RiceBran Technologies (NASDAQ:RIBT) is reporting second quarter financial results on Wednesday 12th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, RIBT is expected to report 2Q20 loss of $ 0.06 per share from revenue of $ 9.05 million.
For the full year, analysts anticipate top line of $ 37.34 million, while looking forward to loss of $ 0.17 per share bottom line.
Previous Quarter Performance
RiceBran Technologies communicated loss for the first quarter of $ 0.08 per share, from the revenue of $ 8.33 million. The quarterly revenues escalated 30.97 percent compared with the same quarter last year. Wall street analysts are predicting, RIBT to report 1Q20 loss of $ 0.07 per share from revenue of $ 8.52 million. The bottom line results missed street analysts by $ 0.01 or 14.29 percent, at the same time, top line results fell short of analysts by $ 0.19 million or 2.23 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RIBT was $ 0.82, representing a 70.83 % increase from the 52 week low of $ 0.48 and a 72.39 % decrease over the 52 week high of $ 2.97.
The company has a market capital of $ 32.92 million and is part of the Consumer Defensive sector and Packaged Foods industry.
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Conference Call
RiceBran Technologies will be hosting a conference call at 4:30 PM eastern time on 12th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ricebrantech.com
RiceBran Technologies processes and markets healthy, natural, and nutrient dense products derived from raw rice bran. The company manufactures and distributes stabilized rice bran (SRB) in various granulations with other products and derivatives. It offers RiBalance, a rice bran nutritional package derived from further processing of SRB; RiSolubles, a nutritious carbohydrate and lipid rich fraction of RiBalance; RiFiber, a protein and fiber rich derivative of RiBalance; and protein and protein/fiber blends under the ProRyza brand.
