QUOTE AND NEWS
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...
SeekingAlpha  Apr 14  Comment 
NPR  Apr 4  Comment 
The Bay Area-based Ceres Community Project recruits teen volunteers — many of whom were formerly homeless — to cook healthful meals and deliver them to local hospitals.
Forbes  Mar 26  Comment 
NASA's Dawn space probe has made its way to the largest object in the asteroid belt, Ceres. What it found will amaze you.
TechCrunch  Mar 24  Comment 
 NASA has released close-up images of the dwarf planet Ceres, the biggest object in the asteroid belt, revealing new details about its mysterious bright spots. These images were taken by the Dawn spacecraft, which left Earth nearly a decade ago....
Forbes  Mar 23  Comment 
Mysterious white spots, polar caps and even, quite possibly, water make an appearance on this bizarre world!
Forbes  Mar 17  Comment 
What have scientists learned from studying Ceres? This question was originally answered on Quora by Keith Allpress.




 

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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