BioAmber Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015; Reports Impairment Losses for the Second Quarter Ended June 30, 2015
August 04, 2015 at 04:01 pm EDT
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BioAmber Inc. announced unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the period, revenue was $342,000 against $415,000 a year ago. Operating loss was $10,894,000 against $10,378,000 a year ago. Net loss was $14,826,000 against $14,145,000 a year ago. Net loss attributable to the company's shareholders was $14,026,000 against $13,992,000 a year ago. Net loss per share attributable to the company's basic shareholders was $0.58 against $0.75 a year ago. Net cash used in operating activities was $15,571,000 against $7,951,000 a year ago. Acquisition of property and equipment was $52,433,000 against $32,728, 000 a year ago. Adjusted net loss attributable to the company's shareholders was $9,529,000 against $7,465,000 a year ago. Adjusted net loss per share attributable the company's basic shareholders was $0.39 against $0.40 a year ago.
BioAmber Inc. (BioAmber), formerly DNP Green Technology, Inc., is an industrial biotechnology company, which produces sustainable chemicals. The Company's technology platform combines industrial biotechnology and chemical catalysis to convert renewable feedstocks into sustainable chemicals that are replacements for petroleum-derived chemicals, which are used in a range of everyday products, including plastics, food additives and personal care products. Its geographical segments include Europe and North America. Its product pipeline includes the derivatives of bio-succinic acid, such as 1,4 Butanediol (1,4 BDO) and tetrahydrofuran (THF), and succinic acid-based polyesters, and C6 building block chemicals, such as adipic acid, caprolactam and hexamethylenediamine (HMDA). Its products are used in various applications, including polyurethanes, resins and coatings, de-icing and coolant solutions, fine chemicals, lubricants, carpets, engineering plastics and artificial leather products.
BioAmber Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015; Reports Impairment Losses for the Second Quarter Ended June 30, 2015