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Precigen, Inc. (PGEN) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Precigen, Inc. (PGEN) Q4 2025 Earnings Call March 25, 2026 4:30 PM EDT

Company Participants

Steven Harasym – VP & Head of Investor Relations
Helen Sabzevari – President, CEO & Director
Phil Tennant – Chief Commercial Officer
Harry Thomasian – Chief Financial Officer
Rutul Shah – Chief Operating Officer

Conference Call Participants

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Jason Butler – Citizens JMP Securities, LLC, Research Division
Swayampakula Ramakanth – H.C. Wainwright & Co, LLC, Research Division
Brian Cheng
Michael DiFiore – Evercore ISI Institutional Equities, Research Division

Presentation

Operator

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Good afternoon, ladies and gentlemen, and welcome to the Precigen Full Year 2025 Financial Results and Business Updates Conference Call. [Operator Instructions] This call is recorded on Wednesday, March 25, 2026.

I would now like to turn the conference over to Steve Harasym. Please go ahead.

Steven Harasym
VP & Head of Investor Relations

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Thank you, operator, and thank you to all those joining us for our Fourth Quarter and Year-end 2025 Update Call. Joining me today are Helen Sabzevari, our President and CEO; Phil Tennant, our Chief Commercial Officer; and Harry Thomasian, our CFO.

Before we begin our prepared remarks, I remind everyone that we will be making certain forward-looking statements. These statements are based on our current expectations and beliefs. We encourage you to review the slide in the presentation and in our SEC filings, which include risks and uncertainties that could cause actual results to differ from today’s forward-looking statements.

With that, I will now turn the call over to Helen.

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Helen Sabzevari
President, CEO & Director

Thank you, Steve. I would like to extend a warm welcome to all those joining us for our update call today. In the short time since the early and full approval of PAPZIMEOS in August, the standard of care first-line treatment for adult RRP, we are seeing a tremendous progress with the first-ever therapeutic commercial launch

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Octopus boss: We've seen a 50% rise in solar panel sales since start of Iran war

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Octopus boss: We've seen a 50% rise in solar panel sales since start of Iran war

The UK giant is optimistic but chief executive Greg Jackson tells the BBC he is making contingency plans.

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GLP-1s primed to reshape food and beverage landscape

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Car-Sized Asteroid 2026 FM3 to Fly Past Earth Closer Than Moon Tonight

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A car-sized asteroid designated 2026 FM3 will make a relatively close flyby of Earth late Wednesday, passing at a distance of about 148,000 miles — roughly 60% of the average Earth-moon separation — but posing no risk of impact, NASA officials said.

The asteroid, roughly 15 feet (about 4.5 meters) across, will reach its closest approach at 10:07 p.m. EDT on March 24, or 0207 GMT on March 25, traveling at approximately 12,168 mph (19,580 km/h) relative to Earth. Discovered just days ago, the space rock highlights both the frequency of near-Earth object flybys and the improving capabilities of planetary defense networks to detect them early.

Image credit: Background: NASA JPL, NASA/STScI/J. DePasquale/A. Pagan. Inset: NEO
Image credit: Background: NASA JPL, NASA/STScI/J. DePasquale/A. Pagan. Inset: NEO Coordination Centre, ESA

NASA’s Jet Propulsion Laboratory in Pasadena, California, tracks thousands of near-Earth objects (NEOs) through its Center for Near-Earth Object Studies. Asteroid 2026 FM3 appears on the agency’s “Next Five Asteroid Approaches” list as a car-sized object, underscoring that small bodies routinely pass within lunar distances without threat. For context, the moon orbits Earth at an average of 238,855 miles (384,400 kilometers).

“This is a routine close approach for objects of this size,” said a NASA spokesperson. “Asteroids like 2026 FM3 are too small to cause damage even if they were on a collision course, as most would burn up in the atmosphere. Our monitoring systems confirm it will safely pass by.”

The asteroid belongs to the Apollo group of near-Earth asteroids, whose orbits cross Earth’s path around the sun. Such objects originate primarily from the main asteroid belt between Mars and Jupiter, perturbed over time by gravitational interactions with planets.

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At 15 feet wide, 2026 FM3 is comparable in size to a compact car. If it were to enter Earth’s atmosphere — which it will not — it would likely produce a bright fireball visible for hundreds of miles but cause no ground damage. Larger objects, roughly 80-100 feet across, are the threshold for potential regional effects, while those exceeding 0.6 miles (1 kilometer) could pose global hazards.

Wednesday’s flyby occurs amid heightened public interest in planetary defense. NASA’s Double Asteroid Redirection Test (DART) mission in 2022 successfully altered the orbit of a small moonlet, demonstrating that kinetic impactors could deflect hazardous asteroids years in advance. The agency’s NEO Surveyor mission, scheduled for launch later this decade, will enhance infrared detection of dark, hard-to-spot objects.

Amateur and professional astronomers may attempt to observe 2026 FM3, though its small size and rapid motion make it challenging for backyard telescopes. At closest approach, the asteroid will appear as a faint, fast-moving point of light requiring precise ephemeris data and dark skies. Professional observatories equipped with larger instruments or radar, such as those at Goldstone or Arecibo’s successor facilities, sometimes characterize such objects during close passes.

The discovery of 2026 FM3 came via the Zwicky Transient Facility at Palomar Observatory in California, part of a global network scanning the skies nightly for transient events. Many small asteroids are found only days or weeks before their closest approaches, yet orbital calculations quickly rule out impact risks.

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NASA maintains a catalog of more than 35,000 known NEOs, with roughly 2,300 classified as potentially hazardous asteroids (PHAs) — those larger than 460 feet (140 meters) whose orbits bring them within 4.65 million miles (7.5 million km) of Earth. Objects the size of 2026 FM3 fall well below PHA criteria and are monitored primarily for scientific value.

Close approaches like this one provide opportunities to study asteroid composition, rotation and surface properties. Radar observations during flybys can reveal shape, spin rate and even loose rubble-pile structures common among small bodies. Data from such encounters refine models of solar system formation and help assess long-term deflection strategies.

Wednesday’s event follows a string of recent small-asteroid flybys. In early March, a bus-sized object designated 2026 EG1 passed about 198,000 miles from Earth, closer than the moon, just days after discovery. Another bus-sized asteroid, 2026 FQ2, made a more distant pass on March 24 at over 1.5 million miles. These frequent encounters demonstrate that Earth resides in a dynamic cosmic neighborhood where small bodies pass harmlessly on a near-weekly basis.

Public fascination with asteroids has grown with missions like OSIRIS-REx, which returned samples from Bennu, and Japan’s Hayabusa2 from Ryugu. These primitive bodies contain clues to the solar system’s early chemistry and the delivery of water and organic molecules to early Earth.

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For skywatchers hoping to catch a glimpse, experts recommend checking astronomy apps or websites providing real-time tracking. However, 2026 FM3’s small size and speed mean it will not be visible to the naked eye. Those with moderate telescopes and accurate pointing data might detect it as a streaking dot against background stars.

The flyby occurs as global efforts to catalog and characterize NEOs accelerate. The International Asteroid Warning Network and Space Mission Planning Advisory Group coordinate responses to any future threats. No known asteroid larger than 100 feet poses an impact risk in the next century, according to current assessments.

Scientists emphasize that while Hollywood dramatizations often depict doomsday scenarios, the reality of small asteroid flybys is routine and educational. “These events remind us of the importance of continued vigilance and investment in planetary defense,” one astronomer noted. “Most asteroids are benign neighbors, but understanding them helps prepare for the rare larger threats.”

As 2026 FM3 speeds past Earth at more than 12,000 mph, it will continue its journey around the sun, returning for future approaches decades or centuries from now. Its brief visit offers a moment to appreciate the vastness of space and the technological prowess allowing detection of objects mere feet across millions of miles away.

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NASA and international partners continue refining detection and tracking systems. The Vera C. Rubin Observatory in Chile, set to begin full operations soon, will dramatically increase the discovery rate of NEOs, potentially finding thousands of new objects annually.

For now, residents of Earth can rest easy. The car-sized visitor will zip by harmlessly, a fleeting reminder of the solar system’s constant, mostly peaceful motion. Observers with clear skies and proper equipment may catch a scientific thrill, while the rest can simply marvel that humanity can spot and track a car-sized rock hurtling through space from millions of miles away.

After tonight’s encounter, attention will shift to the next listed approaches, including additional small objects on March 25. None currently pose any risk, continuing the pattern of safe passages that have protected Earth throughout human history.

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Thailand poised to gain from supply chain diversification amidst escalating global tensions

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Thailand can benefit from diversified supply chains due to global tensions, but Chris Humphrey emphasizes that political stability is crucial for effective regulatory reform.


Key Points

  • Thailand can benefit from supply chain diversification due to increasing global tensions.
  • Chris Humphrey, Executive Director of the EU-ASEAN Business Council, emphasizes that political stability is crucial for regulatory reform.
  • Humphrey shared insights during an interview with Franc Han Shih on The Nation Thailand’s business show, The Next Move.

Thailand’s Strategic Position in Global Supply Chains

Thailand is poised to capitalize on supply chain diversification as global tensions mount. With disruptions impacting traditional supply routes, Thailand’s geographical advantages and robust manufacturing base present significant opportunities for businesses seeking alternative sourcing locations. This shift in focus not only aims to secure supply chains but also seeks to attract foreign investments that can drive economic growth and resilience in the face of geopolitical challenges, reinforcing Thailand’s status as a vital player in the ASEAN region.


Political Stability as a Catalyst for Reform

Despite these advantages, political stability remains a crucial element for Thailand’s success in fostering an environment conducive to regulatory reform. Chris Humphrey, the Executive Director of the EU-ASEAN Business Council, emphasized this during an interview with Franc Han Shih on The Nation Thailand’s program, The Next Move.

He noted that sustained political stability enables the government to implement effective reglations that can further streamline business operations and bring more foreign investment. Without this stability, the potential benefits of supply chain diversification may not be fully realized, hindering progress in various sectors.

Source : Thailand stands to benefit from supply chain diversification amid rising global tensions. However, Chris Humphrey says political stability remains key to driving regulatory reform.

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The Gulf’s hub airports made long-distance travel cheaper – but now their future looks unclear.

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Private equity firm takes minority stake in Stellar Snacks

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Main Post Partners to fuel better-for-you pretzel maker’s growth.

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Lyft launches fuel savings plan for its drivers nationwide

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Lyft launches fuel savings plan for its drivers nationwide

Lyft is rolling out a temporary relief plan for its drivers across the U.S. as rising gas prices continue to cut into earnings.

The company announced Wednesday that the 60-day program will begin March 27 and run through May 26. Drivers can earn cash back and save on fuel when they use a Lyft Direct debit card at participating gas stations nationwide.

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“Gas prices have jumped significantly in the past few weeks, and we know that hits hardest for drivers who depend on driving for their income,” Lyft said in a statement. “When costs fluctuate, we know relief matters.”

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Lyft signage on a vehicle as it exits the ride-sharing pickup at San Francisco International Airport

Lyft’s program will begin on March 27 and run through May 26. (David Paul Morris/Bloomberg via Getty Images )

The plan gives top-tier drivers an extra 2% cash back on fuel, with mid-tier drivers getting an additional 1%. These incentives stack on top of existing rewards, which can total up to 10% depending on driver status.

Drivers can also save an extra 14 cents per gallon through Lyft’s partnership with the Upside app with the option to redeem points for further discounts.

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Altogether, Lyft estimates total savings could reach as much as 98 cents per gallon for its highest-performing drivers based on average U.S. gas prices of $3.97.

LYFT TO LAUNCH FEATURE FOR ELDERLY PASSENGERS LATER THIS YEAR

Sign for Lyft and Uber services at San Francisco International Airport in San Francisco, California. (Smith Collection/Gado/Getty Images)

As of Wednesday, gas prices hovered at around $3.98 per gallon, according to AAA.

“Drivers are feeling the cost of rising gas prices, which ultimately impacts their earnings,” Yuko Yamazaki, vice president and head of driver at Lyft, said in a statement. “When costs spike, we want drivers to choose Lyft because they feel like the platform works for them, not against them.”

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Gas prices have surged more than 30% in recent weeks, driven by global energy disruptions tied to the conflict involving Iran, according to Reuters. 

UBER ROLLS OUT NEW APP FEATURES TO MAKE RIDE HAILING EASIER FOR SENIORS

Lyft rideshare driver passes through the Second Street Tunnel

A Lyft driver passes through the Second Street Tunnel in downtown Los Angeles. (Bing Guan/Reuters)

Lyft also noted that drivers using electric vehicles can access separate charging incentives.

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The move follows a similar announcement from DoorDash earlier this week. 

Its program, running through April 26, combines cash-back incentives with weekly payments to help offset fuel costs for active Dashers.

FOX Business’ Amanda Macias contributed to this report.

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Framework to measure tech health of bourses on the cards

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Framework to measure tech health of bourses on the cards
Mumbai: The market regulator on Wednesday proposed a framework to measure the technology resilience of market infrastructure institutions such as stock exchanges.

Sebi has proposed the creation of an IT Resilience Index (ITRI) to monitor the health of their IT systems.

The move comes amid growing reliance on technology for trading, clearing and settlement, making system stability critical to market integrity.

Sebi said the index would give managements and oversight committees a clearer view of vulnerabilities, while also enabling comparisons across institutions.

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The ITRI will be computed using a standardised set of parameters with assigned weightages. Availability and security will carry the highest weight at 20% each, followed by integrity, governance, reliability and monitoring, business continuity, and modularity and flexibility at 10% each. Scalability and factors such as incident handling will have lower weights, the regulator said.


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