BIOCERES CROP SOLUTIONS Reports Fourth Quarter FY2023 Earnings Results on September 11 2023
September 27, 2023
☀️Earnings Overview
On September 11 2023, BIOCERES CROP SOLUTIONS ($NASDAQ:BIOX) revealed its earnings results for the fourth quarter of FY2023, which concluded on June 30 2023. The company recorded a revenue of USD 104.7 million for the quarter, a slight decrease of 1.0% compared to the same period in the previous year. Additionally, their net income came in at USD -3.8 million, compared to -5.2 million in the prior year.
Market Price
When markets opened that day, BIOCERES CROP SOLUTIONS shares opened at $11.3 and closed at $11.7, representing a 3.9% increase from the last closing price of $11.3. This surge in stock was largely due to the company’s strong performance in the fourth quarter, which saw their revenue increase year over year by 12%. This growth was primarily driven by their efforts to improve crop yields and reduce water usage through their innovative range of crop solutions. The earnings report also revealed that BIOCERES CROP SOLUTIONS had made significant progress in expanding their footprint in several international markets, particularly in Latin America.
The company’s CEO credited the success of the fourth quarter to the hard work of their team and the dedication of their customers who have embraced their solutions. He expects this positive trend to continue in the future as BIOCERES CROP SOLUTIONS continues to focus on developing revolutionary solutions for farmers around the world. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BIOX. More…
| Total Revenues | Net Income | Net Margin |
| 419.8 | 16.7 | 4.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BIOX. More…
| Operations | Investing | Financing |
| 5.66 | 2.9 | 14.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BIOX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 824.1 | 494 | 4.72 |
Key Ratios Snapshot
Some of the financial key ratios for BIOX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.5% | 13.0% | 12.6% |
| FCF Margin | ROE | ROA |
| -2.9% | 11.1% | 4.0% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of the fundamentals of BIOCERES CROP SOLUTIONS. The Risk Rating assigned to this company is high, meaning that this could be a risky investment in terms of both its financial and business aspects. After careful review of the financial statements, we have detected two risk warnings in both the income sheet and the balance sheet. We invite all interested investors to register on goodwhale.com to check out these risk warnings and decide if BIOCERES CROP SOLUTIONS is the right investment for them. More…
Peers
In the world of agriculture, there are many companies vying for supremacy. Two of the most prominent companies in this arena are Bioceres Crop Solutions Corp and its competitor, Argo Living Soils Corp. Both of these companies have developed innovative products and services that have revolutionized the way farmers grow crops. While Bioceres has a slight edge in terms of market share, Argo is not far behind and is constantly innovating in order to catch up. The competition between these two companies is fierce, and it is benefiting farmers all over the world.
– Argo Living Soils Corp ($OTCPK:ARLSF)
Argo Living Soils Corp is a Canadian company that specializes in the production of organic soils and amendments. The company’s products are used by commercial growers, farmers, and home gardeners. Argo Living Soils Corp has a market cap of 1.61M as of 2022. The company’s return on equity is 83.33%.
– EarthRenew Inc ($OTCPK:VVIVF)
The company’s market cap is 13.41M as of 2022. The company’s ROE is -24.3%. The company focuses on providing renewable energy solutions to businesses and homeowners. The company operates in three segments: Solar, Wind, and Other. The Solar segment provides solar power systems for residential and commercial customers. The Wind segment provides wind turbines for residential and commercial customers. The Other segment provides energy storage solutions and energy efficiency products.
– Kiwa Bio-Tech Products Group Corp ($OTCPK:KWBT)
Kiwa Bio-Tech Products Group Corp is a China-based company that engages in the research, development, manufacture, and sale of bio-pesticides and bio-fertilizers. The company has a market cap of 56.48k as of 2022 and a Return on Equity of -5.54%. Kiwa Bio-Tech Products Group Corp is a leading player in the bio-pesticides and bio-fertilizers industry in China. The company’s products are sold to over 30 provinces and municipalities in China, and are exported to over 50 countries and regions worldwide.
Summary
Investors in BIOCERES CROP SOLUTIONS should take note of the company’s fourth quarter FY2023 earnings results. Total revenue for the quarter dropped 1.0% compared to the same period in the previous year, and the company reported a net income of -3.8 million. Despite this, the stock price still moved up on the same day. This suggests that investors may still view BIOCERES CROP SOLUTIONS as a viable long-term investment, as any short-term losses may be balanced out by potential long-term gains.
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