Arcadia Biosciences: 3Q Earnings Snapshot
DAVIS, Calif. (AP) _ Arcadia Biosciences Inc. (RKDA) on Wednesday reported third-quarter net income of $4.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Davis, California-based company said it had net income of 93 cents. Losses, adjusted for non-recurring gains, came to 46 cents per share.
The agricultural biotechnology trait company posted revenue of $370,000 in the period.
In the final minutes of trading on Wednesday, the company’s shares hit $4.30. A year ago, they were trading at $5.65.