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People & Business :: Earnings/Finance
Metabolix narrows loss
3:24 PM MDT | August 6, 2014 | Rebecca Coons
Polyhydroxyalkanoate (PHA) firm Metabolix (Cambridge, MA) reports a net loss of $7.2 million for its second quarter, compared with a net loss of $7.9 million in the year-ago quarter. Sales fell 29.4% year-on-year (YOY), to $1.2 million. Second quarter 2014 revenue consisted primarily of revenue from product sales and government grants. Biopolymer product orders of $0.6 million were shipped and billed during the quarter, Metabolix says. The Company recognized $0.7 million in product revenue during the quarter, primarily from product shipments made during the...
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