Comparing the current results to its competitors, Viaspace Inc reported Revenue increase in the 1 quarter 2019 by 400 % year on year, while most of its competitors have experienced contraction in revenues by -3.54 %, achieved in the same quarter.
Viaspace Inc., slower than the average decrease reported by the company's competitors of -80.49 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -80.49 %
Viaspace Inc's Comment on Competitors and Industry Peers
Many companies, universities and research laboratories worldwide are investigating
grass as a feedstock for cellulosic ethanol and other applications. Monsanto is
an example of a large company focusing on grass as a biofuel. Ceres is an example
of a company focusing on biomass and grass in particular. Much of the competition
is looking at miscanthus or switchgrass. These grasses are suitable for temperate
areas. Much of the competition also is focused on selling seeds. GKG is a natural
hybrid that is not genetically modified nor generally available, and to our knowledge
no one else is growing GKG besides VIASPACE Green Energy, Inc. (“VGE”),
as a commercial crop. Based on publicly available data on switchgrass and miscanthus,
compared to our data on GKG, we believe that GKG has higher productivity than
these and other competing grasses. GKG is most suitable for tropical and subtropical
areas, which are the focus of the our efforts. Because GKG is propagated by seedlings
and not by seeds, it is not an invasive species. We are focusing on projects involving
growing the grass and securing long-term supply contracts for biofuel production,
as a replacement for coal and electricity generation, and as animal feed. With
long-term supply contracts and joint ventures, we plan to capture these recurring
revenue streams.