Dyadic announces 10% gains on revenue in FY2013 financial results
In Florida, Dyadic International has announced their financial results for the FY2013. Total revenue for the company increased 10% for the year compared to FY2012, with net product-related revenue increasing 25% to $9.8 million. The increase was driven primarily by increases in the animal health and nutrition segments, the addition of two major customers and additional registration by a customer of an animal feed product containing a Dyadic enzyme in Europe.
Dyadic’s President and Chief Executive Officer, Mark Emalfarb, stated, “We continue to lay the foundation for our continued success including increasing available capital, signing a broad license agreement with BASF, joining the OTCQX U.S. Premier marketplace and expanding our state-of-the-art Dutch research center. Our strategic objectives have always been to unlock the enormous potential of our technologies, including the C1 platform. We think we are remarkably well positioned to continue to grow and exploit new opportunities in 2014 and beyond.”
Category: Fuels
