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Dyadic International Reports Profitable 2012 Full Year Financial Results
Date:3/7/2013

JUPITER, Fla., March 7, 2013 /PRNewswire/ -- Dyadic International, Inc. (OTC Pink: DYAI), a global biotechnology company focused on the discovery, development, manufacture and sale of enzymes and others proteins for the bioenergy, bio-based chemicals, biopharmaceutical and industrial enzyme industries, today announced financial results for the year ended December 31, 2012.

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Full Year 2012 Financial Highlights

  • Total Revenue increased 52%
  • License Fee Revenue increased 441%
  • Research and Development Revenue increased 25%
  • Product Related Revenue increased 6%
  • Gross Profit increased 121%
  • Total Expenses decreased 18%
  • Income from Operations of $1.6 million compared to a loss of $4.2 million in the prior year
  • Net Income of $1.3 million compared to a Net Loss of $4.7 million in the prior year
  • Full Year 2012 Operational Highlights

  • Licensing
  • Expanded license agreement with Abengoa New Technologies, Inc. ("Abengoa Bioenergy") for $5.5 million plus potential royalties and facility fees
  • Entered into a research, development and license agreement to use Dyadic's C1 platform technology to develop and produce enzymes for food applications
  • Research and Development
  • Demonstrated AlternaFuel® CMAX™ enzymes equal or exceed other industry-leading enzymes in converting biomass into fermentable sugars for the production of biofuels and bio-based chemicals
  • Successful verification of Dyadic's biofuels enzymes by SEKAB E-Technology in the ethanol demonstration plant in Sweden
  • Extended existing research projects funded by third parties in the areas of animal health and nutrition, food and biopharmaceuticals
  • Joined the Bio-
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  • SOURCE Dyadic International, Inc.
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