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Calyxt reveals increase in 1Q revenue due to high demand for oleic soybean products

Calyxt Inc (NASDAQ:CLXT) CEO Jim Blome tells Proactive it saw revenue leap 1,414% year-over-year on the back of a favorable product mix driven by high oleic soybean products, including oil and meal.

Blome says first-quarter results saw the Roseville, Minnesota-based company post revenue of $2.4 million, an increase of $2.2 million from the first quarter of 2019.

Quick facts: Calyxt

Price: 7.34 USD

NASDAQ:CLXT
Market: NASDAQ
Market Cap: $272.06 m
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