|From: squeeze (Rep: 54)||Date: 08/15/2019 08:18|
|Forum: ARCADIA BIOSCIENCES, INC - Msg #1255||Thread #674094771 (Rec: 0) |
|$9 assault...$20 mil cash...no offerings 12-24 months...huge revenue ramp the second half of 2019 what's not to love?|
Net income for the second quarter of 2019 was $4.2 million, or income of $0.84 per share, a 164 percent increase from the $6.7 million loss in the second quarter of 2018. Net loss for the first half of 2019 was $8.4 million, or ($1.70) per share, compared to the net loss of $17.3 million for the first half of 2018. The increase for both periods was largely due to the change in the fair value of common stock warrant and common stock adjustment feature liabilities this quarter versus the same quarter last year, partially offset by the $4.0 million initial loss on common stock warrant and common stock adjustment feature liabilities that was recorded in the first quarter of 2018.
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