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Thursday, 03/16/2023 4:18:07 PM

Thursday, March 16, 2023 4:18:07 PM

Post# of 10949
Setbacks in Value-add SRB derivatives weigh on overall results. RiceBran's Value-add SRB derivatives business saw a significant decline in revenue and contribution to adjusted EBITDA in 2022 that offset gains elsewhere. Setbacks in this business were driven by raw material and processing issues which led to inadequate production and resulted in customer losses in the face of new competition.

In light of RiceBran's challenges in achieving its operating and financial targets in 2022, the Company is currently undergoing a strategic review of all the possible alternatives to generate improved returns to its shareholders.
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