Revenue Update on Marrone Bio Innovations Inc(NASDAQ:MBII)

Marrone Bio Innovations Inc(NASDAQ:MBII) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $5.05M. Analysts estimated a revenue of $4.61M. Earnings per share were $-0.28. Analysts had estimated an EPS of $-0.28.

Marrone Bio Innovations Inc (MBII) made into the market gainers list on Wednesdays trading session with the shares advancing 34.23% or 0.38 points. Due to strong positive momentum, the stock ended at $1.49, which is also near the day’s high of $1.8. The stock began the session at $1.11 and the volume stood at 22,07,112 shares. The 52-week high of the shares is $4 and the 52 week low is $0.6013. The company has a current market capitalization of $37 M and it has 2,45,83,831 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Richard E Rominger (director) purchased 10,000 shares at $0.94 per share price.Also, On Jun 13, 2016, James Boyd (CFO) purchased 10,000 shares at $0.79 per share price.On Jun 13, 2016, George H Kerckhove (director) purchased 2,500 shares at $0.72 per share price, according to the Form-4 filing with the securities and exchange commission.

Marrone Bio Innovations Inc. is a provider of bio-based pest management and plant health products. Bio-based products are consists of naturally occurring microorganisms such as bacteria and fungi and plant extracts. As of August 1 2013 the Company’s three commercialized product lines target two core end markets: crop protection and water treatment. Crop protection products consist of herbicides fungicides nematicides insecticides and plant growth regulators that growers use to increase crop yields improve plant health manage pest resistance and reduce chemical residues. The Company’s products can be used in both conventional and organic crop production. The Company sells two crop protection product lines Regalia for plant disease control and plant health and Grandevo for insect and mite control to growers of specialty crops such as grapes citrus tomatoes vegetables nuts leafy greens and ornamental plants.

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