Financial PerformanceRevenue of $93M fell below analyst's $105M estimate and well below the prior year’s $117M figure, a delta management noted was “almost exclusively” driven by dry conditions in Argentina which delayed corn planting and input purchases from Q1 into Q2.
Product PerformanceExpectations for Bioceres’ drought resistant HB4 soy/wheat have been reset downwards after the Q4’24 disappointment, and the company continues to focus on commercial partnerships rather than internal growth via an identity preserved supply chain.
Stock PotentialThe stock's potential has diminished due to HB4's underperformance, even though the company maintains a strong product line compared to peers.