Home » NEWS » Energy » KiOR reports loss, but plant still on schedule

KiOR reports loss, but plant still on schedule

KiOR Inc., for the second quarter of 2011, reported a net loss of $21.0 million, or $0.43 per share, compared to $19.4 million, or $0.27 per share, for the second quarter of 2010.

KiOR’s second quarter 2011 loss includes $5.5 million of non-cash mark-to-market expense relating to KiOR’s warrant liabilities and $2.6 million of non-cash stock-based compensation expense.

COLUMBUS — Pasadena, Texas-based KiOR did not recognize revenue during the second quarter of 2011, as its activities have been focused on construction of its first commercial facility in Columbus and research and development (R&D) designed to improve production yields.

“During the second quarter we made significant construction progress on our first commercial production facility in Columbus, Miss. We also signed commercial offtake and feedstock arrangements covering 100 percent of the facility’s anticipated offtake capacity and feedstock requirements,” said Fred Cannon, KiOR’s president and CEO. “With construction at Columbus on schedule, we believe that KiOR is on track to commence production in the second half of 2012.”


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply