QUOTE AND NEWS
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.
Benzinga  Jun 20  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday June 17 through Sunday June 19, 2016: Land O'Lakes to Buy Ceres for $0.40/Share in Cash The Deal: Land O' Lakes, Inc. and Ceres, Inc. (NASDAQ: CERE)...
Benzinga  Jun 17  Comment 
Land O' Lakes, Inc. and Ceres, Inc. (NASDAQ: CERE) reached a definitive merger deal. According to the deal, Land O'Lakes would acquire all of the outstanding capital stock of Ceres in a transaction worth at about $17.2 million, including amounts...
Benzinga  Apr 28  Comment 
Ceres, Inc. (Nasdaq: CERE) revealed it received approval to initiate field testing of its biotech sugarcane in Brazil, the world's biggest producer of sugarcane. According to the company, it plans to test its biomass, as well as sugar yield 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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