date:May 19, 2014
perating Results
Consolidated revenues for Q1 2014 were $7.7 million, a 12% decline compared to last year's first quarter consolidated revenues of $8.7 million. The decline was a direct result of the planned idling of the Company's Irgovel facility in Brazil for 10 weeks in the first quarter to allow installation of equipment necessary to increase capacity at the rice bran bio-refinery by at least 50% to 9,000 metric tons per month.
Revenue from the Brazil segment totaled $2.7 million, a sharp