Company: Bioceres S.A.
Symbol: BIOX
Description: They are a fully-integrated provider of crop productivity solutions, including seeds, seed traits, seed treatments, biologicals, high-value adjuvants and fertilizers.
Shares: 11.8 million
Price Range: $10.00-$12.00
Trade Date: 2/7
Underwriter(s): Jefferies, Piper Jaffray, Santander, SunTrust Robinson Humprhey
Co-Manager: Mirabaud Securities
Terms Added: 1-23-18
Business: Unlike most industry participants that specialize in a single technology, chemistry, product, condition or stage of plant development, this company has developed a multi-discipline and multi-product platform capable of providing solutions throughout the entire crop cycle, from pre-planting to transportation and storage. Their platform is designed to cost-effectively bring high-value technologies to market through an open-architecture approach.
Chart of Innovation:
Financials: Their total revenues were $10.20 million and $44.35 million, and their loss was $3.73 million and $9.71 million in 2015 and 2016, respectively. In the quarter September 30, their total revenue were $1.96 million and $34.99 million and their loss was $1.31 million and $7.08 million in 2016 and 2017, respectively. The comparability of their results of operations is affected by the consummation of their acquisition of Rizobacter, which was consummated on October 19, 2016. Their results of operations for periods prior to the acquisition date do not include the results of Rizobacter and therefore are not comparable to their results for periods after this date.
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