Category: Ventures
Cereplast reports Q1 2013 loss of $18 million
In Indiana, Cereplast reported a net loss for the three months ending March 31, 2013 was $18 million, as compared to $2.4 million in the same period in 2012. The increase in net loss was primarily driven by an increase in other income and expense related to financing transactions. Cereplast’s press release noted that while [...]
GDT TEK to acquire renewable energy company
In Florida, GDT TEK announced that it has entered into a definitive exclusive rights agreement to acquire an unnamed renewable energy company as a wholly-owned subsidiary on or before December 31, 2013. This company turns landfill gas into electricity and creates a Refuse Fuel Derived pellets rom a bio mass waste product utilizing the waste heat [...]
BioFuel Energy reports net loss of $5.3 million for first quarter of 2013
In Colorado, BioFuel Energy reports that for its first quarter 2013 results, net loss was $5.3 million on revenues of $89.0 million, compared with a net loss of $11.1 million on revenues of $139.4 million for the quarter ended March 31, 2012. For the quarter ended March 31, 2013, the net loss attributable to common [...]
Verenium reports adjusted EBITDA loss of $2.5 million for Q1 2014
In California, Verenium reported and adjusted EBITDA loss of $2.5 million for the quarter ended March 31, 2013, compared to adjusted EBITDA income of $1.4 million for the same quarter in the prior year. The change in adjusted EBITDA is primarily attributed to license revenue recorded in 2012 from DSM and Novus International, and increased research and development expenses. Verenium ended the quarter [...]
Codexis lowers losses to $9.6 million for Q1 2013
In California, Codexis reports revenues for the first quarter of 2013 were $11.5 million, a 45% increase from $7.9 million in the fourth quarter of 2012. Net operating costs were $21.1 million, a nearly 11% decrease from the fourth quarter of 2012. The net loss was $9.6 million, or a loss of $0.25 per share, [...]
Sirona Biochem raises $2.4 million to date and extends warrants
In Canada, Sirona Biochem Corp. announced that it closed equity and debt financings for gross proceeds of $975,000, bringing the total capital raise to $2.4 million to date in 2013. The total capital raise of $2.4 million consisted of the equity placement of $375,000 and the debt placement of $600,000, and the equity raise of [...]
Amyris shrinks Q1 loss from $94.5 million in 2012 to $32.6 million in 2013
In California, Amyris reported a GAAP net loss attributable to common stockholders for Q1 2013 was $32.6 million compared to a loss of $94.5 million in the comparable quarter of 2012. On a non-GAAP basis, excluding stock-based compensation, loss on purchase commitments, and write-off of production assets, the net loss attributable to common stockholders was [...]
Green Plains reports net income of $2.6 million for Q1 2013
In Nebraska, Green Plains Renewable Energy reported net income for Q1 2013 was $2.6 million, compared to a loss of $12.7 million in Q1 2012. Revenues were $765.5 million for the first quarter of 2013 compared to $775.4 million for the same period in 2012. “We achieved a significant improvement in our financial performance for [...]
VIASPACE Green Energy reports net loss of $4.5 million for 2012
In Georgia, VIASPACE reported a net loss for 2012 of $4,539,000 compared to a net loss in 2011 of $7,932,000, a decrease of $3,393,000. Mr. Sung Chang, President of VIASPACE Green Energy stated, “The fourth quarter of 2012 represented the first quarter that we have reported revenues derived from the sale of Giant King Grass [...]
3SBio receives updated proposal for merger and going private
In China, 3SBio, a company focused on researching, developing, manufacturing and marketing biopharmaceutical products, reported they have received an updated merger proposal. The letter is from Dr. Jing Lou , 3SBIO Chairman and CEO, CPEChina Fund, and CITIC Private Equity Funds Management. In the new proposal letter, Dr. Lou and CITIC PE proposed to increase [...]
