Nutracea Profits from Explosive Growth

What is stabilized rice bran exactly?

NutreaCea enjoyed record revenue in the second quarter, benefiting from its merger with RiceX and increased direct-to-consumer marketing efforts -- leading to a profitable three months.

El Dorado Hills-based NutraCea (OTCBB: NTRZ), a producer of stabilized rice bran, reported $4.17 million in revenue in the three months ended June 30, a 1,290 percent increase compared to about $299,000 for the same three months last year.

The company's second-quarter net income was $399,434, or 1 cent per share, compared to a loss of $1.8 million, or 5 cents per share, in second-quarter 2005.

For the first six months of the year, revenue was $7.95 million, a 948 percent increase compared to $758,545 in revenue for the first half of 2005.

NutraCea had net income of $165,860 for the first six months of the year, a hefty improvement from its net loss of almost $2.7 million, or 7 cents per share, over the same period last year.

Wow, what a revenue jump! Way to go.