August 25, 2016 2:09 AM ET

Biotechnology

Company Overview of Protea Biosciences Group, Inc

Company Overview

Protea Biosciences Group, Inc., a molecular information company, develops and commercializes proprietary life science technologies, products, and services to identify the molecules that are produced by living cells and various life forms. The company provides molecular information services for the identification of small and large molecules; and services in the areas of mass spectrometry imaging (MSI), proteomics, metabolomics, lipidomics, and bioinformatics. It also offers laser ablation electrospray ionization, a bioanalytical instrument platform that enables the identification of proteins, lipids, and metabolites in tissue, cells, and biofluids, such as serum and urine. It primarily serve...

1311 Pineview Drive

Suite 501

Morgantown, WV 26505

United States

Founded in 2001

35 Employees

Phone:

304-292-2226

Fax:

304-292-7101

Key Executives for Protea Biosciences Group, Inc

Chairman, Chief Executive Officer and President
Age: 70
Total Annual Compensation: $240.0K
Chief Financial Officer
Age: 62
Total Annual Compensation: $145.6K
Chief Operating Officer and Vice President of Operations
Age: 47
Total Annual Compensation: $210.0K
Chief Science Officer and Vice President of Research & Development
Age: 41
Total Annual Compensation: $186.0K
Compensation as of Fiscal Year 2015.

Protea Biosciences Group, Inc Key Developments

Protea Biosciences Group, Inc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Protea Biosciences Group Inc. reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of $581,764, a 20% increase over revenue reported for the first quarter of 2016, The loss from operations for the second quarter of 2016 was $1,435,482, a decrease of 9% compared to the first quarter of 2016. For the six months, revenue was $1,057,102, an increase of 20% over the first six months of 2015. The loss from operations was $3,001,532, a 24% reduction compared to the first six months of 2015. Net cash used in operating activities totaled $2,840,691, a 13% reduction in the net cash used in operations in comparison to the first six months of 2015.

Protea Biosciences Group, Inc. Reports Earnings Results for the First Quarter 2016

Protea Biosciences Group Inc. reported earnings results for the first quarter 2016. The company reported revenue of $475,338, a 22% increase over the revenue reported for the first quarter of 2015. Revenue increases were posted for all business lines. The loss from operations for the first quarter 2016 was $1,566,051, a decrease of 27% compared to a loss from operations of $2,144,529 for the first quarter of 2015. Net cash used in operating activities for the three months ended March 31, 2016 totaled $1,296,505, a decrease of $140,683 or a 10% reduction in the net cash used in operations for the three months ended March 31, 2015.

Protea Biosciences Group, Inc Auditor Raises 'Going Concern' Doubt

Protea Biosciences Group, Inc filed its 10-K on Mar 16, 2016 for the period ending Dec 31, 2015. In this report its auditor, Schneider Downs & Co., Inc., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 20, 2016
--
Private Placement
March 4, 2016
--
Private Placement
August 27, 2015
--
 

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