RiceBran Technologies (RIBT) Tops Q3 EPS by 2c; Lifts Outlook

RiceBran Technologies (NASDAQ: RIBT) reported Q3 EPS of ($0.07), $0.02 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $3.5 million versus the consensus estimate of $3.45 million.

GUIDANCE:

• Inclusive of Golden Ridge, RBT now sees 2018 annual revenue ranging from $14.5 million to $15.5 million, up from previous guidance of $14 million to $15 million, with fourth quarter adjusted EBITDA losses improving, compared to third quarter levels.
• RBT expects full year 2019 revenues from our combined operations to exceed $40.0 million with the Company achieving positive adjusted EBITDA by mid-2019.
• We continue to believe our balance sheet is sufficient to support our current growth plan through 2019.

For earnings history and earnings-related data on RiceBran Technologies (RIBT) click here.

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