In California, Ceres reported a net loss of $9.3 million for the quarter ended May 31. This was $.9 million more than the net loss of $8.4 million for the same quarter in 2012. Total revenues for the quarter ended May 31, 2013 were $1.4, but cost of product sales was $2.1 million for quarter […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, jumped 1.35 percent to 73.69 as Ceres continued to rally and advanced biofuels gained. For the day, Ceres (CERE) jumped 9.23 percent to $4.26 following a favorable analyst report from Raymond James’ Pavel Molchanov, while Biox (BX.T) climbed 8.70 percent to $0.75. Among other […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, jumped 2.50 percent to 72.71 as Ceres experienced a monumental rally. For the day, Ceres (CERE) jumped 77.27 percent to $3.90 following a favorable analyst report from Raymond James’ Pavel Molchanov, while Metabolix (MBLX) fell 4.14 percent to $1.62. Among other equities, Aemetis (AMTX) […]
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 […]
In California, Ceres is headed for harvesting of its sweet sorghum hybrids despite reporting net losses for Q2 of 2013. Revenue for the quarter came in at $1M, resulting in a net loss of $0.36 per share. The final yield data for their harvest will be available in July as the company harvests nearly 3000 […]
Last month, Ceres announced that it has signed a sweet sorghum market development agreement with Syngenta. The companies will work together to support the introduction of sweet sorghum as a source of fermentable sugars at Brazil’s 400 or more ethanol mills. Last season, Brazilian mills planted Ceres sweet sorghum on more than 3,000 hectares (7,400 […]
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 […]
In California, Ceres announced that the U.S. Agency for International Development has expanded its grant to the company to develop traits in rice for Asia. Based on Ceres’ success to date, USAID will provide an additional $3.5 million to Ceres over the next four years to extend field trialing and development of the company’s biotech […]
Biofuels Digest has released the next wave of its 5-Minute Guides – a “news you can use” digest on the leading companies in biofuels. Each 5-Minute Guide provides a company description, 3 top milestones for 2010-12 and projected for 2012-14, description of the business model; plus project info (location, feedstocks, product set, processing technology, capacity, […]
Address: 1535 Rancho Conejo Blvd., Thousand Oaks, CA 91320 Founded: 1996 Annual Revenues: $6.6 million (Fiscal Year ended Aug. 31, 2011) Type of technology: Plant biotechnology, gene marker-assisted breeding and other genomics Fuel Type: Biomass is the common denominator to advanced biofuels, biopower and bioproducts and is independent of the end-fuel molecule. Major investors: Ceres […]
