BioAmber (BIOA) Tops Q3 EPS by 18c

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Go back to BioAmber (BIOA) Tops Q3 EPS by 18c

BioAmber Announces Year End Operational and Financial Results for 2016

March 16, 2017 4:01 PM EDT

MONTREAL, March 16, 2017 /PRNewswire/ - BioAmber Inc. (NYSE: BIOA), a leader in renewable materials, today announced operational and financial results for the three months and year ended December 31, 2016. 

Operational Highlights

2016 sales of bio-succinic acid were $8.3 million, an increase of 281% over the previous year. Over 200 companies globally have now tested and qualified the bio-succinic acid produced at our Sarnia facility. Operations have shown greater consistency with both variable and fixed costs remaining on target, and off-specifications product below 5% in Q4.

Strategic... More