KiOR’s CFO John Karnes quits abruptly; concerns for 2014 to blame?
December 9, 2013
| Isabel Lane
In Texas, KiOR’s CFO John Karnes quit abruptly with an SEC filing on December 1, with very little information provided about his departure. The only clue to Karnes’s departure rests in the third-quarter results, reported a few weeks ago: “Though KiOR reported record fuel production of a tad over 300,000 gallons, it was barely within the original guidance range that KiOR was expected to reach a full quarter prior. Total revenue was $720,000 with a net loss of $43.1 million.” The CFO asserted in his last conference call that the company was “not in a position to provide any forward-looking information at all for 2014 at this point.”
Category: Fuels