What To Expect From Marrone Bio Innovations, Inc. ($MBII) 2Q20 Earnings

Marrone Bio Innovations, Inc. (NASDAQ:MBII) is reporting second quarter financial results on Monday 10th August 2020, after market close.

According to analysts surveyed by Thomson Reuters, MBII is expected to report 2Q20 loss of $ 0.06 per share from revenue of $ 10.19 million.

For the full year, analysts anticipate top line of $ 40.16 million, while looking forward to loss of $ 0.17 per share bottom line.

Previous Quarter Performance

Marrone Bio Innovations, Inc. announced loss for the first quarter of $ 0.05 per share, from the revenue of $ 9.65 million. The quarterly revenues hiked 10.67 percent compared with the same quarter last year. According to street consensus, MBII was expected to report 1Q20 loss of $ 0.03 per share from revenue of $ 10.11 million. The bottom line results missed street analysts by $ 0.02 or 66.67 percent, at the same time, top line results fell short of analysts by $ 0.46 million or 4.55 percent.

Historical Earnings Performance

Click Here For More Historical Earnings Of Marrone Bio Innovations, Inc.

Stock Performance

According to the previous trading day, closing price of MBII was $ 1.34, representing a 119.67 % increase from the 52 week low of $ 0.61 and a 22.54 % decrease over the 52 week high of $ 1.73.

The company has a market capital of $ 199.84 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 10th August 2020, to discuss its 2Q20 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.