17/Feb/2022
#02
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Last issue articles
- A biological march that goes at full speed
- Video: the fantastic language between Trichoderma and plants, a key to the development of bioinputs
- Research identifies the exact moment when heat stress hits corn hardest
- Dr. Patrick Brown Kicks Off Redagricola's Series On Biostimulants And Biocontrol That Will Run Throughout 2022
- SAS Expands Its Bio-inputs Catalog With Latin American Flavors
- 8 keys on the new process for the approval of biopesticides in Europe
Market movers
- Brazilian BP Bunge Bioenergia will extend the use of biofertilizers to all its sugar cane fields
- Mosaic and BioConsortia Expand Nitrogen Fixing Microbial Products to Asia Markets
- Corteva and Marrone Bio agree on exclusive distribution of new bionutrient in Europe
- Holandesa Koppert invierte US$ 10 millones en Brasil para ampliar planta de biológicos
- Hello Nature creates joint venture for a US$ 50 million factory in Indiana, USA
- Florida-based Salveo Agro receives early-stage investment to globalize its biocontrol technology
- Brazilian Agrivalle signs partnership with subsidiary of Canadian Nutrien for distribution of biological products in the largest agricultural states in Brazil
- Harpe Bioherbicide Solutions secures US$3 million in financing round
- Scientists From Southern Chile Develop Biopesticide From The Lupine Legume
- Agrichem Bio Broadens the Label Of Its Biofungicide Actileaf
Marrone Bio anticipates a 10%-15% increase in its revenues in 2021 and moves its headquarters from California to North Carolina
Marrone Bio Innovations, Inc., an international provider of bio products for the agricultural sector, released an update letter to shareholders from Chief Executive Officer Kevin Helash announcing preliminary financial results for the fourth quarter and fiscal year ended December 31, 2021.
The company founded in Davis, California, would have achieved an increase between 10% and 15% in its total income, during 2021.
“I am pleased to report that fourth quarter 2021 revenues are estimated to reflect growth in the mid-30% range, as compared with fourth quarter 2020 revenues. For the second half of 2021, revenues are estimated to have increased 20+% when compared with revenues in the second half of 2020”, Helash wrote. “On a full year basis, we estimate revenue growth in the low double-digit to mid-teens range for 2021 as compared with 2020, in line with our forecast”. teens.
In 2020, the firm listed in Nasdaq under the nemo MBII, had revenues of US$38,4 million, after rising 31%, with operating expenses of US$40 million.
The CEO added further positive developments in a number of other key financial metrics in 2021. "We expect full-year gross margins for 2021 to be in line with our target of upper 50% range, and full-year operating expenses will be relatively flat compared to last year.”
The letter came some days after the company announced it has relocated its corporate headquarters from Davis, California, to Raleigh, North Carolina, to support the company’s growing presence in markets outside the United States. The move predominantly affects corporate executive positions. Davis will continue to be the hub for the company’s research and development operations, along with a number of support functions.
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SUBSCRIBE TO OUR NEWSLETTER
Suscríbete a nuestro newsletter
Last issue articles
- A biological march that goes at full speed
- Video: the fantastic language between Trichoderma and plants, a key to the development of bioinputs
- Research identifies the exact moment when heat stress hits corn hardest
- Dr. Patrick Brown Kicks Off Redagricola's Series On Biostimulants And Biocontrol That Will Run Throughout 2022
- SAS Expands Its Bio-inputs Catalog With Latin American Flavors
- 8 keys on the new process for the approval of biopesticides in Europe
Market movers
- Brazilian BP Bunge Bioenergia will extend the use of biofertilizers to all its sugar cane fields
- Mosaic and BioConsortia Expand Nitrogen Fixing Microbial Products to Asia Markets
- Corteva and Marrone Bio agree on exclusive distribution of new bionutrient in Europe
- Holandesa Koppert invierte US$ 10 millones en Brasil para ampliar planta de biológicos
- Hello Nature creates joint venture for a US$ 50 million factory in Indiana, USA
- Florida-based Salveo Agro receives early-stage investment to globalize its biocontrol technology
- Brazilian Agrivalle signs partnership with subsidiary of Canadian Nutrien for distribution of biological products in the largest agricultural states in Brazil
- Harpe Bioherbicide Solutions secures US$3 million in financing round
- Scientists From Southern Chile Develop Biopesticide From The Lupine Legume
- Agrichem Bio Broadens the Label Of Its Biofungicide Actileaf
About us
Biologicals Latam es una revista digital de Redagrícola que informa de manera especializada sobre la intensa actividad que se está desarrollando en el espacio de los bioinsumos para la producción agrícola. Esta publicación es complemento del Curso Online de Bioestimulantes y Biocontrol y las conferencias que este grupo de medios realiza en torno al tema.