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I feel like an idiot for being here for 20 years...
BIG BIG DAY so far ...up a whopping 6 cents on a HUGE vol. of 4000 shares....this could be the start of our climb to $ 6
Some force seems to be supporting the stock in the mid .80's. They were supporting it in the $1.10 range, then when they authorized those 2,000,000 warrants to shares, it dropped the book value per share by about that much, thus mid .80's now. I hope for a miracle, but would be happy with closure soon. The unknown hurts more than the truth sometimes.
This company is a poster child for how to destroy a great product....someone should sue them....is incompetence a valid claim
Never thought I'd be happy to see us just get back to $ 1, which seems to be a long way from here
Simon and Garfinkle said it best " slip siding away"
The breakout looks down not up
Selling a losing asset by itself is not a choice...it would be included in a sale of the whole company......in my opinion they will not get much more than $ 1.15---$ 1.30 after paying off debt
$2+ would be a miracle
Better volume today but not a break-out $RIBT
I've been here almost as long, 16 years . . . What can we expect: Sell some assets to become profitable or the whole company? And price per share at $2-3, slightly above book value?
If you entire portfolio averages less than $1 then I can understand you BULLISH symbol...unfortunately I need $8 to break even based on all the splits
This has been 20 years of agony going thru one incompetent management team after another
CC of interest>>>
William Keneally
In the first quarter of 2023, we recognized other income of $300,000 upon receipt of restitution payments from a former employee, which had been ordered by a federal court in 2012.
That $300,000, guessing came from Brad Edson, the first RIBT CEO(then was NTRZ. All the CFO's and CEO's a since 2012 got nothing, Keneally here for one month so far and he got $300,000. Just worth 4 cents per share, but if you got 25,000 shares, you got $1,000. So copytele will get an extra $10,000 extra for his 250,000 shares??
https://www.sec.gov/news/press/2011/2011-10.htm
Sounds like one logical scenario would be to sell off the money losing 'value-added derivatives business', and keep the profitable milling business.
Either way, based on the CEO's general comments, there will clearly be some significant changes coming -
"While the process is still ongoing, I can say at a high level that there is an active interest in the assets of the company, a number of opportunities that are being evaluated and with that a variety of potential outcomes."
---
RiceBran Technologies (RIBT) Q1 2023 Earnings Call Transcript
https://seekingalpha.com/article/4603919-ricebran-technologies-ribt-q1-2023-earnings-call-transcript?utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated
Peter Bradley
Thank you, Jeff, and good afternoon to everyone. The primary focus of the Board of Directors during the past few months has been a strategic review of our business. Over the years multiple management teams with different strategies and a variety of initiatives have worked to try and create value in the public markets and none have reached the level of scale that were able to support the high fixed costs of this business in a sustainable way.
Given the company's market cap and the underlying value of our assets, we felt an exploration of strategic alternatives was warranted. In the first quarter, the Board made substantial progress with this effort. While the process is still ongoing, I can say at a high level that there is an active interest in the assets of the company, a number of opportunities that are being evaluated and with that a variety of potential outcomes.
While this review has been underway, our milling businesses maintained their current levels of performance in the first quarter compared to the second half of last year. This performance was offset by continued challenges in our value-added derivatives business. The agreement with Gander Foods with respect to our rice milling operations continue to drive improvement in the operating results at Golden Ridge.
Towards the end of the first quarter, we completed the capacity upgrade at MGI, providing us with 50% more capacity and a broader range of manufacturing capabilities. Production at MGI as of this month is fully online and so we believe we have a solid platform for future growth. The added value derivatives business continues to offset the gains we have made elsewhere due to increased competition and processing challenges internally.
During the quarter, Bill Keneally was named RiceBran's Interim CFO. Bill brings a significant amount of experience in mergers, acquisitions and valuation initiatives, which should serve the Board well as we explore strategic alternatives. During his career he has been instrumental in selling businesses and restructuring enterprises. These are important skills for RiceBran at this time.
We welcome Bill to RiceBran and let me now turn the call over to him to discuss the results in detail.
William Keneally
Thank you, Peter, and good afternoon everyone. First quarter revenues were $9.3 million, a 12.2% decrease compared to $10.6 million in the first quarter last year. This year-over-year decrease was primarily due to our value -- our added value derivatives business as Peter discussed.
Gross loss was $300,000 compared to a gross profit of $500,000 in the first quarter of 2022. The $800,000 decrease in gross profit was also attributed to our added value derivatives business. Selling, general and administrative expenses were $1.7 million, unchanged from the first quarter last year as we continue to aggressively manage expenses.
Operating losses this quarter were $2 million compared to $1.2 million in the first quarter of 2022. In the first quarter of 2023, we recognized other income of $300,000 upon receipt of restitution payments from a former employee, which had been ordered by a federal court in 2012.
As a result of higher operating losses being offset by lower other expenses, net loss in the first quarter of 2023 was $2 million or $0.31 per share, compared to $1.5 million or $0.29 per share in the first quarter of 2022. Adjusted EBITDA losses were $1.2 million in the first quarter of 2023, compared to adjusted EBITDA losses of $400,000 in the first quarter of 2022.
Turning to the balance sheet. We had $3.4 million in cash and equivalents as of March 31, 2023, a decline of $500,000 from December 31, 2022 due to cash used in operations and capital expenditure.
In conclusion and as Peter stated at the start of this call, the Board has submitted a strategic review of all the possible alternatives for the company. These alternatives are at various stages of review. And given the sensitive nature of this process, we are unable to provide further details at this time and therefore will not be taking any questions. Thank you for your time today.
It sure looks like a deal is likely. If so, at this stage, the lawyers of the other side would demand to see the official Q1 results at this stage of negotiations. They probably knew already, but everything has to be verified for the shareholders, lawyers or such of the buyers. Who buys a new car with out warranty forms, insurance and a test drive first.
Does a 3 minute conference call with no questions taken give you a warm and fuzzy feeling, or do you just wanna stick your head in the toilet??
~~~~we are toast?
I'll get in the que, but will not speak unless I think it will do any good...Todd was always helpful....but he's gone now
What if we had a good Quarter?````Are you going to call in?
I originally thought $1.50 I'm lowering it to $ 1.10
Cross your fingers folks.
$RIBT RiceBran Technologies to Host First Quarter 2023 Financial Results Conference Call on May 11 at 4:30 p.m. EST
I hope they announce the sale of the company that day, thus the last call ever.
https://finance.yahoo.com/news/ricebran-technologies-host-first-quarter-200600684.html
TOMBALL, TX / ACCESSWIRE / May 9, 2023 / RiceBran Technologies (NASDAQ:RIBT), a global leader in the development and production of critical nutritional and functional ingredients derived from small and ancient grains for the healthy food, nutraceutical, pet care and animal feed markets, announced that Peter Bradley, Executive Chairman and William Keneally, Interim Chief Financial Officer, will host a conference call on Thursday, May 11, at 4:30 p.m. EST to discuss the Company's financial results for the first quarter ended March 31, 2023.
The call information is as follows:
Date: May 11, 2023
Time: 4:30 p.m. Eastern Standard Time
Toll Free Dial-in number for US/Canada: 800-579-2543
Dial-In number for international callers: 785-424-1789
Webcast: https://www.ricebrantech.com/investors
Following the conclusion of the live call, a replay of the webcast will be available on the Investor Relations section of the Company's website for at least 90 days. A telephonic replay of the conference call will also be available from 7 p.m. EST on May 11, 2023 until 11:59 p.m. EST on May 25, 2023 by dialing 877-481-4010 (United States) or 919-882-2331 (international) and using the passcode 48413.
Why??? Because 25 years of one incompetent management team after another
The buyer will make a fortune...he'll steal the company and ramp up sales with people who know what their doing...we outta sue the board for stupidity
Why , with inflation & a food stock doesn't this thing move? $STALL
Sabby Management sold all their stock in early 2018. I am guessing this is the same Sabby. So the 1 for 200 split was before they sold. I am guessing this has to do with the Gander Foods deal getting rice from farmers for Golden Ridge last year and the warrants they were given as part of the deal. I thought these warrants would have to be resolved before the company or parts sold and is now, so if I am right this time, this info has been known to any potential buyer before any deal was struck.
So, hopefully, a nothing burger.
Sabby Volatility Warrant Master Fund, Ltd. , 1,800,000 shares offered? They have not been in RIBT since prior to the 1 for 200 reverse split and the 1 for 10 recent reverse split. I admit I am not a good form guy, but,,,,,,,,
https://www.sec.gov/Archives/edgar/data/1063537/000143774923011940/ribt20230428_s1a.htm
copy, I don't think technicians mean much now. Somebody sold 7075 shares after hours at .9932, the bid. The bid before 4PM was no lower than $1.04. That might have cost the seller $331.11. Of course, in bid could have droped because of his trade, but it all went off at .9932.
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
Can the volume go lower? ````Volume proceeds price.
I feel RIBT is a gold mine for a buyer, or buying parts of the company and worth much more than $1.50. In it's history since 2005, RIBT has never had a food production and or ingredient production CEO.
Brad Edson - He ended up in ankle bracelets
John Short - Sunglass CEO and ladies clothing CEO and BK experience.
Robert Smith - Scientist for a Lee County Florida nutraceutical company, that never put any product out. No management experience.
Brent Rystrom From CFO to CEO, no management experience.
Now, no CEO. Bradley an ingredient specialist was called Executive Chainman of the Board. And Mitchel took over as COO, no management experience, just finance.
This was an 18 year Board of Directors failure for not hiring anybody qualified in food or ingredient production. Any company buying RIBT or parts of it will be buying a gold mine, IMO.
It's a done deal imo...around $ 1.50
So many opportunities have passed RIBT by>>>>>
Another new study>>>>
Designing and characterizing multicomponent, plant-based bigels of rice bran wax, gums, and monoglycerides
https://www.sciencedirect.com/science/article/pii/S0268005X22009456
New article out just before the buying might have cause the late trading today>>>>
RiceBran Technologies' (NASDAQ:RIBT) Shares Not Telling The Full Story
https://finance.yahoo.com/news/ricebran-technologies-nasdaq-ribt-shares-185246643.html
You may think that with a price-to-sales (or "P/S") ratio of 0.2x RiceBran Technologies (NASDAQ:RIBT) is a stock worth checking out, seeing as almost half of all the Food companies in the United States have P/S ratios greater than 0.9x and even P/S higher than 3x aren't out of the ordinary. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's limited.
Simply Wall St
Wed, April 19, 2023 at 1:52 PM CDT
You may think that with a price-to-sales (or "P/S") ratio of 0.2x RiceBran Technologies (NASDAQ:RIBT) is a stock worth checking out, seeing as almost half of all the Food companies in the United States have P/S ratios greater than 0.9x and even P/S higher than 3x aren't out of the ordinary. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's limited.
View our latest analysis for RiceBran Technologies
ps-multiple-vs-industry
ps-multiple-vs-industry
How RiceBran Technologies Has Been Performing
RiceBran Technologies certainly has been doing a great job lately as it's been growing its revenue at a really rapid pace. It might be that many expect the strong revenue performance to degrade substantially, which has repressed the P/S ratio. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.
We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on RiceBran Technologies' earnings, revenue and cash flow.
Is There Any Revenue Growth Forecasted For RiceBran Technologies?
There's an inherent assumption that a company should underperform the industry for P/S ratios like RiceBran Technologies' to be considered reasonable.
If we review the last year of revenue growth, the company posted a terrific increase of 34%. The latest three year period has also seen an excellent 76% overall rise in revenue, aided by its short-term performance. Therefore, it's fair to say the revenue growth recently has been superb for the company.
This is in contrast to the rest of the industry, which is expected to grow by 5.1% over the next year, materially lower than the company's recent medium-term annualised growth rates.
With this in mind, we find it intriguing that RiceBran Technologies' P/S isn't as high compared to that of its industry peers. It looks like most investors are not convinced the company can maintain its recent growth rates.
What We Can Learn From RiceBran Technologies' P/S?
Generally, our preference is to limit the use of the price-to-sales ratio to establishing what the market thinks about the overall health of a company.
Our examination of RiceBran Technologies revealed its three-year revenue trends aren't boosting its P/S anywhere near as much as we would have predicted, given they look better than current industry expectations. When we see strong revenue with faster-than-industry growth, we assume there are some significant underlying risks to the company's ability to make money which is applying downwards pressure on the P/S ratio. It appears many are indeed anticipating revenue instability, because the persistence of these recent medium-term conditions would normally provide a boost to the share price.
There are also other vital risk factors to consider and we've discovered 4 warning signs for RiceBran Technologies (2 are potentially serious!) that you should be aware of before investing here.
Of course, profitable companies with a history of great earnings growth are generally safer bets. So you may wish to see this free collection of other companies that have reasonable P/E ratios and have grown earnings strongly.
RIBT had about 30,000 shares traded about in the last hour before the close. Yesterday somebody was was raising the bid to get others to sell into him. Maybe a little inside info stuff? A deal can not come soon enough for me.
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
copy, that is more BS with the Deep State developing new strains of rice "They Say" will stop global warming, which we don't have anyway, more BS.
What they want is to make big money off the the new rice with a seed control monopoly.
I hope they have already tried a reverse merger with Riceland. They do not have a listing on any exchange. This would be a good chance for Riceland to get into oats and barley on the cheap.
I hope he did resign on his terms...he was the only officer who knew what end was up..this new guys only job is to sell the company...he's an " exit strategy" guru....
Just in, the Biden administration will block the reverse Tik Tok/RIBT merger unless China gives his son Hunter more money. All this is rumor, I try not to give too much credibility to this buy you never know
Carl, you might be a bit low. TikTok wants to do a reverse merger with RIBT so they can get a NASDZAQ listing.
Hope you own the stock at less than $2...that will probably be the net proceeds after debt paid off..
Cattle drive xela .80 1.30
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RiceBran Technologies is a specialty ingredient company focused on the development, production, and marketing of products derived from traditional and ancient small grains. Notably, we are global leader in the production and marketing of stabilized rice bran (SRB), and high value-added derivative products derived from SRB, as well as a processor of rice, rice co-products, and barley and oat products. We create and produce products utilizing proprietary processes to deliver improved nutrition, ease of use, and extended shelf-life, while addressing consumer demand for all natural, non-GMO and organic products. The target markets for our products include food and animal nutrition manufacturers and retailers, as well as specialty food, functional food and nutritional supplement manufacturers and retailers, both domestically and internationally. More information can be found in the Company's filings with the SEC and by visiting our website at http://www.ricebrantech.com.
RiceBran Technologies Reports First Quarter 2022 Results
Link: https://irdirect.net/prviewer/release_only/id/5018036
Investor Contact
Rob Fink / Matt Chesler, CFA
FNK IR
ribt@fnkir.com
646.809.4048 / 646.809.2183
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