RiceBran Technologies
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Yet to be announced
Company Overview
RiceBran Technologies produces and markets value-added products derived from rice bran. The company's products include stabilized rice bran (SRB), rice bran oil, and defatted rice bran, which are used in human food and animal nutrition products. The company operates production facilities in California, Illinois, and Arkansas.
Revenue Sources
Based on the company's business model and product offerings, their revenue comes from the processing and sale of rice bran and related products. These are halal food ingredients used in both human and animal nutrition. There is no indication that the company derives any revenue from haram sources such as alcohol, pork, gambling, or other prohibited activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2024 | $2.12m | $3.56m | - | $245,000 | 0.00% | 6.89% |
| Dec. 31, 2023 | $2.25m | $4.97m | - | $179,000 | 0.00% | 3.60% |
| Sept. 30, 2023 | $4.86m | $6.71m | - | $123,000 | 0.00% | 1.83% |
| June 30, 2023 | $6.27m | $8.06m | - | $174,000 | 0.00% | 2.16% |
Looking at the last four quarters, the interest expense ratios have been consistently high relative to total expenses. The company is in its mature operational phase and generates revenue from its core operations. The presence of significant interest expenses in relation to total expenses indicates material involvement with interest-bearing debt.
Operational Ethics
Based on available information from SEC filings and company materials, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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