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Stock impact report

RiceBran sell Golden Ridge milling facility for $2.15M [Seeking Alpha]

RiceBran Technologies (RIBT) 
Last ricebran technologies earnings: 8/10 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ricebrantech.com/investor-relations
Company Research Source: Seeking Alpha
The divestiture is expected to, based upon Q3 2023 results, further narrow RiceBran's projected annual net loss by ~$1.5M while not jeopardizing the estimated $54.4M in federal and $46M in state net operating loss carryforwards that the Co. had amassed as of Dec. 31, 2022. "This sale eliminates cash and working capital drags on the business' profitability, streamlining operations while preserving the Company's net operating loss carryforward assets," commented Eric Tompkins, RiceBran's Executive Chairman. Recommended For You Show less Read more
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