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RiceBran Technologies (NASDAQ:RIBT) is revolutionizing the use of rice bran, an often overlooked by-product of the global rice milling industry. Utilizing proprietary and patented technologies, the company stabilizes and processes rice bran to create nutrient-rich, sustainably sourced ingredients that enhance the nutritional value of foods and beverages. These products are non-GMO, vegetarian, vegan, and gluten-free, appealing to a wide range of dietary preferences and needs.
RiceBran Technologies has made significant strides in producing high-quality, nutrient-dense ingredients that cater to the growing global demand for protein, dietary fiber, edible oil, and other food components. The company also ventures into functional foods and rice bran-based nutricosmetics, emphasizing sustainability by capturing rice bran's value without increasing the use of arable land or water.
In recent developments, RiceBran Technologies has strategically realigned its business operations. The sale of its stabilized rice bran (SRB) business for approximately $3.5 million has reduced ongoing fixed costs and streamlined its organization. This divestiture is part of a broader strategy aimed at improving financial stability, decreasing projected annual net loss by about $2.2 million, and better positioning the company for future opportunities.
The company has also adopted a Tax Benefits Preservation Plan to safeguard its significant U.S. federal and state net operating loss carryforwards, which can be utilized to reduce future tax liabilities. With a focus on maintaining these tax benefits, RiceBran is better equipped to navigate changes in its investor base and maximize its financial health.
Operationally, RiceBran Technologies has shown improvements in efficiency and capacity, delivering positive gross profits in the second quarter of 2023. The company's strategic review continues, aiming to explore various alternatives to enhance shareholder value. Recent financial maneuvers, including a $4 million cash investment and recapitalization efforts, have further stabilized the company's balance sheet and capital structure.
With an experienced board, including new independent directors James Flynn and Georgina Russell, RiceBran Technologies is well-positioned to leverage its public listing and substantial tax assets. The company remains a global leader in developing and marketing specialty ingredients derived from rice, barley, and oats, catering to both human and animal nutrition markets.
RiceBran Technologies (NASDAQ:RIBT) reported significant year-over-year growth in Q2 2021, with revenues rising 28% to $7.6 million and gross profit improving to $153,000 from a loss of $1.2 million. The company reduced operating losses by 54% and net losses by 51%, reflecting a strategic shift towards high-value SRB derivatives and enhanced production capabilities. A new distribution agreement with AIDP is expected to boost market reach. The company maintains a strong outlook for continued improvements in operating and financial results.
RiceBran Technologies (NASDAQ:RIBT) will host a conference call on August 3, 2021, at 4:30 p.m. EST to discuss its Q2 2021 financial results ending June 30, 2021. Executive Chairman Peter Bradley and CFO Todd Mitchell will lead the call. Interested participants can dial 844-369-8770 (US/Canada) or 862-298-0840 (International) to join. A replay will be accessible for 90 days post-call. RiceBran Technologies specializes in producing nutritional ingredients from rice bran for various markets.
RiceBran Technologies (NASDAQ:RIBT) will hold its 2021 Annual Meeting of Stockholders virtually on June 16, 2021, at 9 a.m. EDT. This decision is a precautionary measure due to concerns surrounding COVID-19. Stockholders are encouraged to participate and vote by proxy on the meeting's proposed matters. For virtual access, stockholders can dial 888-506-0062 (US/Canada) or 973-528-0011 (international), or join via the webcast. RiceBran specializes in nutritional ingredients derived from ancient grains.
RiceBran Technologies (NASDAQ:RIBT) announced its 2021 Annual Meeting of Stockholders will be held virtually on June 16, 2021, at 9 a.m. CDT. This decision is a precautionary measure due to concerns surrounding the COVID-19 pandemic. Shareholders are encouraged to vote by proxy on matters before the meeting. The meeting will include presentations from the Board of Directors and management. For those interested, the meeting can be accessed through a toll-free number or via webcast. More information is available on the company's website.
RiceBran Technologies (NASDAQ:RIBT), a leader in nutritional ingredients from grains, will present virtually at the Stephens Food & Ag Disrupted Conference on May 26, 2021. CFO Todd Mitchell will engage in a fireside chat at 4:00 p.m. EDT, which will be available to stream live and on-demand for 90 days on their website. The company also plans to hold one-on-one meetings with investors throughout the event, furthering their commitment to innovation in natural, non-GMO, and organic products.
RiceBran Technologies (NASDAQ:RIBT) will present virtually at the BMO Capital Markets 16th Annual Farm to Market Conference on May 20, 2021. Executive Chairman Peter Bradley and CFO Todd Mitchell will lead a presentation at 1:20 p.m. EDT, available for live streaming and later replay on their website. The company focuses on producing nutritional ingredients from ancient grains, aiming to meet market demands for natural products. This event highlights their ongoing engagement with investors and showcases their leadership in the specialized ingredient sector.
RiceBran Technologies (NASDAQ:RIBT), a leader in nutritional ingredients from ancient grains, will host a conference call to discuss Q1 2021 financial results on April 28, 2021, at 4:30 p.m. EST. The call will be led by Executive Chairman Peter Bradley and CFO Todd Mitchell. Investors can dial in or access the live webcast on the company's website. A replay will be available post-call for 90 days. This event is part of RiceBran's ongoing commitment to transparency with stakeholders.
RiceBran Technologies (NASDAQ:RIBT) announced its Q4 2020 financial results, reporting a 17% revenue increase year-over-year to $6.8 million. Operating losses improved by 51% compared to the previous year. The company completed the first phase of its turnaround strategy, focusing on high value-added ingredients and enhancing productivity at Golden Ridge. Adjusted EBITDA losses narrowed significantly, reflecting ongoing operational improvements. For 2021, RiceBran anticipates further growth, aiming for positive Adjusted EBITDA and strong revenue increases in its core businesses.
RiceBran Technologies (NASDAQ:RIBT) has appointed FNK IR as its investor relations advisor to enhance stakeholder value through tailored investor relations programs. This partnership is a key component of the company's turnaround strategy, aimed at repositioning and engaging shareholders effectively. FNK IR will provide a comprehensive capital markets strategy and investor relations services to build awareness of RiceBran's value proposition in specialty ingredients.
RiceBran Technologies (NASDAQ:RIBT) will host a conference call on February 25, 2021, at 4:30 p.m. EST to discuss its fourth quarter and full year 2020 financial results. The call will be led by Peter Bradley, Executive Chairman, and Todd Mitchell, Chief Financial Officer. Interested parties can join via a toll-free number or an international dial-in. A replay will be available for 90 days post-call. RiceBran Technologies specializes in value-added products from rice bran and other grains, targeting the food and animal nutrition sectors.
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