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Bioceres Crop Solutions Corp. (symbol: BIOX) is a comprehensive provider of crop productivity solutions, operating through three main segments: Seed and Integrated Products, Crop Protection, and Crop Nutrition. Headquartered in Rosario, Argentina, and a subsidiary of Bioceres LLC, the company has a global presence in over a dozen countries including the United States, Brazil, and France.
The Seed and Integrated Products segment is dedicated to the development and commercialization of seed technology, biotechnological events, germplasm, and seed treatments. This division is notable for its HB4 program, which offers drought-tolerant seed technology to enhance crop resilience.
In the Crop Protection segment, Bioceres develops, produces, and markets a variety of products including adjuvants, insecticides, fungicides, and baits. These products are designed to protect crops from a range of pests and diseases, ensuring higher yields and better crop quality.
The Crop Nutrition segment focuses on the development, production, commercialization, and sale of inoculants, bio-inductors, and biological and microgranulated fertilizers. These products aim to optimize soil health and nutrient availability, hence promoting better crop growth and productivity.
Bioceres Crop Solutions Corp. is recognized for its multi-discipline and multi-product platform, capable of providing end-to-end solutions throughout the entire crop cycle—from pre-planting to transportation and storage. The company's innovative approach and strategic partnerships have positioned it as a leader in agricultural biotechnology and crop productivity solutions, making a significant impact on global agriculture.
Stay updated with the latest news and developments from Bioceres Crop Solutions Corp. as they continue to innovate and expand their product offerings to meet the evolving needs of today's agricultural landscape.
Syngenta Seedcare has partnered with Bioceres Crop Solutions (NASDAQ: BIOX) to exclusively commercialize its biological seed treatment solutions globally. This collaboration, stemming from a productive 20-year relationship, aims to accelerate the registration of existing products while jointly developing new solutions. The biological seed treatment market is expected to grow from $0.6 billion in 2020 to $1.6 billion by 2030. The agreement will enhance the availability of sustainable farming solutions while focusing on key markets like Brazil and China.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) reported strong financial results for the fourth quarter and fiscal year ended June 30, 2022. The fourth quarter saw a 44% increase in comparable revenues to $104.1 million, while full fiscal year revenues rose 62% to a record $319.3 million. HB4 Wheat revenues of $12.4 million marked a 94% increase YoY. Gross profit for the quarter was $41.4 million, a 32% increase, and Adjusted EBITDA reached $61.9 million, up 24%.
Successful mergers and ongoing regulatory approvals for HB4 products further bolster the company’s growth prospects.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) announced a conference call on September 8, 2022, at 8:30 a.m. ET to discuss its fourth quarter and fiscal year results for the period ending June 30, 2022. The call will feature key executives, including CEO Federico Trucco and CFO Enrique Lopez Lecube, and will include a Q&A session. A press release with detailed results will precede the call, and a replay will be available until September 13, 2022.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) has finalized capital commitments related to its merger with Marrone Bio Innovations, issuing secured guaranteed convertible notes worth $55 million with a 4-year maturity at an interest rate of 9%. The proceeds will address financial obligations of ProFarm Group and support merger synergies. Additionally, Bioceres issued new secured notes for $24.4 million to cover remaining convertible notes from 2020. Both note issuances aim to enhance operational efficiency while maintaining a strong financial structure.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) will participate in the Canaccord Genuity 42nd Annual Growth Conference from August 8-11, 2022, in Boston, MA. Key executives, including Chairman Federico Trucco and CFO Enrique Lopez Lecube, will conduct one-on-one meetings to discuss the company’s recent acquisition of Marrone Bio Innovations and HB4® Wheat and Soy approvals on August 10-11. Bioceres will also present on August 11 from 11:00-11:25 AM ET. For more details, visit the conference website or contact investor relations.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) announced the successful integration of Marrone Bio Innovations, Inc. (NASDAQ: MBII), valued at approximately $207 million. The merger, approved with 99.74% of votes on July 8, 2022, enhances Bioceres's position in sustainable agricultural solutions. MBI will operate as ProFarm, integrating its operational capabilities while leveraging expertise from former key employees. Changes in leadership include the addition of MBI directors to Bioceres's Board. This acquisition aims to foster a carbon-neutral agricultural landscape through innovative biological solutions.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) announced the FDA's conclusion of its evaluation of HB4® Wheat, indicating no further safety questions. This marks a crucial step toward commercialization in the U.S., pending USDA approval. The United States ranks fifth in wheat production, with HB4® Wheat already authorized in Argentina and recent approvals in Brazil, Colombia, Australia, and New Zealand. The HB4® technology significantly boosts wheat yields by 20% in water-limited conditions, promoting sustainable agricultural practices.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) will participate in the ROTH 8th Annual London Conference from June 21-23, 2022, held at the InterContinental London Park Lane. CEO Federico Trucco and CFO Enrique Lopez Lecube are set to engage in one-on-one meetings to discuss the company’s fiscal Q3 2022 financial results and its merger agreement with Marrone Bio Innovations. For details about the conference or to connect with the company, interested parties can contact ROTH representatives or reach out via email.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) reported a strong fiscal third quarter 2022, with comparable revenues rising 72% to $60.1 million. The company achieved key regulatory approval for HB4 Soy in China, enabling commercialization in multiple countries. EBITDA targets for HB4 Soy in FY25 are projected at $20-25 million. Additionally, HB4 Wheat received approval in Colombia, Australia, and New Zealand, with expected revenues of $10-12 million for the upcoming planting season. The merger with Marrone Bio Innovations is set to close in Q1 FY23.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) is set to discuss its fiscal Q3 2022 results on May 12, 2022, at 8:30 a.m. EDT. The call will be hosted by CEO Federico Trucco, CFO Enrique Lopez Lecube, and Head of Investor Relations Rodrigo Krause. It will include a presentation and a Q&A session. The company aims to support the transition towards carbon-neutral agriculture with its biotech solutions focused on crop productivity. A replay will be available until May 17, 2022.
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