New York Times  Mar 3  Comment 
Roberto David Castillo Mejia, who was the executive president of a company building a dam that Ms. Cáceres opposed, was detained as he was about to fly to Houston.
Forbes  Nov 21  Comment 
With COP23 concluded and my Ceres colleagues home from Bonn, I’m grounded in a renewed affirmation of where we stand – as both Americans and as global citizens – and I’m more energized than ever to move faster and more boldly into the future.
TechCrunch  Nov 1  Comment 
 Agtech has largely seemed underserved by emerging startups, though farmers have largely proven more receptive to adopting new tech than most might assume. Ceres Imaging has a fairly straightforward pitch. Pay for a low-flying plane to snap shots...
TechCrunch  May 10  Comment 
 Oakland, Calif.-based Ceres Imaging has raised $5 million in a Series A investment led by Romulus Capital. The startup uses cameras, sensors and software to pinpoint crop stress in the field for farmers, so that they can apply herbicides,...
Forbes  Dec 15  Comment 
New findings from NASA’s Dawn spacecraft show that there’s water all over the dwarf planet Ceres -- in the air, frozen below the crust and trapped as ice in permanently shadowed craters.
Insurance Journal  Oct 20  Comment 
Max Messervy took a decidedly positive tack when pried again and again to reveal any negative reaction to a report he puts together every so often. Messervy, the insurance program manager at sustainability leadership advocate Ceres, is one of the …
Forbes  Oct 14  Comment 
Ceres is launching a new Q&A series as part of its Clean Trillion campaign aimed at elevating clean energy investments globally by an additional $1 trillion a year in order to minimize damaging climate change impacts. The series will focus on...
Agrimoney.com  Sep 26  Comment 
The silos-to-logistics group, attempting to draw a line under durum losses, is to see its crop volumes near-double, backed by new capacity too
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...


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
  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
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