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Marrone Bio in Davis sees gains in revenue, product shipments | The Sacramento Bee

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Business & Real Estate

Marrone Bio in Davis sees gains in revenue, product shipments

By Mark Glover

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November 15, 2017 10:53 AM

Davis biotech firm Marrone Bio Innovations Inc. saw a 16 percent year-over-year gain in revenue in the third quarter but reported a net loss of $8.5 million in the three-month period.

Marrone’s quarterly revenue totaled $4.2 million, up from $3.6 million in the year-ago period. The company’s net loss in the third quarter of 2016 was $7.2 million.

The local firm noted that product shipments grew 36 percent to $15.2 million through the first nine months of 2017, up from $11.2 million in 2016. MBI said severe weather had a negative impact in some markets; that included damaging hurricanes that recently struck Florida and Puerto Rico.

Mark Glover: 916-321-1184, @markhglover

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