Tvia, Inc. (TVIA) Tops Q3 EPS by 19c

Tvia, Inc. (NASDAQ: TVIA) reported Q3 EPS of ($0.24), $0.19 better than the analyst estimate of ($0.43). Revenue for the quarter came in at $4.3 million, versus $4.52 million reported last year.

“I believe we are in an important moment for innovation in the food industry. TerraVia’s revolutionary platform gives us the opportunity to be a major factor in addressing the growing demands for plant-based, healthy and sustainable food and nutrition products,” said Apu Mody, CEO of TerraVia. “Since joining the company just a couple months ago, I have had the opportunity to spend significant time with our teams, visit the production facilities in Peoria and Brazil, and meet with our strategic partners and many customers. Everything I have seen and heard reaffirms my initial belief in what the company has built and the opportunities ahead.”

“At the same time, we are identifying areas where we have more work to do,” Mody continued. “We are refining our strategic plan over the next couple of months to position the company for focused growth. Based on what I’ve seen in a very short time, we have the capability to deliver innovation to the food and nutrition industry for many years to come.”

For earnings history and earnings-related data on Tvia, Inc. (TVIA) click here.

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