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
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.
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.