The Woodlands / TX. (rbt) RiceBran Technologies, a global leader in the development and production of critical nutritional and functional ingredients derived from small and ancient grains for the healthy food, nutraceutical, pet care and animal feed markets, announced financial results for the three and six months ended June 30, 2021.
«A 28 percent year-over-year increase in revenues and a 70 percent reduction in adjusted Ebitda losses, underpinned by improvements at every facility, signal the successful turnaround of our operations,» said RiceBran’s Executive Chairman Peter Bradley. «Continued strong demand for our SRB derivatives and the announcement of our agreement with AIDP, a leading supplier to the supplement and nutraceutical markets, further validates our strategic shift to higher value-add specialty ingredients. With this important new relationship, an increased supply of raw materials, enhanced production capabilities, and the introduction of new products, we remain confident in our ability to generate continued growth as we transition to sustainable profitability.»
For additional information please refer to the company’s news release (PDF | 65 KB):20210810-RICEBRAN-Q2-2021