Friday, August 22, 2014
YOLO COUNTY NEWS
99 CENTS

Marrone Bio Innovations announces first-quarter earnings

By
From page A13 | May 18, 2014 |

Marrone Bio Innovations released its first-quarter financial results Tuesday and confirmed that it expects to double its total revenue from last year.

First-quarter revenues for the Davis bio-based pesticide and plant health company totaled $2.8 million, comparable to last year’s earnings but down from last quarter. The company said it expects earnings to be weighted heavily toward the end of the year, when more grains and other crops are harvested.

The company saw a total net loss of $10.2 million in the first quarter, down from $10.7 million last quarter. Marrone Bio expects to break even in the fall quarter of 2015, said Hector Abse, the chief operating officer.

Despite the drought, Regalia, a biofungicide, expanded its reach in the western United States, especially in California where concerns over bee safety have prompted some farmers to turn to new pest management tactics.

In this last quarter, Venerate joined Grandevo as a second MBI pest management product that targets chewing and sucking insects, as well as mites.

“We are the first company ever to offer two highly effective broad-spectrum biological pesticides,” said Pam Marrone, chief executive officer and founder of MBI.

MBI also hired James Boyd as chief financial officer and Linda Moore as general counsel in the first quarter, and continued to expand its international front by signing a collaborative research agreement with the New Zealand Institute for Plant and Food Research. In addition, its industrial plant in Michigan produced the first batches of Regalia and Grandevo.

Marrone, a Davis resident, founded the company seven years ago. MBI went public last August with an IPO of $56 million, the first company in the region to do so in five years.

Comments

comments

Elizabeth Case

  • Recent Posts

  • Enter your email address to subscribe to this newspaper and receive notifications of new articles by email.

  • .

    News

    City to overhaul its sprinkler heads, other water-wasters

    By Dave Ryan | From Page: A1 | Gallery

     
    No easy task: History buffs still trying to save building

    By Dave Ryan | From Page: A1 | Gallery

     
    DHS musicians back from summer in Italy

    By Jeff Hudson | From Page: A1 | Gallery

    Not-guilty plea entered in Woodland homicide case

    By Lauren Keene | From Page: A2

     
     
    Russian aid convoy reaches war-torn Luhansk

    By The Associated Press | From Page: A2

    Davis indecent-exposure suspect pleads no contest

    By Lauren Keene | From Page: A2

     
    Putah Creek Council appoints new executive director

    By Elizabeth Case | From Page: A3

    Communitywide ice bucket challenge on Sunday

    By Anne Ternus-Bellamy | From Page: A3

     
    Parents’ Night Out features Vacation Bible School

    By Enterprise staff | From Page: A3

     
    Afternoon tours of city wetlands resume Sept. 6

    By Special to The Enterprise | From Page: A3 | Gallery

     
    Yolo County golf tournament enters fourth year

    By Special to The Enterprise | From Page: A3

    Saylor will meet constituents at Peet’s

    By Enterprise staff | From Page: A4

     
    Event will unveil mural celebrating food justice

    By Enterprise staff | From Page: A4

    Prunes take center stage at last agri-tour of the summer

    By Special to The Enterprise | From Page: A4

     
    In need of food? Apply for CalFresh

    By Enterprise staff | From Page: A4

    Can you give them a home?

    By Enterprise staff | From Page: A4 | Gallery

     
    Wolk bill would require reporting of water system leaks

    By Special to The Enterprise | From Page: A5

    Writing couple stops at Davis bookstore

    By Special to The Enterprise | From Page: A5 | Gallery

     
    Explorit: Final Blast show returns for second year

    By Lisa Justice | From Page: A5

    Record drought saps California honey production

    By The Associated Press | From Page: A6

     
    World travelers

    By Special to The Enterprise | From Page: A8

     
    Seniors set to stroll through Arboretum

    By Enterprise staff | From Page: A9

    .

    Forum

    Weightlifters causing a racket

    By Creators Syndicate | From Page: B5

     
    Bridging the digital divide with computational thinking

    By Special to The Enterprise | From Page: A10

     
    Tom Meyer cartoon

    By Debbie Davis | From Page: A10

    No support for militarization

    By Letters to the Editor | From Page: A10

     
    A better use for this vehicle

    By Letters to the Editor | From Page: A10

    Police are our friends, right?

    By Letters to the Editor | From Page: A10

     
    Wage plan has a big flaw

    By Letters to the Editor | From Page: A10

    .

    Sports

    Watts likes what he’s seen in keen Aggie DB competition

    By Bruce Gallaudet | From Page: B1 | Gallery

     
    Watney and McIlroy struggle at start of The Barclays

    By Wire and staff reports | From Page: B1

     
    Light-hitting Cats fall

    By Enterprise staff | From Page: B1

    Giants win nightcap in Chicago

    By The Associated Press | From Page: B1 | Gallery

     
    Sports briefs: Big West soccer coaches have high hopes for UCD men

    By Enterprise staff | From Page: B8 | Gallery

    .

    Features

    .

    Arts

    ‘If I Stay’: Existential angst

    By Derrick Bang | From Page: A11

     
    Davis Chinese Film Festival to kick off with 1994 favorite

    By Enterprise staff | From Page: A11

     
    Rock Band campers perform at E Street Plaza

    By Enterprise staff | From Page: A11

    Natsoulas to host mural conference

    By Special to The Enterprise | From Page: A11

     
    Yolo Mambo to play free show

    By Enterprise staff | From Page: A11

    .

    Business

    Car Care: Teenagers not driving safe cars, study shows

    By Special to The Enterprise | From Page: A6

     
    Car Care: Feeling the summer heat? Your car battery is too

    By Special to The Enterprise | From Page: A7

    Three-wheeled Elio gets closer to going on sale

    By The Associated Press | From Page: A12 | Gallery

     
    .

    Obituaries

    .

    Comics

    Comics: Friday, August 22, 2014

    By Creator | From Page: B6