Robert Hoffman's questions to DYADIC INTERNATIONAL (DYAI) leadership • Q2 2025
Question
Robert Hoffman of Princeton Opportunity Management asked about potential conflicts with DuPont given Dyadic's renewed focus on industrial applications, requested the fully diluted share count post-offering, and sought clarification on the addressable market sizes for key products.
Answer
CEO Mark Emalfarb assured that there is no conflict with DuPont, as the non-compete has expired and Dyadic is using its new DAPIVIS platform, not the C1 platform sold to DuPont. CFO Ping Rawson and Mr. Emalfarb confirmed the share count is approximately 36 million. President & COO Joe Hazelton directed Mr. Hoffman to the investor presentation for detailed market data, noting the recombinant cell culture media market is a $5-6 billion opportunity.