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Ginkgo Bioworks sees FY22 revenue $425M-$440M, consensus $435.34M

Previous view was $460M-$480M. Ginkgo expects to add 55-60 new Cell Programs to the Foundry platform in 2022. Ginkgo further revised its expectation for Total revenue from $425 – $440 million to $460 – $480 million in 2022. While Biosecurity remains an uncertain business, based on strong year-to-date performance Ginkgo now expects Biosecurity revenue in 2022 of at least $310 million.

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