Revenue Update on Ceres Inc(NASDAQ:CERE)

Ceres Inc(NASDAQ:CERE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Apr 14, 2016. Company reported revenue of $351.00K. Analysts estimated a revenue of $7.60M. Earnings per share were $-0.09.

Ceres Inc (CERE) shares turned negative on Mondays trading session with the shares closing down -0.001 points or -0.43% at a volume of 3,85,448. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.26. The peak price level was also seen at $0.26 while the days lowest was $0.219. Finally the shares closed at $0.23. The 52-week high of the shares is $4.8 while the 52-week low is $0.2. According to the latest information available, the market cap of the company is $4.3 M.

Ceres Inc. (Ceres) is an agricultural biotechnology company that develops and markets seeds to produce crops for bioenergy and other markets that utilize plant biomass. It uses a combination of advanced plant breeding biotechnology and bioinformatics to develop seed products. One of commercial opportunities is in Brazil where the Company is pursuing multiple markets for its sorghum products. It markets its sweet sorghum hybrids as a drop-in feedstock to complement existing feedstock supplies and extend the operating season of Brazilian sugarcane-to-ethanol mills. It also markets its high biomass sorghum products to mills and other agri-industrial facilities for use in generating electricity heat and steam. It markets and sells its seed products under its Blade brand. It generates revenues from government grants research and development collaboration agreements and from product sales. The Company’s products include sorghum switchgrass and miscanthus.

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