Bioceres Crop Solutions (BIOX) has released an update.
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Bioceres Crop Solutions reported a fiscal first-quarter revenue of $93.3 million, a 20% decrease from the previous year, primarily due to challenging weather conditions and market dynamics in Argentina. Despite a net loss of $5.3 million, the company saw growth in North America and Brazil, bolstering its diversification strategy. The company’s focus remains on cash generation and capital allocation toward lower-risk products, ensuring resilience amid fluctuating market conditions.
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