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1ST HALF: ARCADIA BIOSCIENCES' REVENUES DOWN 68%, NET INCOME DOWN 9%
Source: Arcadia Biosciences news release

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Arcadia Biosciences, Inc. (Nasdaq: RKDA), an agricultural food ingredient company, today released its financial and business results for the second quarter and first half of 2018.

"Arcadia's focus in the second quarter was on building the critical commercial capabilities needed to launch our GoodWheat portfolio of added-value, non-GM wheat ingredients," said Raj Ketkar. "We added Reduced Gluten wheat, and we are expanding our grower base to prepare for the commercial launch of our Resistant Starch wheat in 2019."

"Data from our HB4 drought tolerant soybeans in Argentina showed positive results in the 2017-2018 season trials for adapted breeding lines, and just recently our non-GM Extended Shelf Life tomatoes achieved a technical milestone with our partner in India," he added. "We anticipate that three products - GoodWheat, HB4 drought tolerant soybeans and Extended Shelf Life tomatoes - will be launched commercially in the next 12 to 18 months."


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