Business & Real Estate

Davis biotech firm reports loss, lower revenue

Arcadia makes agricultural products designed to make crops more drought tolerant and environmentally friendly.
Arcadia makes agricultural products designed to make crops more drought tolerant and environmentally friendly.

Davis biotech firm Arcadia Biosciences reported a larger loss and lower revenue in its fourth quarter.

In an earnings release late Tuesday, the company said it lost $3.9 million in the quarter, compared with $2 million the year before. Revenue fell to $1.3 million, down from $2.8 million the year before.

For the full year, Arcadia lost $18 million, an improvement over the $18.3 million it lost in 2014. But revenue for the full year fell to $5.4 million from $7 million in 2014.

Arcadia makes agricultural products designed to make crops more drought-tolerant and environmentally friendly.

The company’s shares fell 27 cents to $2.99 in Nasdaq trading Wednesday.

Dale Kasler: 916-321-1066, @dakasler

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