MBI sales up 82% in Q3
The US biopesticide company, Marrone Bio Innovations (MBI - Davis, California), recorded an 82.4% increase in sales to $1.3 million in the third quarter of 2013. Product sales were up by over 90% and licensing revenues by around 7%. MBI made additional product sales of $770,000 with extended payment terms. They will be booked in the "appropriate future period", the company notes. Revenues more than doubled to $8.6 million in the first nine months of the year.