People & Business :: Earnings/Finance
Metabolix releases fourth quarter results, announces Chinese film distribution deal
9:58 AM MDT | March 27, 2013 | Lindsay Frost
Metabolix reported fourth quarter 2012 results today, citing increased revenue and a slight gain in net income—though net income was reported as a loss for the quarter. Sales of $1.4 million were up over two-fold from the same quarter 2011, due to increased shipments of biopolymers, as well as growth in government grants and product sales. Net income was recorded as a loss of $9.5 million compared to a loss of $9.6 million year-over-year (YOY). Earnings per share at a loss of 28 cts/share were lower than analyst estimates of a loss of 26 cts/share...
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