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Last $3.49 USD
Change Today -0.04 / -1.13%
Volume 9.5K
RIBT On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

ricebran technologies (RIBT) Snapshot

Open
$3.50
Previous Close
$3.53
Day High
$3.60
Day Low
$3.48
52 Week High
05/28/14 - $7.45
52 Week Low
01/29/15 - $2.50
Market Cap
32.8M
Average Volume 10 Days
24.7K
EPS TTM
$-3.91
Shares Outstanding
9.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RICEBRAN TECHNOLOGIES (RIBT)

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ricebran technologies (RIBT) Details

RiceBran Technologies engages in processing and marketing of healthy, natural, and nutrient dense products that are derived from raw rice. It manufactures and distributes stabilized rice bran (SRB) in various granulations together with other products and derivatives; and extracts crude rice bran oil, and defatted rice bran from rice bran, animal nutrition products, human food and animal nutrition product derivatives and co-products. The company produces RiSolubles, a nutritious carbohydrate and lipid rich fraction of SRB; RiFiber, a fiber rich derivative of SRB; RiBalance, a rice bran nutritional package derived from further processing of SRB; distilled fatty acids, a raw material for the detergent industry; and rice lecithin, which has application in human nutrition, animal nutrition, and industry. It serves manufacturers, wholesalers, and retailers of natural food, functional food, cosmetic, and animal nutrition products in the United States, Brazil, and internationally. The company was formerly known as NutraCea and changed its name to RiceBran Technologies in October 2012. RiceBran Technologies was incorporated in 1998 and is headquartered in Scottsdale, Arizona.

295 Employees
Last Reported Date: 03/31/15
Founded in 1998

ricebran technologies (RIBT) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $383.7K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $255.0K
Senior Vice President of Operations and R&D
Total Annual Compensation: $174.0K
Senior Vice President of Sales & Marketing an...
Total Annual Compensation: $198.5K
Compensation as of Fiscal Year 2014.

ricebran technologies (RIBT) Key Developments

RiceBran Technologies Enters Senior Secured Revolving Credit Facility Agreement

RiceBran Technologies entered into a Loan, Guarantor and Security Agreement with Full Circle Capital Corporation as agent and lender and certain of Company's subsidiaries as joint and several guarantors, pursuant to which Company was extended a senior secured credit facility comprised of a $3,500,000 revolving loan and an initial $2,500,000 term loan, which term loan can be increased by up to $2,000,000 within 24 months. The funds will be used for general corporate purposes and to provide working capital to facilitate future growth. Under the Credit Agreement, the Company may borrow under the revolving loan up to the lesser of the Borrowing Base and the revolving loan commitment of $3,500,000. The loan matures on June 1, 2018, subject to two one-year maturity extensions. This credit facility is subject to certain financial and non-financial covenants. The loan bears interest at a variable interest rate based on LIBOR, with a 0.75% floor and 1.25% cap, plus 10.75% per annum, and the Company will pay certain fees, as set forth in the Credit Agreement. As part of the agreement, the Lender received warrants to purchase a total of 300,000 shares of Company's common stock at an exercise price per share of $5.25, exercisable over a five-year term. The loan is guaranteed by the Subsidiary Guarantors and is secured by substantially all of the assets of the Company and Subsidiary Guarantors other than 50% of the Company's interest in RBT-Pro, LLC and Nutra SA, LLC. The Credit Agreement imposes certain restrictions on the Company and Guarantors, including on its ability to (i) incur indebtedness, (ii) incur liens, (iii) make investments, (iv) permit a Change in Control (as defined in the Credit Agreement) or dispose of all or substantially all of its assets, (v) make capital expenditures not in the ordinary course of its business, (vi) issue or distribute capital stock, (vii) make distributions to its shareholders, (viii) engage in any line of business other than the business engaged in on the date of the Credit Agreement and businesses reasonably related thereto, and (ix) enter into transactions with any affiliates. Each of these restrictions is subject to certain exceptions, as specified in the Credit Agreement.

RiceBran Technologies Closes on $8 Million Three Year Debt Facility from Full Circle Capital

RiceBran Technologies announced that it has closed on an $8 million three year debt facility with Full Circle Capital to provide working capital and term loans to facilitate future growth. The financing will take the form of a $3.5 million senior secured revolving working capital facility, a $2.5 million term loan and up to $2 million of additional term loans. The company intends to use the proceeds from this financing as working capital and for capital expenditures to support revenue growth of its proprietary rice bran-based ingredients and turnkey product solutions from its USA Segment as well as its rice bran oil and derivatives production in Brazil.

RiceBran Technologies Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015

RiceBran Technologies announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported that its consolidated revenues rise to $9.7 million, up 25.7% from $7.7 million in first quarter of 2014. The increase was a direct result of increased revenues from the company's Brazil segment where production was reinitiated at Irgovel in January 2015 after the completion of annual maintenance and facility repairs in December. Negative earnings before interest, taxes, depreciation, amortization, stock-based compensation and other non-cash charges was $1.6 million. This compares to negative adjusted EBITDA of $0.9 million in first quarter of 2014. For the first quarter of 2015 the company recorded a net loss attributable to shareholders of $3.0 million or a loss of $0.33 per diluted share on 9.15 million weighted average shares outstanding. This compares to a loss of $1.9 million or $0.62 per diluted share. Unadjusted EBITDA was $1.740 million against $0.224 million a year ago. Adjusted EBITDA was $1.571 million against $0.897 million a year ago.

 

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