QUOTE AND NEWS
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...
Biomass Magazine  Apr 3  Comment 
Ceres Inc. recently announced that its biotech sugarcane traits have been advanced to the next stage of testing ahead of schedule due to positive data from initial field evaluations under tropical conditions in Latin America.
The Hindu Business Line  Mar 7  Comment 
NASA’s Dawn spacecraft has created history by becoming the first mission to achieve orbit around the dwarf planet Ceres with an aim of providing new insights and capturing images from the distant...
New York Times  Mar 6  Comment 
The spacecraft, launched in 2007, is now circling Ceres in the asteroid belt between Mars and Jupiter.
New York Times  Mar 2  Comment 
NASA’s Dawn mission will begin orbiting Ceres, the largest known asteroid, on Friday. Scientists want to know what its two bright spots are.
Forbes  Feb 21  Comment 
NASA's Dawn spacecraft is set to begin orbiting the dwarf planet Ceres next month, and a new series of simulations indicate that it may find a strange world of ice volcanoes and a thin frozen shell covering a mud ocean that might harbor life.
The Hindu Business Line  Feb 6  Comment 
The sharpest and closest-yet images of the dwarf planet Ceres have been snapped by NASA’s Dawn spacecraft on its approach to the mysterious world. The series of images of Ceres were taken...




 

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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