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RiceBran Technologies - RIBT STOCK NEWS

Welcome to our dedicated news page for RiceBran Technologies (Ticker: RIBT), a resource for investors and traders seeking the latest updates and insights on RiceBran Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RiceBran Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RiceBran Technologies's position in the market.

News
RiceBran Technologies Sells Golden Ridge Milling Facility
Rhea-AI Summary
RiceBran Technologies (RIBT) has announced the sale of its Golden Ridge rice mill for $2.15 million, expecting to reduce its annual net loss by approximately $1.5 million. The divestiture aims to streamline operations and preserve the company's significant net operating loss carryforwards. The sale is part of a strategic restructuring process to focus on the future and create value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.33%
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none
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News
RiceBran Technologies Names Two New Independent Directors
Rhea-AI Summary
RiceBran Technologies (RIBT) appoints experienced investors James Flynn and Georgina Russell to its Board of Directors. Both Mr. Flynn and Ms. Russell qualify as independent directors. Mr. Flynn is the Managing Member and Portfolio Manager of Nerium Capital LLC, with a background in investment firms and a degree from MIT. Ms. Russell is the Managing Partner of Chicane GP LLC, with previous roles at Willett Advisors and Smithwood Advisers. Both bring extensive investment experience to advocate for the best interest of shareholders as the company advances its strategic review.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.57%
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none
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News
RiceBran Technologies Reports Third Quarter 2023 Results
Rhea-AI Summary
RiceBran Technologies (OTCMKTS:RIBT) announced financial results for the third quarter ended September 30, 2023. The company reported a total revenue from continuing operations of $4.9 million, down 27% from the same period in 2022. The gross loss was $(480,000), an improvement from the previous year. SG&A expenses decreased, but the loss from continuing operations before other income (expense) increased by 13%. The net loss from continuing operations was $1.8 million, or $0.26 per share, compared to $2.0 million, or $0.29 per share, in the third quarter of 2022. The company's total cash decreased to $466,000 at the end of 3Q23 from $3.9 million at the end of 4Q22.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.67%
Tags
earnings
News
RiceBran Technologies Secures Investment from Funicular Funds, LP
Rhea-AI Summary
RiceBran Technologies (OTCMKTS:RIBT) announced a $4 million cash investment for new debt, equity, and warrants. The company repaid a term loan and exchanged prior warrants for stock and new warrants, providing stability to advance strategic processes. Funicular Funds, LPA fund managed by Cable Car Capital LLC, invested $400,000 in shares of Common Stock at $0.18 per share, with an additional $3.6 million in funding through a newly created senior secured promissory note. The investment includes warrants to purchase approximately 5.0 million shares of Common Stock at an exercise price of $0.18. RiceBran repaid its outstanding term loan of approximately $1.5 million and exchanged warrants to purchase approximately 2.2 million shares of Common Stock for 628,810 shares of Common Stock and new warrants to purchase 1.2 million shares of Common Stock. The company now has approximately 9.5 million shares of Common Stock outstanding, $4 million in five-year debt from Funicular, and approximately 16.4 million shares of Common Stock outstanding on a fully diluted basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30.43%
Tags
none
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News
RiceBran Technologies to Hold Annual Shareholder Meeting on October 16, 2023
Rhea-AI Summary
RiceBran Technologies schedules Annual Shareholder meeting
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.41%
Tags
none
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News
RiceBran Technologies Reports Second Quarter 2023 Results
Rhea-AI Summary
RiceBran Technologies announces Q2 2023 financial results, focuses on reducing costs and exploring strategic alternatives
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
earnings
News
RiceBran Technologies Adopts Tax Benefits Preservation Plan Designed to Protect the Availability of Its Tax Benefits
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
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none
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News
RiceBran Technologies Sells SRB Business
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
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none
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News
RiceBran Technologies Names Eric Tompkins as Executive Chairman and Appoints Him to the Board of Directors
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.26%
Tags
management
News
RiceBran Technologies Reports First Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
earnings
Stock RIBT logo
RiceBran Technologies

OTC:RIBT

RIBT Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

RIBT Stock Data

1.38M
7.14M
3.36%
24.6%
1.21%
Rice Milling
Manufacturing
Link
US
The Woodlands

About RIBT

ricebran technologies (nasdaq: ribt) is unlocking the value of rice bran, an underutilized, renewable and sustainable by-product of the international rice milling industry. using our proprietary and patented technologies to stabilize and further process rice bran, we are able to produce nutrient dense, sustainably sourced rice bran ingredients that increase the nutritional value of foods and beverages. ricebran technologies’ products are non-gmo, vegetarian, vegan, and gluten free. our company has the potential to satisfy a significant portion of the increasing global demand for protein, dietary fiber, edible oil and other human food ingredients, as well as produce finished functional foods and rice bran based nutricosmetics. our technology captures the value of rice bran without increasing the use of arable land or water. ricebran technologies’ target markets include manufacturers and retailers for human food ingredients, packaged functional foods, nutraceuticals, personal care produc