SeekingAlpha  Nov 23  Comment 
The Economic Times  Sep 21  Comment 
The property will be acquired by Ceres Hotels Private, a wholly-owned Indian subsidiary of MetTube. However, Leelaventure will continue to operate the hotel under Leela brand.
New York Times  Sep 14  Comment 
New images captured by NASA’s Dawn spacecraft were the best view to date of bright spots on the dwarf planet — though nobody yet knows what they are.
Benzinga  Sep 10  Comment 
Ceres, Inc. (Nasdaq: CERE), an agricultural biotechnology company, today revised upwards the number of acres planted with its improved forage sorghum hybrids. The company, which closed its fiscal year on August 31, indicated that the higher than...
Forbes  Sep 9  Comment 
Ice volcano, pathway to hidden ocean, shiny salt flats or something else? NASA keeps getting closer to the source of the mystery.
TheStreet.com  Sep 3  Comment 
NEW YORK (TheStreet) -- Shares of Ceres were gaining 16.8% to $1.25 on heavy trading volume Thursday after the agricultural chemicals company announced it expanded commercial evaluations of its improved forage hybrids in Puerto Rico. Ceres...
Benzinga  Aug 12  Comment 
Ceres Inc (NASDAQ: CERE) shares climbed 293.66 percent to $3.75 as the company reported that it has been awarded a patent for its iCODE trait development system. Eleven Biotherapeutics Inc (NASDAQ: EBIO) shares rose 33.22 percent to $3.12...


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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