Arcadia Biosciences Announces First-Quarter 2020 Financial Results and Business Highlights

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Arcadia Biosciences (RKDA) Tops Q1 EPS by 83c, Revenues Miss; Reiterates FY20 Revenue Guidance Above Consensus

May 13, 2020 4:16 PM EDT

Arcadia Biosciences (NASDAQ: RKDA) reported Q1 EPS of $0.29, $0.83 better than the analyst estimate of ($0.54). Revenue for the quarter came in at $309 thousand versus the consensus estimate of $800 thousand.

"This is an extraordinary moment in time for all of us," said Matt Plavan, Arcadia's president and chief executive officer. "Our priorities throughout this challenging time remain the same: to maintain the health and safety of... More