Hebei Lansheng Biotech Co., Ltd.
Beijing Multigrass Formulation Co., Ltd.

MBI sales up 82% in Q3 2013qrcode

Nov. 13, 2013

Favorites Print
Forward
Nov. 13, 2013

MBI sales up 82% in Q3 2013

The US biopesticide company, Marrone Bio Innovations (MBI), posted a 82.4% increase in sales to $1.346 million in the third quarter ended Sep 30, 2013. Product sales rose by 91.1% to $1,265 million and licensing revenues increased by 6.6% to$81,000. Additional product sales of $770 thousand were delivered to customers with extended payment terms and recorded as deferred revenues, the company notes. Nine months revenues substantially boosted by 102% to $8,576 million.

MBI's sales results($ 000)
Q3 ended Sep 30
Q3 2013
Q3 2012
%
change
Nine-month 2013
Nine-month 2012
%
change
Revenues
1,346
738
82.4
8,576
4,246
102.0
Products
1,265
662
91.1
8,333
4,039
106.3
Licensing
81
76
6.6
243
207
17.4
Gross profit
269
217
24.0
2,306
2,181
5.7
Net profit (loss)
(6,110)
(13,802)
-
(18,498)
(21,698)
-

For the full year 2013, the Company expects net revenues to more than double compared to the full year 2012, including expected deferred revenues.

Picture 0/1200

More from AgroNews

Magazine

Annual Review 2020 2020 India Pesticide Suppliers Guide
2020 Market Insight Chinese issue of 2020 Market Insight
2020 CRO & CRAO Manual Chinese issue of 2020 Biologicals Special
Subscribe Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.