Insurance Journal  Oct 20  Comment 
Max Messervy took a decidedly positive tack when pried again and again to reveal any negative reaction to a report he puts together every so often. Messervy, the insurance program manager at sustainability leadership advocate Ceres, is one of the …
Forbes  Oct 14  Comment 
Ceres is launching a new Q&A series as part of its Clean Trillion campaign aimed at elevating clean energy investments globally by an additional $1 trillion a year in order to minimize damaging climate change impacts. The series will focus on...
Agrimoney.com  Sep 26  Comment 
The silos-to-logistics group, attempting to draw a line under durum losses, is to see its crop volumes near-double, backed by new capacity too
Forbes  Aug 10  Comment 
Kirsten James is the Senior Manager for California Policy and Partnerships at Ceres based in the San Francisco program office. James leads the development of strategy and policy objectives for Ceres’s California-focused work, including the...
Forbes  Jul 27  Comment 
Scientists were baffled by the lack of large impact sites on Ceres, but a subsurface frozen ocean could be the key.
Forbes  Jul 4  Comment 
The bright spots are salt, but now that we know what kind they are, they may indicate a recent, watery past for this Moon-like world.


Ceres (NASDAQ:CERE) is a biotechnology company which focuses on agriculture. Ceres sells seeds used to grow plants dedicated for use as biofuel. The seeds Ceres makes are bred to have low inputs, are weather hardy, and can grow at large scales. These dedicated plants compete with corn and sugarcane which are often used as fuelstock.[1]

Business Overview

For the full year ended in August 2011, Ceres reported a total revenue of $6.6M. During the period, the company reported a net loss of $36.3M. This compares with $6.6M in revenue in 2010 and a net loss of $22.6M. The majority of the revenue was from collaborative research and government grants while the largest cost was from research and development. [2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on February 21, 2012. The company offered 5M shares each for $13. This was below the $16-$17 revised price range. The company was originally planning to price between $21-$23. The deal raised a total of $65M. The lead mangers of the deal were Goldman Sachs Group (GS) and Barclays.[3]

Trends & Forces

Dependence on Government Grants

Historically, much of Ceres' revenue has been from government grants. This is part of the US government's goal to encourage the growth in biofuels. If these subsidies are removed, then Ceres will be impacted. This could happen if alternate forms of energy are discovered or if demand for a decrease in overall government spending rises. [4]

  1. CERE S-1/A 2012 PROSPECTUS SUMMARY "Our Company" pg 1
  3. Renaissance Capital - IPO Home "Ceres prices IPO at $13, below revised range; insiders expected to have purchased 20% of the deal" 22 Feb 2012
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