November 27, 2022
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Ceres third-quarter revenue up, losses down


Thousand Oaks-based ag-biotech company Ceres Inc. released third quarter results in documents filed with the Securities and Exchange Commission July 15.

Ceres said revenues increased from $1.1 million during the third quarter of 2015 to $1.4 million during the third quarter of 2016. Net losses decreased from $5.9 million, or 98 cents per share, last year to $1.5 million or 8 cents per share.

Ceres showed cash and cash equivalents of $4.2 million on the books.

On June 17, Ceres announced its sale to Minneapolis-based Land ’O Lakes. The company is also facing a lawsuit from three shareholders angry about the sale.

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