Arcadia Biosciences, Inc. (NASDAQ:RKDA) is expected to report third quarter earnings results, after market close, on Thursday 12th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.54 per share.
Looking ahead, the full year loss are expected at $ 1.78 per share on the revenues of $ 4.99 million.
Previous Quarter Performance
Arcadia Biosciences, Inc. posted loss for the second quarter of $ 1.04 per share, from the revenue of $ 0.28 million. The quarterly revenues down 28.21 percent compared with the same quarter last year. According to street consensus, RKDA was expected to report 2Q20 loss of $ 0.50 per share from revenue of $ 2.93 million. The bottom line results missed street analysts by $ 0.54 or 108 percent, at the same time, top line results fell short of analysts by $ 2.65 million or 90.44 percent.
Stock Performance
Shares of Arcadia Biosciences, Inc. traded up $ 0.08 or 2.43 percent on Wednesday, reaching $ 3.37 with volume of 126.30 thousand shares. Arcadia Biosciences, Inc. has traded high as $ 3.42 and has cracked $ 3.21 on the downward trend
The closing price of $ 3.37, representing a 43.04 % increase from the 52 week low of $ 2.30 and a 50.38 % decrease over the 52 week high of $ 6.63.
The company has a market capital of $ 41.11 million and is part of the Basic Materials sector and Agricultural Inputs industry.
Conference Call
Arcadia Biosciences, Inc. will be hosting a conference call at 4:30 PM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1-844-243-4690 or +1-225-283-0138 (International), when prompted, enter passcode 1303009 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.arcadiabio.com
Arcadia Biosciences, Inc., an agricultural food ingredient company, develops and commercializes health and nutrition ingredient traits worldwide. The company offers a suite of agricultural productivity traits, including nitrogen use efficiency, water use efficiency and drought tolerance, salinity tolerance, and Wheat Yield traits. It also provides nutritional oils comprising gamma linolenic acid safflower oil to manufacturers of dietary and nutritional supplements, medical foods, dog food, and other products under the SONOVA brand.
