Kraig Biocraft Labs Achieves New Record: Delivers Nearly 2.5 Metric Tons of Recombinant Spider Silk
KBLB sits 68% above its 52-week low of $0.072.
Summary
Kraig Biocraft Laboratories announced a new all-time production record, delivering nearly 2.5 metric tons of recombinant spider silk in a single cycle. This represents a substantial increase from their previous record of 1.8 metric tons reported in April, continuing a trend of expanding production capacity. Despite reporting zero revenue and a going concern warning in its Q1 2026 10-Q, this operational milestone is crucial. It validates the company's technology and demonstrates progress towards commercial scale, which is vital for its long-term viability.
At the time of this announcement, KBLB was trading at $0.12 on OTC in the Life Sciences sector, with a market capitalization of approximately $134M. The 52-week trading range was $0.07 to $0.16. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.