Arcadia Biosciences (RKDA) Misses Q3 EPS by 3c, Miss on Revenues

Arcadia Biosciences (NASDAQ: RKDA) reported Q3 EPS of ($0.11), $0.03 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $589 thousand versus the consensus estimate of $1 million.

Financial Outlook

Management continues to target overall revenue growth in 2017 compared to the prior year, led primarily by an expected increase in license revenues. Expenses are expected to hold steadily below prior year, while the company maintains healthy investments in the development and commercialization of its pipeline traits. Management believes these trends will result in a meaningful reduction in the use of cash from operations versus the prior year while continuing to advance its key productivity and nutrition ingredient traits to market.

For earnings history and earnings-related data on Arcadia Biosciences (RKDA) click here.

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