Company Information

  

Address: 3850 ANNAPOLIS LANE NORTH, SUITE 180  
City: PLYMOUTH 
State: MN 
Zip Code: 55447-5476 
Telephone: 612-747-4423 

Description of Business

Primary SIC Code: 2860
(As filed with the SEC)  

We are an industrial biotechnology company producing renewable chemicals. Our proprietary technology platform combines industrial biotechnology and chemical catalysis to convert bio-based feedstocks into renewable chemicals that are cost-competitive replacements for petroleum-derived chemicals used in a wide variety of everyday products including plastics, resins, paints, food additives and personal care products. We currently sell our first product, bio-succinic acid, to customers in a variety of chemical markets. We produce bio-succinic acid at our facility in Sarnia, Ontario, pursuant to a joint venture agreement with Mitsui. Succinic acid can be used to manufacture a wide variety of products used every day, including plastics, food additives and personal care products, and can also be used as a building block for a number of derivative chemicals.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2017-0.76NAN/E
03/2017-0.39NAN/E
12/2016-0.78NAN/E
09/20162.32NA1.83
06/20162.27NA1.31
03/20161.53NA2.75
12/20151.52NA4.07
09/20151.38NA3.88

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.10Total Liab/Total Assets0.47
Net Inc/Total Assets-0.18Total Liab/Inv Cap0.81
Net Inc/Inv Cap-0.31Total Liab/Comm Equity0.27
Pretax Inc/Net Sales-3.43Interest Coverage RatioNA
Net Inc/Net Sales-3.43Curr Debt/Equity0.48
Cash Flow/Net Sales-4.55LTD/Equity0.60
SG&A/NetSales1.50Total Debt/Equity1.08
Asset Utilization   Liquidity  
Net Receivables Turnover5.34Quick Ratio0.59
Inventory Turnover4.38Current Ratio0.69
Inventory Day Sales0.01Net Rec/Curr Assets0.05
Net Sales/Work Cap-0.60Inv/Curr Assets0.14
Net Sales/PP&E0.07  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 4.12 2.12 0.63 3.66
Cost of Goods Sold 5.73 4.11 2.09 5.03
Selling & Admin Exps 3.47 5.54 2.78 2.25
Operating Income -7.80 -10.63 -7.24 -6.57
Interest Exp NA NA NA NA
Pretax Income -8.85 -1.37 -12.04 -6.72
Other Income -0.61 0.07 -0.60 3.07
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -8.91 -1.38 -12.05 -6.72

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 5.74 14.31 25.06 15.94
Receivables - Total 4.19 0.77 1.56 4.40
Inventories - Total 4.87 4.83 4.50 2.55
Total Current Assets 15.60 20.80 31.42 23.41
Net Property, Plant & Equipment 123.77 121.64 121.63 125.82
Total Assets 147.57 150.73 161.33 157.61
Liabilities        
Accounts Payable 6.15 4.75 6.14 5.60
Debt in Current Liabilities 4.27 3.47 23.30 23.75
Total Current Liabilities 10.41 17.55 45.30 29.35
Long-Term Debt 30.93 30.21 29.03 30.72
Total Liabilities 43.05 49.29 75.32 64.55
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.37 0.35 0.31 0.29
Retained Earnings -227.80 -220.66 -220.77 -210.58
Treasury Stock NA NA NA NA
Total Stockholders' Equity 69.02 65.10 48.49 52.69
Total Liabilities and Stockholders' Equity 112.07 114.38 123.81 117.24

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities -8.15 -10.61 -4.52 -7.43
Net Cash Provided by Investing Activities -0.17 -0.25 -0.13 -0.18
Net Cash Provided by Financing Activities 8.66 -0.02 4.99 18.06

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20122.29-39.54--
12/20132.67-27.93-2.13
12/20141.54-47.352.32
12/20152.17-41.171.52
12/20168.27-28.37-0.78
Growth Rates37.84----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/174119,48037.40




Report Date : 10/16/2017

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