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Epicore Bionetworks Inc. V.EBN

"Epicore Bionetworks Inc develops, manufactures and markets biotechnology products based on natural microbes and enzymes for the aquaculture, agriculture and municipal industries."


TSXV:EBN - Post by User

Comment by smallcap87on Feb 23, 2016 6:54pm
69 Views
Post# 24587335

RE:Another disappointing quarter

RE:Another disappointing quarterThe headline numbers are scary but this quarter was actually pretty good. Management is navigating through a ton of headwinds and still eeking out stable revenue. Q2 last year was the second highest on record when shrimp prices were still really high and the $USD was relatively low. To be coming down only 9% is an achievement in my eyes. Latin America was flat year over year (you can see the breakdown in the financial statements just released) which again is really encouraging because of lower shrimp prices and overall volumes vs. last year and the headwind for its customers because of the $USD. 
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