Friday, April 24, 2015
YOLO COUNTY NEWS
99 CENTS

Marrone Bio Innovations revenue drops, COO resigns

By
From page A7 | August 10, 2014 |

Davis-based Marrone Bio Innovations announced Thursday that its second-quarter revenues plunged from $4.5 million in 2013 to $3.6 million in 2014.

Company officials blamed the drop on adverse weather in its growing regions but said the losses were partially offset by the success of its new product Venerate, which began shipments and sold out all available inventory in the second quarter.

MBI’s net loss for the second quarter was $10.4 million compared to $10.2 million in the first quarter 2014.

CEO Pam Marrone remained upbeat.

“We believe our momentum will build in the second half as our bio-based agricultural products, capable of both supplementing and substituting for many traditional solutions, demonstrate excellent value due to their combination of effectiveness, environmental friendliness and wide application,” she said in a news release.

“Additionally, we have now focused our development efforts on a suite of our best opportunities to ensure we maximize our return on investment and, at the same time, deepen our leadership position in this developing and disruptive category.”

Also Thursday, Marrone chief operating officer Hector Absi announced his resignation “for personal reasons,” effective Aug. 22. He has agreed to remain with the company as a consultant to “ensure a smooth transition,” according to a news release. The company has begun a search for a successor.

Comments

comments

Enterprise staff

  • Recent Posts

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

  • .

    News

    New design submitted for conference center

    By Dave Ryan | From Page: A1 | Gallery

     
    Water and power have a troubling interdependency

    By New York Times News Service | From Page: A1 | Gallery

     
    Bob Dunning: Fairness is an afterthought for them

    By Bob Dunning | From Page: A2

    Los Angeles march to commemorate Armenian killings

    By The Associated Press | From Page: A2

     
    Hostage deaths a reminder of risk of ‘deadly mistakes’

    By The Associated Press | From Page: A2

    Walkers head out three times weekly

    By Enterprise staff | From Page: A4Comments are off for this post

     
    Got bikes? Donate ‘em!

    By Enterprise staff | From Page: A4

     
    Need a new best friend?

    By Enterprise staff | From Page: A4 | Gallery

    Beginning tai chi classes start May 5

    By Enterprise staff | From Page: A4

     
    College Night set April 30 at DHS

    By Enterprise staff | From Page: A4

    School board hears report on health services

    By Jeff Hudson | From Page: A5

     
    Tour of co-ops precedes Sacramento conference

    By Special to The Enterprise | From Page: A5

    Mamajowali will perform at benefit house concert

    By Enterprise staff | From Page: A6 | Gallery

     
    Explorit: Celebrate International Astronomy Day

    By Special to The Enterprise | From Page: A6

    Learn basics of composting in Woodland

    By Special to The Enterprise | From Page: A6

     
    Winkler Dinner raises funds for enology, viticulture activities

    By Enterprise staff | From Page: A8 | Gallery

    Raptor Center welcomes visitors at May 2 open house

    By Trina Wood | From Page: A8 | Gallery

     
    Take a peek at region’s past at Tremont Mite Society’s social

    By Special to The Enterprise | From Page: A8 | Gallery

    BeerFest expands to include cider

    By Enterprise staff | From Page: A8

     
    Mapping where human action is causing earthquakes

    By New York Times News Service | From Page: A9

    Hummingbird health: Appreciating the little things

    By Kat Kerlin | From Page: A12 | Gallery

     
    .

    Forum

     
    Thanks for supporting the arts

    By Letters to the Editor | From Page: B4

    Bike Swap another success

    By Letters to the Editor | From Page: B4

     
    Drink is a tasteless insult

    By Letters to the Editor | From Page: B4

    Tom Meyer cartoon

    By Debbie Davis | From Page: B4

     
    The fight for gender pay equity

    By Special to The Enterprise | From Page: B4

    It’s a depressing beat

    By Creators Syndicate | From Page: B5

     
    .

    Sports

    Lehner talks about the UCD student-athlete experience

    By Bruce Gallaudet | From Page: B1

     
    Reeling Blue Devils stop skid against Sheldon

    By Evan Ream | From Page: B1 | Gallery

    Aggie Spring Game environment will up the gridiron fun factor

    By Bruce Gallaudet | From Page: B1 | Gallery

     
    Rare DHS track loss still full of highlights

    By Enterprise staff | From Page: B1

     
    DYSA roundup: Lester, Osborne lead Storm over Dixon

    By Enterprise staff | From Page: B3 | Gallery

    Lady Demons’ fundraiser a smash hit

    By Enterprise staff | From Page: B3 | Gallery

     
    Pro baseball roundup: River Cats lose their fourth straight

    By Staff and wire reports | From Page: B12

    .

    Features

    .

    Arts

     
    ‘Ex Machina': The perils of playing God

    By Derrick Bang | From Page: A10 | Gallery

    Ceramicist works will be featured at The Artery

    By Special to The Enterprise | From Page: A11 | Gallery

     
    .

    Business

    Chamber expands Korean sister-city opportunities

    By Felicia Alvarez | From Page: A5 | Gallery

     
    Car Care: Tips for buying your first ATV

    By Special to The Enterprise | From Page: B6

    Subaru goes rear-wheel drive with sporty BRZ coupe

    By Ann M. Job | From Page: B7 | Gallery

     
    .

    Obituaries

    Whitney Joy Engler

    By Special to The Enterprise | From Page: A4

     
    Valente Forrest Dolcini

    By Special to The Enterprise | From Page: A4

    .

    Comics

    Comics: Friday, April 24, 2015

    By Creator | From Page: B5