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Ceres Announces Fiscal Year 2013 Financial Results

nts. All statements, other than statements of historical facts, including statements regarding Ceres' efforts to develop and commercialize its products, short-term and long-term business strategies, market and industry expectations, future operating metrics, product yields and future results of operations and financial position, are forward-looking statements. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond Ceres' control. Factors that could materially affect actual results can be found in Ceres' filings with the U.S. Securities and Exchange Commission. Ceres undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Ceres' views as of any date subsequent to the date of this press release.CERES, INC. AND SUBSIDIARYCondensed Consolidated Statements of Operations (In thousands, except share and per share amounts)(Unaudited) Three Months Ended
August 31,  Year Ended
August 31, 2013201220132012Revenues:Product sales 

432Collaborative research and government grants 

8981,1614,7814,939Total revenues 

8981,1645,2435,371Cost and operating expenses:Cost of product sales 

1,1325076,2452,384Research and development 

3,6173,63416,40119,155Selling, general and administrative 

3,4883,67315,18712,634Total cost and operating expenses 

8,2377,81437,83334,173Loss from operations 

(7,339)(6,650)(32,590)(28,802)Interest expense 

(11)(1)(46)(560)Interest income 

193012639Other expense

———(84)Loss before income taxes 


SOURCE Ceres, Inc.
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