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February 21, 2014

United States

New Jersey—Epicore BioNetworks’s Second Quarter 2014 Results

 

Epicore BioNetworks, Inc., which supplies shrimp hatchery feeds and pond bioremediation products to shrimp farmers worldwide, generated revenues of $1.7 million in the second quarter (Q2) of 2014, 25% higher than last year’s Q2 results.  Sales were broad based and not regionally limited as shrimp farmers worldwide capitalized on record high shrimp prices.  Early mortality syndrome (EMS) in Asia has reduced the worldwide supply of shrimp, which in turn has pushed shrimp prices to record levels.  High shrimp prices have increased the demand for Epicore’s productivity enhancing products.

 

Latin America remains the strongest sales region for Epicore, and Ecuador is its largest single country market.  Ecuadorian sales grew 17% in the quarter as the disease-free Ecuadorian industry responded to record shrimp prices.  Central American hatcheries also bought strongly in Q2 as they stocked up for the 2014 growing season.  Despite a challenging environment, there was also exceptionally strong demand from Asia for Epicore products in Q2.  Working closely with its distributor in China, Epicore developed special, high-image packaging, and a new distributor is gearing up to sell Epicore products in Australia in 2014.

 

Information: William Long, Chief Executive Officer, Epicore BioNetworks, Inc., 4 Lina Lane, Easthampton, New Jersey 08060, USA (phone 1-609-267-9118, email information@epicorebionetworks.com, webpage http://www.epicorebionetworks.com).

 

Source: The Wall Street Journal Online (The Wall Street Journal news department was not involved in the creation of this content).  Epicore BioNetworks, Inc., Reports Record Results for Quarter Two Fiscal Year 2014.  February 18, 2014.

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