QUOTE AND NEWS
guardian.co.uk  Jan 27  Comment 
As it celebrates its 25th anniversary, sustainability advocate Ceres sets its sights on winning corporate support for the proposed US power plant rules As the US political fight over climate change moves from Washington DC to 50 state capitals,...
The Hindu Business Line  Jan 20  Comment 
NASA’s Dawn spacecraft has beamed back a series of new images of the dwarf planet Ceres, showing tantalising detail of the mysterious world’s surface.As Dawn closes in on Ceres, new images...
Biomass Magazine  Jan 20  Comment 
Ceres Inc. has released financial results for the first quarter of fiscal year 2015, reporting progress with its breeding and genetic technologies. During an investor call, the company detailed planting of its sorghum hybrids in Brazil.
New York Times  Jan 19  Comment 
The Dawn and New Horizons missions will soon start collecting data about Pluto and Ceres that may help uncover clues on the origins of the solar system.
Agrimoney.com  Jan 9  Comment 
Ceres stocks jumps by one-third after the seed group says trials of its genetically modified corn had shown a 25% yield advantage
StreetInsider.com  Jul 28  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Ceres+%28CERE%29+to+Expand+Brazil+Product+Development+Programs+and+Sorghum%2C+Sugarcane+Trait+Development/9692988.html for the full story.
Forbes  Jul 24  Comment 
Utilities in states with progressive policies are leading sales of renewable energy and leading in savings from energy efficiency, according to a report released today by Ceres, a non-profit that seeks to mobilize leadership on clean energy. And...




 

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
  2. CERE S-1/A 2012 PROSPECTUS SUMMARY "SUMMARY CONSOLIDATED FINANCIAL DATA" pg 10
  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
  4. CERE S-1/A 2012 PROSPECTUS SUMMARY "RISK FACTORS" pg 13-21
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