Marrone Bio Innovations, Inc. (NASDAQ:MBII) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, MBII is expected to report 3Q20 loss of $ 0.03 per share from revenue of $ 10.21 million.
For the full year, analysts anticipate top line of $ 43.49 million, while looking forward to loss of $ 0.13 per share bottom line.
Previous Quarter Performance
Marrone Bio Innovations, Inc. posted loss for the second quarter of $ 0.02 per share, from the revenue of $ 12.18 million. The consensus estimates are loss of $ 0.06 per share from $ 10.19 million in revenue. The bottom line results beat street analysts by $ 0.04 or 66.67 percent, at the same time, top line results outshined analysts by $ 1.99 million or 19.53 percent.
Stock Performance
On Friday, shares of Marrone Bio Innovations, Inc. has traded high as $ 1.20 and has cracked $ 1.17 on the downward trend, reaching $ 1.19 with volume of 72.60 thousand shares.
According to the previous trading day, closing price of $ 1.19, representing a 93.44 % increase from the 52 week low of $ 0.61 and a 21.33 % decrease over the 52 week high of $ 1.50.
The company has a market capital of $ 181.45 million and is part of the Basic Materials sector and Agricultural Inputs industry.
Conference Call
Marrone Bio Innovations, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.marronebioinnovations.com
Marrone Bio Innovations, Inc. provides bio-based pest management and plant health products primarily for agricultural and water markets in the United States and internationally. It offers herbicides; fungicides; nematicides; insecticides; algaecides for algae control; molluscicides for mussel and snail control; plant growth and stress regulators; and water treatment products for various applications, such as hydroelectric and thermoelectric power generation, industrial applications, drinking water, aquaculture, irrigation, and recreation.
