In California, Ceres’ Q4 numbers look better than expected, with the company reporting a net loss per share of $0.27. Estimates had placed that number at $0.34 per share; the company has been bringing in revenue from R&D projects. Cash on hand was $60M, down from $68M, but representing enough capital to get the company to FY15 when positive operating cash flow is in the cards. Cash burn is expected to be $30M for FY13 and $22M in FY14.
More background on the story from the Digest
Category: Producer News