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MBII - Marrone Bio EPS beats by $0.02 misses on revenue
Marrone Bio Innovations Inc.
Marrone Bio (MBII): FY GAAP EPS of -$0.14 beats by $0.02.Revenue of $38.37M (+30.6% Y/Y) misses by $1.23M.Gross margins for the full year were 59.6%, as a result of improved product mix.The focus on cost management resulted in a reduction in operating expenses for both the fourth quarter and the full year.Net income (loss) and Adjusted EBITDA in fiscal year 2020 improved by 46% and 31%, respectively.Shares +10.92%.Press Release