill and in-process R&D indefinite-lived intangible assets were impaired by an estimated $150.4 million and an estimated $99.0 million, respectively, for the year ended December 31, 2023. Accordingly, management expects to record a non-cash impairment charge of an estimated approximately $249.4 million for impairment of goodwill and in-process R&D indefinite-lived intangible assets in the consolidated financial statements for the year ended December 31, 2023.
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05-09 | Cibus, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
05-09 | Transcript : Cibus, Inc., Q1 2024 Earnings Call, May 09, 2024 |
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-10.44% | 405M | |
+12.06% | 225B | |
+12.07% | 186B | |
+13.88% | 135B | |
+27.12% | 107B | |
+0.91% | 63.56B | |
+6.74% | 51.32B | |
+13.39% | 51.04B | |
+8.81% | 43.3B | |
+4.14% | 36.99B |
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- Cibus, Inc. Provides Impairment Charges Guidance for the Year Ended December 31, 2023