EXOZ on Nasdaq
EXOZYMES INC.
American biological products company that raised $12,000 in 2024 (SEC Form D). Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerEXOZ on Nasdaq1
- IndustryBiological Products, (No Diagnostic Substances)1
- HeadquartersMonrovia, California1
- Incorporated inNV2
- Business address750 Royal Oaks Dr, Monrovia, Ca 910162
- Filer category, Emerging growth company2
- Legal formCorporation
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Inc. has also received grants from two non-government sources. One of the grants was from the Gates Foundation for work on terpene synthesis.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Research and development93¢$527.5K
- Income tax7¢$42.3K
Out of $70.1K in revenue.45 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Compensation | $3.6M | $2.5M | |
| Professional fees | $1.4M | $1.2M | |
| Information technology | $96.0K | $38.7K | |
| General and administrative-other | $836.1K | $329.7K | |
| Total general and administrative costs | $6.0M | $4.1M | |
| Research and development costs | $3.7M | $1.9M | |
| Total operating costs | $9.7M | $5.9M | |
| Net operating loss | -$9.7M | -$5.9M | |
| Interest income, net | $363.8K | $77.6K | |
| Other income/(expense) | $88.7K | -$6.8K | |
| Change in fair value of SAFE | -$8 | ||
| Loss before income taxes | -$9.3M | -$5.9M | |
| Income tax benefit | $105.2K | -$42.3K | |
| Net loss | -$9.2M | -$5.9M | |
| Net loss per common share - basic | -$1.09 | -$0.89 | |
| Net loss per common share - diluted | -$1.09 | -$0.89 | |
| Weighted average of common shares outstanding - basic | 8.4M shares | 6.6M shares | |
| Weighted average of common shares outstanding - diluted | 8.4M shares | 6.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $3.0M | $9.7M | |
| Grants receivable | $517.4K | $737.3K | $882.3K |
| Prepaid expenses and other current assets | $382.9K | $363.8K | |
| Total current assets | $3.9M | $10.8M | |
| Property and equipment, net | $764.4K | $882.4K | |
| Operating lease right-of-use asset, net | $1.1M | $1.3M | |
| Finance lease right-of-use asset, net | $108.7K | ||
| Tax receivable | $105.2K | ||
| Total assets | $6.0M | $13.0M | |
| Accounts payable | $1.2M | $924.3K | |
| Due to affiliates | $5.3K | $179.0K | |
| Operating lease liabilities Current | $282.0K | $230.0K | |
| Finance lease liabilities Current | $44.3K | ||
| Total current Liabilities | $1.6M | $1.3M | |
| Deferred grant reimbursement | $90.4K | $123.6K | |
| Operating lease liabilities - Long term | $852.6K | $1.2M | |
| Finance lease liabilities - Long term | $64.4K | ||
| Total liabilities | $2.6M | $2.6M | |
| Common shares, 100,000,000 authorized shares at $0.000001; 8,406,681 and 8,367,810 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | $8 | $8 | |
| Additional Paid-in-capital | $24.5M | $22.4M | |
| Accumulated (deficit) | -$21.1M | -$11.9M | |
| Total stockholders equity | $3.4M | $10.4M | -$384.3K |
| Total liabilities and stockholders equity (deficit) | $6.0M | $13.0M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares issued | 8.4M shares | 8.4M shares | |
| Common stock, shares outstanding | 8.4M shares | 8.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $3.0M | $9.7M | |
| Grants receivable | $517.4K | $737.3K | $882.3K |
| Prepaid expenses and other current assets | $382.9K | $363.8K | |
| Total current assets | $3.9M | $10.8M | |
| Property and equipment, net | $764.4K | $882.4K | |
| Operating lease right-of-use asset, net | $1.1M | $1.3M | |
| Finance lease right-of-use asset, net | $108.7K | ||
| Tax receivable | $105.2K | ||
| Total assets | $6.0M | $13.0M | |
| Accounts payable | $1.2M | $924.3K | |
| Due to affiliates | $5.3K | $179.0K | |
| Operating lease liabilities Current | $282.0K | $230.0K | |
| Finance lease liabilities Current | $44.3K | ||
| Total current Liabilities | $1.6M | $1.3M | |
| Deferred grant reimbursement | $90.4K | $123.6K | |
| Operating lease liabilities - Long term | $852.6K | $1.2M | |
| Finance lease liabilities - Long term | $64.4K | ||
| Total liabilities | $2.6M | $2.6M | |
| Common shares, 100,000,000 authorized shares at $0.000001; 8,406,681 and 8,367,810 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | $8 | $8 | |
| Additional Paid-in-capital | $24.5M | $22.4M | |
| Accumulated (deficit) | -$21.1M | -$11.9M | |
| Total stockholders equity | $3.4M | $10.4M | -$384.3K |
| Total liabilities and stockholders equity (deficit) | $6.0M | $13.0M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares issued | 8.4M shares | 8.4M shares | |
| Common stock, shares outstanding | 8.4M shares | 8.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$9.2M | -$5.9M |
| Amortization of Deferred Grant Reimbursement | -$52.9K | -$54.4K |
| Depreciation of property and equipment | $288.0K | $267.4K |
| Non-cash lease expense | $53.4K | $35.0K |
| Stock-based compensation | $2.0M | $1.1M |
| Change in fair value of SAFE | $8 | |
| Grants receivable | $219.9K | $145.0K |
| Prepaid expenses and other current assets | -$19.1K | -$99.0K |
| Tax receivable | -$105.2K | |
| Accounts payable and accrued expenses | $311.1K | $221.3K |
| Due to related party | -$26.5K | -$4.2M |
| Tax payable | -$42.3K | |
| Net cash (used in) operating activities | -$6.5M | -$8.5M |
| Deferred grant reimbursement | $19.7K | $37.2K |
| Purchases of property and equipment | -$169.9K | -$396.5K |
| Net cash (used in) investing activities | -$150.2K | -$359.2K |
| Issuance of common shares | $14.5M | |
| Related Party Note | $4.0M | |
| Issuance of Warrants for Private placement | $11.8K | |
| Payments on finance lease obligations | -$27.7K | |
| Net cash provided by (used in) financing activities | -$27.7K | $18.5M |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS | -$6.7M | $9.7M |
| Interest Expense | $6.3K | |
| Conversion of SAFE Note to common shares | $1.0M | |
| Related party debt forgiveness | $147.1K | |
| Right-of-use assets obtained in exchange for new lease liabilities | $136.4K |
No quarter-by-quarter statement was filed.
Leadership
Who has led EXOZYMES INC., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerMichael Heltzen Nov 18, 2024 to now8
- ChairMohammad Hayat Nov 18, 2024 to Nov 18, 20249
- PresidentMohammad Hayat Nov 18, 2024 to Nov 18, 20249
Board members and other officers (9)
- Chief Commercial OfficerDamien Alan Perriman Apr 8, 2026 to now10
- Vice President, FinanceFouad Nawaz Nov 18, 2024 to now11
- Vice President, DevelopmentPaul Hideo Opgenorth Nov 18, 2024 to now12
- Vice President, ResearchTyler Paz Korman Nov 18, 2024 to now13
- Board memberEdgardo Javier Rayo Mar 25, 2025 to now14
- Board memberAnthony Digiandomenico Nov 18, 2024 to Nov 18, 202415
- Board memberChristopher A. Marlett Nov 18, 2024 to Nov 18, 202416
- Board memberJames Ulrich Bowie Nov 18, 2024 to Nov 18, 202417
- Board memberLon E. Bell Nov 19, 2024 to Nov 19, 202418
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorJames Lalonde named Nov 19, 202419
Former names
- Invizyne Technologies IncFeb 9, 2024 to Jan 21, 20252
Timeline
- Nov 18, 2024New chief executive Michael Heltzen becomes CEO8
Filings
120 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 22 major events, 32 insider forms, 4 large holders, 1 private raises, 53 other. The latest 20:
- Oct 9, 20268-K EDGAR
- Sep 28, 2026DEFA14A EDGAR
- Sep 28, 2026DEF 14A EDGAR
- Sep 18, 20268-K EDGAR
- Sep 17, 20264 EDGAR
- Sep 2, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 13, 202610-Q EDGAR
- Jul 1, 20268-K EDGAR
- Jun 30, 2026424B5 EDGAR
- Jun 26, 20268-K EDGAR
- Jun 17, 20268-K EDGAR
- Jun 8, 20268-K EDGAR
- Jun 8, 2026424B5 EDGAR
- Jun 4, 2026424B5 EDGAR
- May 29, 2026424B5 EDGAR
- May 14, 202610-Q EDGAR
- May 7, 20268-K EDGAR
- Apr 10, 20268-K EDGAR
The 120 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
8 open-market trades by officers, directors and large owners since October 2021: 6 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Heltzen MichaelChief Executive Officer | Buy | 505 | $7.48 | $3.8K | Form 4 |
| Aug 25, 2026 | Heltzen MichaelChief Executive Officer | Buy | 350 | $7.51 | $2.6K | Form 4 |
| Apr 9, 2026 | Korman Tyler PazChief Scientific Officer | Sale | 750 | $10.53 | $7.9K | Form 4 |
| Apr 8, 2026 | Korman Tyler PazChief Scientific Officer | Sale | 750 | $10.04 | $7.5K | Form 4 |
| Jul 2, 2025 | Heltzen MichaelChief Executive Officer | Buy | 1,040 | $10.22 | $10.6K | Form 4 |
| Jan 17, 2025 | Heltzen MichaelChief Executive Officer | Buy | 1,767 | $10.78 | $19.0K | Form 4 |
| Jan 16, 2025 | Heltzen MichaelChief Executive Officer | Buy | 121 | $10.72 | $1.3K | Form 4 |
| Nov 15, 2024 | Heltzen MichaelChief Executive Officer | Buy | 1,984 | $11.10 | $22.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Christopher A. MarlettSC 13D, 1 filing Nov 18, 202420
- James Ulrich BowieSC 13D, 1 filing Nov 18, 202421
- Paul Hideo OpgenorthSC 13D, 1 filing Nov 18, 202422
- Tyler Paz KormanSC 13D, 1 filing Nov 18, 202423
Money raised
Private offerings the company reported to the SEC on Form D.
- Nov 14, 2024Raised $11,718 in a private offering of securities Form D: 2 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 54,985 | $463.5K | 0.0% | +32,795 |
| Davidson Kahn Capital Management, LLC | 25,000 | $210.8K | 0.1% | New |
| Geode Capital Management, LLC | 23,406 | $197.3K | 0.0% | +1,515 |
| BlackRock, Inc. | 9,610 | $81.0K | 0.0% | +2,813 |
| Vanguard Fiduciary Trust Co | 9,426 | $79.5K | 0.0% | No change |
| Morgan Stanley | 1,250 | $10.5K | 0.0% | No change |
| Tower Research Capital LLC (TRC) | 349 | $2.9K | 0.0% | −968 |
| UBS Group AG | 203 | $1.7K | 0.0% | +179 |
| Barclays PLC | 75 | $632 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGAREXOZYMES INC. filings on SEC EDGAR
- 2SEC EDGAREXOZYMES INC. filings on SEC EDGAR
- 3
- 4SEC EDGAREXOZYMES INC. 10-K for fiscal 2023
- 5SEC EDGAREXOZYMES INC. 10-K for fiscal 2023
- 6SEC EDGAREXOZYMES INC. 10-Q for fiscal 2026
- 7SEC EDGAREXOZYMES INC. 10-Q for fiscal 2026
- 8
- 9SEC EDGARMohammad Hayat, Chair
- 10
- 11SEC EDGARFouad Nawaz, Vice President, Finance
- 12
- 13
- 14SEC EDGAREdgardo Javier Rayo, Board member
- 15SEC EDGARAnthony Digiandomenico, Board member
- 16SEC EDGARChristopher A. Marlett, Board member
- 17SEC EDGARJames Ulrich Bowie, Board member
- 18SEC EDGARLon E. Bell, Board member
- 19
- 20
- 21
- 22
- 23