Ceres announces $8.97 million lost for Q2 2013

April 18, 2013 |

In California, Ceres announced that for the quarter which ended February 28, 2013, a net loss of $8.97 million compared to a net loss of $6.83 million for Q2 in 2012. At the end of Q2, Ceres had cash and cash equivalents of $15.5 million and marketable securities of $29.4 million. Total revenues for the quarter ended February 28, 2013 were $1.0 million compared to $1.3 million for the same period last year. The decrease was due to lower collaborative research and government grant revenues as well as lower seed sales.

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