Last $10.41 USD
Change Today +0.31 / 3.07%
Volume 117.2K
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

bioamber inc (BIOA) Key Developments

BioAmber Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014

BioAmber Inc. announced unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported product sales of $469,000 against $866,000 a year ago. Operating loss was $8,287,000 against $5,848,000 a year ago. Loss before income taxes was $8,448,000 against $8,945,000 a year ago. Net loss attributable to the company shareholders was $8,161,000 or $0.39 basic per share against $8,834,000 or $0.48 basic per share a year ago. Net cash used in operating activities was $2,253,000 against $5,342,000 a year ago. Acquisition of property and equipment was $26,746,000 against $2,494,000 a year ago. Adjusted net loss attributable to the company shareholders was $8,622,000 or $0.41 basic per share against $6,834,000 or $0.37 basic per share a year ago.

BioAmber Inc. to Report Q3, 2014 Results on Nov 06, 2014

BioAmber Inc. announced that they will report Q3, 2014 results at 4:30 PM, US Eastern Standard Time on Nov 06, 2014

BioAmber Inc., Q3 2014 Earnings Call, Nov 06, 2014

BioAmber Inc., Q3 2014 Earnings Call, Nov 06, 2014

BioAmber Enters Five Year Exclusive Supply Agreement for Bio-Succinic Acid in China

BioAmber announced that it has signed an exclusive agreement for the supply of bio-based succinic acid to Xuchuan from 2015 to 2019. The company will ship the succinic acid from Sarnia, Canada to Xuchuan's Chinese facilities. BioAmber announced its Sarnia plant is expected to be completed in early 2015, with an initial capacity of 30,000 tons per year.

Bioamber to Supply Xuchan Chemical with Bio-Succinic Acid

BioAmber has won a five-year deal to supply Chinese polyester polyols and polyurethane (PU) resins firm Xuchuan Chemical with its bio-based succinic acid. BioAmber will supply Xuchuan Chemical from its upcoming joint venture plant with Mitsui & Co at the Sarnia petrochemicals hub in Canada's Ontario province. The plant is expected to be completed in early 2015, with an initial capacity of 30,000 tonnes/year. Xuchuan Chemical will initially use the bio-succinic acid to produce cast polyurethane elastomers (CPU), with BioAmber supplying 300 to 500 tonnes/year of bio-succinic acid for this application. However, Xuchuan, which has four plants in China, is broadening its line of bio-succinic acid-based polyester polyols to other applications, including resins for shoe soles, coating and synthetic leathers, thus opening up a market opportunity of "several thousand tonnes/year" for bio-succinic acid, BioAmber added. BioAmber has signed take-or pay agreements that commit 50% of the output of the Sarnia plant over the first three years of production, and it has committed the balance of available capacity in 2016 and 2017 by signing 20 supply and distribution agreements.

 

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