date:May 19, 2014
RiceBran Technologies, a global leader in the production and marketing of value added products derived from rice bran, announced the Company's financial results for the first quarter of 2014 ended March 31, 2014.
Financial Highlights
- Q1 Adjusted EBITDA of $24,000 compared to a loss of $4.0 million in FY 2013
- Q1 consolidated gross margins increased to 18.4%, up from 9.9%
- Q1 consolidated gross profit increased 46% to $1.4 million
- Q1 USA Segment sales grew 72% with gross profit up 130%
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