QUOTE AND NEWS
Agrimoney.com  Jan 15  Comment 
The biotech seed group, which has raised funds ditched bioenergy crops in an effort to boost its fortunes, reveals a narrowing in losses
Forbes  Dec 29  Comment 
Ceres --- the dwarf planet that has kept the world on tenterhooks with each new image from NASA’s Dawn spacecraft --- is still an odds-on favorite to harbor past or even present microbial life, says the mission’s principle investigator.
The Economic Times  Dec 15  Comment 
Shares of Hotel Leelaventure rose 4.5 per cent today after the company completed the Rs 725- crore sale of its Goa property to Ceres Hotels.
Insurance Journal  Dec 11  Comment 
You’d think just about everyone who’s anyone attended the massive climate change summit in Paris ending this week. The 2015 United Nations Climate Change Conference, COP 21, drew an estimated 50,000 attendees to discuss ways to reduce...
Forbes  Dec 9  Comment 
The largest asteroid in the Solar System has some incredible mysteries. Solving this one only leads to more questions.
Forbes  Nov 30  Comment 
With its unique properties and history, the largest asteroid in the Solar System may house secrets like no other.
SeekingAlpha  Nov 23  Comment 




 

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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