SEC Comment Letter for PRECIGEN, INC. (PGEN) (CIK 0001356090) (PGEN) — Aug 16, 2019
PRECIGEN, INC. (PGEN) (CIK 0001356090)
Date: Aug. 16, 2019 · CIK: 0001356090 · Accession: 0000000000-19-012541
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-36042
Letter
August 15, 2019 Rick Sterling Chief Financial Officer Intrexon Corporation 20374 Seneca Meadows Parkway Germantown, MD 20876 Re:Intrexon Corporation Form 10-K for the Fiscal Year Ended December 31, 2018 Filed March 1, 2019 Form 10-Q for the Quarter Ended June 30, 2019 Filed August 9, 2019 File No. 001-36042 Dear Mr. Sterling: We have reviewed your filings and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to the comment, we may have additional comments. Form 10-Q for the Quarter Ended June 30, 2019 Management's Discussion and Analysis of Financial Condition and Results of Operations, page 1.We note that as a result of the re-alignment of your business in April 2019, you now report multiple segments and include a discussion of your segment results that is limited to changes in your Segment Adjusted EBITDA. Please expand your disclosure to include a comparative discussion of the revenues generated by each of your reportable segments, the results of the operations that have been aggregated in the All Other segment and the unallocated corporate costs that are excluded from your segment results or tell us why you believe these disclosures are not required to provide a comprehensive analysis of your results of operations. Refer to Item 303(b) of Regulation S-K and SEC Release No. 33- 6835.
FirstName LastNameRick Sterling Comapany NameIntrexon Corporation August 15, 2019 Page 2 FirstName LastName Rick Sterling Intrexon Corporation August 15, 2019 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Steve Lo at 202-551-3394 or Craig Arakawa at 202-551-3650 with any questions. Sincerely, Division of Corporation Finance Office of Beverages, Apparel and Mining
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August 15, 2019
Rick Sterling
Chief Financial Officer
Intrexon Corporation
20374 Seneca Meadows Parkway
Germantown, MD 20876
Re:Intrexon Corporation
Form 10-K for the Fiscal Year Ended December 31, 2018
Filed March 1, 2019
Form 10-Q for the Quarter Ended June 30, 2019
Filed August 9, 2019
File No. 001-36042
Dear Mr. Sterling:
We have reviewed your filings and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to the comment, we may have additional comments.
Form 10-Q for the Quarter Ended June 30, 2019
Management's Discussion and Analysis of Financial Condition and Results of Operations, page
39
1.We note that as a result of the re-alignment of your business in April 2019, you now
report multiple segments and include a discussion of your segment results that is limited
to changes in your Segment Adjusted EBITDA. Please expand your disclosure to include
a comparative discussion of the revenues generated by each of your reportable segments,
the results of the operations that have been aggregated in the All Other segment and the
unallocated corporate costs that are excluded from your segment results or tell us why you
believe these disclosures are not required to provide a comprehensive analysis of your
results of operations. Refer to Item 303(b) of Regulation S-K and SEC Release No. 33-
6835.
FirstName LastNameRick Sterling
Comapany NameIntrexon Corporation
August 15, 2019 Page 2
FirstName LastName
Rick Sterling
Intrexon Corporation
August 15, 2019
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Steve Lo at 202-551-3394 or Craig Arakawa at 202-551-3650 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Beverages, Apparel and
Mining