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Marrone Bio Innovations Inc  (MBII)
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    Sector  Basic Materials    Industry Chemical Manufacturing
 
 

Marrone Bio Innovations Inc's Customers Performance

MBII


 
MBII's Source of Revenues


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Marrone Bio Innovations Inc's Customers have recorded an advance in their cost of revenue by 2.55 % in the 1 quarter 2018 year on year, sequentially costs of revenue were trimmed by -5.99 %, for the same period Marrone Bio Innovations Inc recorded revenue increase by 4.09 % year on year, sequentially revenue grew by 30.32 %.

List of MBII Customers




   
Customers Net Income fell in Q1 by Customers Net margin fell to %
-33.64 % 4.06 %
   



Marrone Bio Innovations Inc's Customers, Q1 2018 Revenue Growth By Industry
Customers in Chemicals - Plastics & Rubber Industry -13.48 %   
Customers in Nonalcoholic Beverages Industry      4.26 %
Customers in Agricultural Production Industry -4.88 %   
Customers in Food Processing Industry      1.93 %
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Marrone Bio Innovations Inc's Comment on Sales, Marketing and Customers


In the United States, we sell our products through our own internal sales force, which consists of nine employees focused on managing distributor relationships and creating grower demand for our products. In addition, a dedicated team of four employees provide technical service support to both our customers and sales representatives on the use of our products in IPM programs, both for conventional growers as well as for an expanding number of organic growers and two employees to help create demand at the grower level.. Our sales force covers all major regions in the United States, including California and the Pacific Northwest, the Southeast, the Northeast, the Mid-Atlantic and the Great Lakes regions, with an emphasis on high-value specialty crops (fruits, nuts and vegetables). We currently sell our crop protection product lines, Regalia, Grandevo, Venerate and Majestene, through leading agricultural distributors, such as Crop Production Services, Helena Chemical and Aligned Ag Distributors. These are the same distribution partners that most major agrichemical companies use for delivering solutions to growers across the country. For our water treatment product line, Zequanox, we are seeking sales and distribution partners for in-pipe and open water uses. Zequanox is currently being marketed and sold directly to a selected group of U.S. power and industrial companies.


With respect to sales outside of the United States, we have signed exclusive international distribution agreements for Regalia with major international distributors such as FMC (for certain markets in Latin America), Syngenta (for specialty crop markets in Europe) and Engage Agro (for Regalia Maxx markets in Canada) and Nufarm (for Grandevo for certain markets in New Zealand and Australia). We also intend to work with regional distributors and distributors in key countries who have brand recognition and established customer bases and who can conduct field trials and grower demonstrations and lead or assist in regulatory processes and market development. For example, we are in discussions and have testing agreements with distributors in Central America, South Africa, West Africa, Brazil and Europe.
We have also recently entered into an agreement with Isagro USA with respect to distribution of their Bio-Tam 2.0 product line in California, Oregon, Washington and Arizona. We believe we can leverage our existing sales, marketing and distribution network to bring in additional revenues from sales of this product, while enhancing our overall product portfolio.

While the biopesticide industry has been growing, customers in the crop production and water treatment sectors are generally cautious in their adoption of new products and technologies and may perceive bio-based pest management products as less attractive than conventional chemical pesticides. Growers often require on-farm demonstrations of a given pest management or plant health product, and given the relative novelty of our water treatment products, consumers of those products will continue to require education on their use. We are implementing the following strategies to accelerate adoption rates and promote sales of our bio-based pest management and plant health products:


Maintain a focused and effective sales and marketing team that shares our values. We were significantly negatively impacted by the tenure of our former chief operating officer, who led our sales and marketing teams, and the departure of significant members of our sales staff in the third quarter of 2014. During 2015, we rebuilt our sales and marketing teams, including hiring highly experienced personnel to train our sales force and a new head of marketing to guide an expanded marketing department. In addition, we are now more effectively organizing the data and educational material that we have amassed over nine years of operations on our bio-based products as well as organic and sustainable agricultural practices in order to train and equip our sales staff to communicate with and educate distributors and growers. We believe that hiring and training a sales and marketing staff with a high level of technical expertise and knowledge regarding the capabilities of our bio-based products is essential to expanding adoption of our products by growers and sales to distributors. In addition, we have expanded our field development team to include more technical service activities to support sales. These concerted efforts to rebuild and train our sales and marketing teams are yielding positive results, including growth in sales.
Develop an extensive demonstration program. We believe that for growers to be convinced that a bio-based pesticide or plant health product works, they often must see it for themselves. Growers risk their crop each time they try a new product, and often produce only one crop per year on any given plot of land. Further, bio-based pesticide and plant health products are often applied differently and at different times than conventional chemical pesticides and so may be used incorrectly by an inexperienced grower or advisor, decreasing efficacy. We typically conduct on-farm demonstrations with growers in the first year they try one of our products on smaller plots of land to ensure successful application, promoting the continued use of our products in future years across more acres. In addition, we work with distributors to determine which crops to emphasize in a given year and which area to maximize the effectiveness of our demonstration program.


Target early adopters of new pest management technologies. For crop protection products, we target large commercial growers in the United States, who generally set industry standards through more widespread adoption of new pest management technologies they initially test on portions of their crops. We also target organic growers, who are more willing to take risks on new products as they have had few alternatives and great demand for increased yields. We plan to continue to recruit these growers and their consultants to participate in demonstrations and field trials, enabling them to become familiar with our bio-based pest management and plant health products, to experience their benefits firsthand and to promote the use of our products with other growers in their regions. For Zequanox, we have developed strategic relationships with early adopters in the power generation business to do efficacy demonstrations while perfecting the formulations and application of the product.


Educate growers and water resource managers about the benefits of our bio-based pest management products. We will continue to perform on-farm and in-facility demonstrations and provide field data packages to support and validate our product claims. We will also continue to participate in trade shows and conferences to educate growers, their licensed pest control advisors and water resource managers about the benefits of our bio-based pest management products. When in the field, our sales and technical service team members have access to a wealth of information regarding our products and on pre-loaded tablet computers to assist in solving growers’ and distributors’ problems real-time. We have provided a free application for mobile phone users to assist in calculating tank mix quantities, as well as webinars and an online course on bio-based pest management products, which can be taken by growers for continuing education credit to maintain crop protection product applicator licenses. We intend to continue to expand our efforts to work with utilities, especially through potential distribution partners, which we believe will create increased demand for Zequanox in adjacent market spaces beyond the power and industrial treatment opportunities we are currently targeting.

Develop and leverage relationships with key industry influencers. We will continue to develop relationships early in the product development process with influential members within our target markets, including large innovative growers, technical experts at leading agricultural universities, licensed pest control advisors, wineries, food processors, produce packers, retailers and power facilities. We believe that educating industry influencers about the benefits of Regalia, Grandevo, Venerate, Majestene, Haven, Zequanox and our future products increases the likelihood that they will recommend our products to our distributors and end users.


Focus our own sales and marketing on the United States, while signing strategic agreements for international markets, turf, ornamental plants and consumer retail. Because of the concentration of large growers in the United States, we can access these customers through our own sales force. For international markets for Zequanox, we intend to develop strategic partnerships with large suppliers and distributors of water products. For Regalia, Grandevo, Venerate and Majestene, we have distribution agreements with leading agrichemical companies and national and regional distributors. For future products, distribution agreements will be developed with regional and national distributors or large multinationals on a case-by-case basis, depending on their expertise in the regions. We have engaged distributors that are selling Regalia in Canada for specialty crops and in parts of the Midwestern United States and Canada for row crops and Venerate in the United States one of our nematicide/insecticides for seed treatment.



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MBII's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Marrone Bio Innovations Inc MBII 143 18 -26 97
Archer Daniels Midland Co ADM 26,736 61,366 1,658 33,900
Kellogg Co K 24,593 13,070 1,451 29,790
Pepsico Inc PEP 160,525 64,418 4,644 271,000
Golden Enterprises Inc GLDC 0 0 0 749
Campbell Soup Co CPB 12,218 8,130 485 19,400
Procter & Gamble Co PG 213,357 65,058 15,411 110,000
Kraft Foods Inc. KFT 0 0 0 0
Mead Johnson Nutrition Co MJN 0 0 0 7,200
H. J. HEINZ COMPANY HNZ 0 0 0 0
Kraft Foods Inc. KRFT 0 0 0 22,100
Amplify Snack Brands, Inc. BETR 922 339 11 45
Bunge Ltd BG 9,352 45,314 107 33,000
Hain Celestial Group Inc. HAIN 3,137 2,841 80 6,307
Forevergreen Worldwide Corp FVRG 4 16 -2 103
Sanfilippo John B & Son Inc JBSS 888 879 34 1,350
Snyders-lance, Inc. LNCE 14,682 0 111 5,000
Treehouse Foods, Inc. THS 2,956 6,252 -349 5,880
Kraft Heinz Co KHC 77,037 26,172 11,092 42,000
Nightfood Holdings, Inc. NGTF 13 0 -4 1
Nates Food Co. NHMD 1 0 -1 4
Post Holdings, Inc. POST 6,669 5,740 342 8,700
Ricebran Technologies RIBT 45 5 -6 264
Seaboard Corp SEB 4 5,989 194 10,772
Inventure Foods, Inc. SNAK 79 192 -67 1,100
Skypeople Fruit Juice, Inc SPU 11 32 -7 250
J&j Snack Foods Corp JJSF 2,941 1,143 104 2,300
Alico Inc ALCO 270 109 -10 333
Ceres, Inc. CERE 0 0 0 44
Chs Inc. CHSCL 0 31,880 525 12,157
Calavo Growers Inc CVGW 1,663 1,091 40 2,096
Fresh Del Monte Produce Inc FDP 2,153 4,160 117 47,000
Golden Growers Cooperative GGROU 61 47 9 1
Limoneira Co LMNR 380 131 20 276
Royal Hawaiian Orchards, L.p. NNUTU 55 29 5 262
Sunopta Inc. STKL 762 1,244 -135 2,300
Yew Bio-pharm Group, Inc. YEWB 22 29 2 86
Landec Corp Ca LNDC 413 537 21 522
Mannatech Inc MTEX 55 177 -1 290
Natural Alternatives International Inc NAII 70 129 3 177
Dupont E I De Nemours & Co DD 0 22,165 1,183 63,000
Nutraceutical International Corp NUTR 387 240 14 810
SUBTOTAL 562,460 368,923 37,082 740,569
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