BioAmber Announces Record Revenues For The Second Quarter 2017 And Purchase Of Mitsui Equity Stake In Sarnia Joint Venture
MONTREAL, Aug. 3, 2017 /CNW/ - BioAmber Inc. (NYSE: BIOA) (TSX: BIOA) today announced operational and financial results for the three months ended June 30, 2017 and the purchase and consolidation of the Mitsui & Co Ltd.'s stake in its Sarnia Joint Venture.
"We are pleased to report our second quarter 2017 results generated BioAmber's largest quarterly revenue ever. Year to date we have experienced the greatest acceleration in new customers and new applications since our Sarnia facility was commissioned. Investments in our customer base are resulting in increased sales. Our pipeline is robust and we believe provides us with a solid foundation for 2018" said Mike Hartmann, President of BioAmber Sarnia and Head of Global Sales.
"We are pleased to report our second quarter 2017 results generated BioAmber's largest quarterly revenue ever. Year to date we have experienced the greatest acceleration in new customers and new applications since our Sarnia facility was commissioned. Investments in our customer base are resulting in increased sales. Our pipeline is robust and we believe provides us with a solid foundation for 2018" said Mike Hartmann, President of BioAmber Sarnia and Head of Global Sales.