Replies to post #10311 on RiceBran Technologies (RIBT)

[copytele]

I agree with what you said here~~~~I don't think the quarter was all that bad if you take out the $1,000,000 defective product cost. And RIBT has NEVER had a write-down like that. EBIDTA loss would have only been $323,000 without the loss. Cash at the end of the Q was $5.1M, down from $5..6M . And installation cost getting ready for the new product added more cost. From the call, "I'm very pleased to report that both facilities rose to the occasion in the second quarter by meeting strong demand for high quality, domestically sourced grain, generating mid double digit revenue growth and improved contribution to gross margin. In particular, MGI generated solid year-over-year improvement even while working through operational challenges due to capital improvement executed in the quarter" $RIBT for the long play.