Ceres (CERE) Reports Q1 Narrows Q1 Loss

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Ceres Announces First Quarter Financial Results of Fiscal Year 2016

January 14, 2016 4:05 PM EST

THOUSAND OAKS, Calif., Jan. 14, 2016 /PRNewswire/ -- Ceres, Inc. (Nasdaq: CERE), an agricultural biotechnology company focused on forage crops, today reported financial results for the three months ended November 30, 2015 and provided an update on its business.

During its fiscal first quarter, Ceres continued to refocus its business on commercializing forage products with a better balance of yield, energy and nutrition. The company also significantly strengthened its balance sheet, successfully completing a $7.6 million equity offering, and further validated its technology... More