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DewDiligence

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DewDiligence

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Re: DewDiligence post# 237840

Tuesday, 08/03/2021 5:00:43 PM

Tuesday, August 03, 2021 5:00:43 PM

Post# of 257443
ZY -75%/AH on shocking business update:

https://www.globenewswire.com/news-release/2021/08/03/2274125/0/en/Zymergen-Provides-Business-Update.html

Zymergen recently became aware of issues with its commercial product pipeline that will impact the Company’s delivery timeline and revenue projections. Accordingly, the Company no longer expects product revenue in 2021, and expects product revenue to be immaterial in 2022.

ZY went public only three months ago (#msg-163354411); I commented then on how vague the corporate mission statement was. Maybe that was a red flag.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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