Brief: Ricebran Technologies Board Has Adopted Tax Benefits Preservation Plan
06/07/2023 22:28
July 6 (Reuters) - RiceBran Technologies RIBT.O :
* RICEBRAN TECHNOLOGIES - BOARD HAS ADOPTED A TAX BENEFITS
PRESERVATION PLAN
* RICEBRAN TECHNOLOGIES - BASED ON CO'S LATEST PROJECTIONS,
CO
EXPECTS TO GENERATE U.S. FEDERAL LOSSES IN 2023
* RICEBRAN TECHNOLOGIES - HAS SIGNIFICANT U.S. FEDERAL AND
STATE
NET OPERATING LOSS CARRYFORWARDS
* RICEBRAN TECHNOLOGIES - AS OF DEC 31, 2022 CO HAS U.S.
FEDERAL
NOLS OF ABOUT $54.4 MILLION THAT CAN BE USED TO OFFSET TAXABLE
INCOME
Source text for Eikon: ID:
Further company coverage: RIBT.O
((Reuters.Briefs@thomsonreuters.com;))
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