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Health Care
      Date                  November 21, 2023      Health Care
      52wk High                         $2.40
      52wk Low                          $1.12      Dyadic International, Inc.               DYAI       $1.87
                                                   1044 North U.S. Highway One
                                                   Jupiter, FL 33477-5094

                               (USD - in millions)  www.dyadic.com
      Market Cap                        52.1
      Enterprise                        44.1
      Basic Shares Out.                28.81       COMPANY OVERVIEW
      Float                            18.70
      Institutional Holdings          10.15%      Detailed Analysis:Channelchek.com
      Short Interest                    0.18
      Avg. 90-Day Volume                0.02      Dyadic International, Inc. is a global biotechnology company which is
                                                  developing what it believes will be a potentially significant
                                                  biopharmaceutical gene expression platform based on the industrially
                                                  proven hyper productive engineered fungus Thermothelomyces
      EPS Data                                    heterothallica (formerly Myceliophthora thermophila), named C1. The
                                                  C1 microorganism, which enables the development and large scale
                     2021     2022       2023     manufacture of low cost proteins, has the potential to be further
      CQ1             N/A     (0.09)    (0.03)    developed into a safe and efficient expression system that may help
      CQ2           (0.14)    (0.12)    (0.07)    speed up the development, lower production costs and improve the
                                                  performance of biologic vaccines and drugs at flexible commercial
      CQ3           (0.06)    (0.06)    (0.06)    scales.
      CQ4           (0.15)    (0.07)    (0.07)
      CY            (0.47)    (0.34)    (0.23)                                           Source: Channelchek/QuoteMedia




      Long-Term EPS Estimate              N/A
      Price/Book (mrq)                   0.27
      ROE (ttm)                        -67.80
      Debt-to-Total Cap. (mrq)           1.90
      Fiscal Year End                 31-Dec
                                                                   J
                                                   1044 North U.  upiter           FL              33477-5094


      Key Executives
      CEO:      Emalfarb, Mark
      CFO:      Rawson, Ping
      COO:      N/A
      IR:       N/A
                                                           Noble Capital Markets, Inc.
      Source: Capital IQ, Noble Financial estimates, company filings
      Noble Senior Analyst                                 561-994-1191   noblecapitalmarkets.com
      Robert LeBoyer                                       MEMBERS: FINRA, SIPC, MSRB
                                                           Following the conference, complete video library of presentations will be
      rleboyer@noblelsp.com                                available at: channelchek.com | nobleconference.com
      (212) 896-4625


      Refer to the back of the book for disclosures
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