NutraCea Announces Q2 2008 Financial Results

PHOENIX, Aug. 11, 2008 /PRNewswire-FirstCall/ —NutraCea (OTC Bulletin Board: NTRZ), a world leader in stabilized rice bran (SRB) nutrient research and technology, today announced financial results for its second quarter ended June 30, 2008.

The Company reported net revenues of $10.3 million for the second quarter of 2008, compared to net revenues of $13.0 million for the second quarter of 2007. The net revenues for the second quarter of 2007 included a one-time license fee of $5.0 million (non-recurring) without which net revenues for the second quarter 2007 would have been $8,000,000. Sequentially, net revenues for the second quarter of 2008 rose 102% over first quarter 2008 net revenues of $5.1 million.