Arcadia Biosciences (RKDA) Is All Set To Jump Following Quarterly Earnings

Investors often take a look at the action during premarket hours in order to get an idea of the market and this morning, the Arcadia Biosciences Inc (NASDAQ: RKDA) stock must have drawn the attention of many.

Arcadia Biosciences (RKDA) Is All Set To Jump Following Quarterly Earnings

The stock has soared by as high as 30% during premarket trading and it now remains to be seen if it can continue to add to its gains through the course of the day. On Tuesday, the company announced its financial results for the fourth quarter of 2020 and also for the full year.

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Arcadia, which is involved in boosting the nutritional value of food items and crops, managed to generate revenues as huge as $7.1 million in the fourth quarter. That is a significant rise from the $416000 it had generated in the form of revenues in the year-ago period. On the other hand, the total revenues for the year came in at $8.1 million, which was again significantly higher than the $1.2 million generated in 2019.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life