News

Technology News

Marrone Bio Loses COO and Stops Guidance

Friday, August 8, 2014 5:00:00 AM PDT | VentureDeal
   Davis, California  --  Marrone Bio Innovations (NASDAQ: MBII) announced that its chief operating officer resigned on Tuesday.

The company also declined to provide forward guidance in its second quarter 2014 financial results and conference call.

Company CEO Pam Marrone said that the bad weather in the first part of 2014 contributed to its revenue shortfall, which totaled $3.6 million for the second quarter versus $4.5 million for the same period in 2013.

Marrone also highlighted a number of positive business milestones, including receiving a $10 million loan guarantee from the USDA for its M3 production facility.

Email Page  Email Page | Print Page Print Page

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.
Venturedeal Twitter Venturedeal Facebook Venturedeal Linkedin


PCI - Level1