QUOTE AND NEWS
Forbes  Jun 23  Comment 
NASA captured the image of a mysterious mountain on the surface of the dwarf planet Ceres.
Benzinga  Jun 19  Comment 
Ceres, Inc. (Nasdaq: CERE), an agricultural biotechnology company, today announced the continued realignment of its business to focus on food and forage opportunities and biotechnology traits for sugarcane and other crops. As part of the...
Forbes  Jun 8  Comment 
Poor Ceres doesn't get enough love.
Forbes  Jun 8  Comment 
Dawn began its nearest orbit of Ceres in the past few days, and has begun to send back the closest images we're likely to see of the odd object any time soon.
Benzinga  May 27  Comment 
Ceres, Inc. (Nasdaq: CERE), an agricultural biotechnology company, has been awarded a U.S. patent for a genetic sequence derived from soybean, covering uses of the gene in areas such as research, product development and plant transformation. The...
Forbes  May 13  Comment 
The discovery of two inexplicably bright light spots at the bottom of Ceres' deepest crater was a huge surprise. Now, we're on the precipice of uncovering exactly what's causing it.
Biomass Magazine  Apr 10  Comment 
On April 9, Ceres Inc. released financial results for the second quarter of 2015, reporting growing conditions in Brazil have been generally favorable for its sweet-sorghum collaboration with Raizen across most multi-hybrid field evaluation sites.
Benzinga  Apr 10  Comment 
Extreme Networks Inc. (NASDAQ: EXTR) shares dipped 24.69% to $2.44 after the company lowered its outlook for the third quarter. The company projected an adjusted loss of $0.09 to $0.07 per share, on revenue of $118 million to $120 million. The...




 

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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