RiceBran Technologies Reports 2Q 2020 Financial Results and Provides Business Updates
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RiceBran Technologies (RIBT) Misses Q2 EPS by 4c, Revenues Miss
August 12, 2020 4:25 PM EDTRiceBran Technologies (NASDAQ: RIBT) reported Q2 EPS of ($0.10), $0.04 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $5.9 million versus the consensus estimate of $9.05 million.
Second Quarter 2020 Financial Highlights
Revenue: Revenues of $5.9 million decreased 5% from $6.2 million in the second quarter of 2020. The year over year decrease in revenue was due primarily to lower revenues from RiceBran's core stabilized rice bran business, and to a lesser extent from lower volumes from our Golden Ridge operations, partially offset by an increase in revenue from MGI Grain. Animal feed product revenues increased... More