RiceBran Technologies (RIBT): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la innovación nutricional, las tecnologías de ricebrán (RIBT) surgen como una fuerza transformadora, convirtiendo los subproductos agrícolas en ingredientes nutricionales de alto valor que unen la brecha entre la agricultura sostenible y las soluciones de salud de vanguardia. Al aprovechar la tecnología de estabilización de salvado de arroz patentado, la compañía ha creado un modelo de negocio sofisticado que no solo ofrece ingredientes alimentarios funcionales premium, sino que también crea valor en múltiples segmentos de mercado, desde suplementos dietéticos hasta investigación nutracéutica. Descubra cómo el enfoque estratégico de Ribt está revolucionando la forma en que percibimos y utilizamos el potencial sin explotar de Rice Bran.

Ricebran Technologies (RIBT) - Modelo de negocio: asociaciones clave

Instituciones de investigación agrícola

Ricebran Technologies colabora con instituciones de investigación para avanzar en las tecnologías de procesamiento de salvados de arroz.

Socio de investigación	Área de enfoque	Detalles de colaboración
Texas A&M Agrilife Research	Optimización nutricional de arroz salvado	Investigación conjunta sobre técnicas de extracción enzimática
Universidad de California Davis	Desarrollo de alimentos funcionales	Estudios de biodisponibilidad de nutrientes

Fabricantes de ingredientes alimentarios

Asociaciones estratégicas con fabricantes de ingredientes alimentarios para aditivos nutricionales.

• Cargill Incorporated: cadena de suministro de ingredientes nutricionales
• Kerry Group: Desarrollo funcional de ingredientes alimentarios
• Ingredion Incorporated: procesamiento especializado de ingredientes de salvado de arroz

Proveedores de equipos agrícolas

Asociaciones críticas para procesar tecnología y equipo.

Proveedor de equipos	Tipo de equipo	Valor anual del contrato
Grupo bühler	Maquinaria de extracción	$ 1.2 millones
Grupo GEA	Equipo de procesamiento	$850,000

Compañías de biotecnología

Colaboraciones de desarrollo enzimático para el procesamiento avanzado de salvado de arroz.

• Novozymes A/S: tecnologías de procesamiento enzimático
• Productos nutricionales de DSM: desarrollo de enzimas de biotecnología

Redes internacionales de comercio agrícola

Asociaciones comerciales globales para la distribución de ingredientes de salvado de arroz.

Red de negociación	Alcance geográfico	Volumen de negociación anual
Olam internacional	Asia-Pacífico, África	42,000 toneladas métricas
Compañía Louis Dreyfus	América del Norte, Europa	35,000 toneladas métricas

Ricebran Technologies (RIBT) - Modelo de negocio: actividades clave

Estabilización de salvado de arroz y mejora nutricional

Las tecnologías de ricebrán procesan aproximadamente 45,000 toneladas métricas de salvado de arroz anualmente a través de tecnologías de estabilización patentadas.

Parámetro tecnológico	Especificación
Duración del proceso de estabilización	Menos de 60 minutos
Reducción de oxidación	Más de 95% de inactivación enzimática
Extensión de la vida útil	Hasta 12 meses

Investigación y desarrollo de productos

La inversión anual de I + D de $ 2.3 millones se centró en el desarrollo de ingredientes nutricionales.

• 3 aplicaciones de patentes activas en tecnologías de ingredientes nutracéuticos
• Colaboración de investigación con 2 Centros de Investigación de Nutrición de la Universidad
• Desarrollo de 4 nuevos productos derivados de salvado de arroz en 2023

Fabricación de ingredientes nutracéuticos

Métrico de fabricación	Capacidad anual
Concentrado de proteína de salvado de arroz	1.200 toneladas métricas
Aceite de salvado de arroz	800 toneladas métricas
Polvo de salvado de arroz estabilizado	2.500 toneladas métricas

Control de calidad y pruebas de seguridad alimentaria

Implementado ISO 22000: Sistema de gestión de seguridad alimentaria 2018 con certificación anual de terceros.

• 24 puntos de control de control de calidad por lote de producción
• Pruebas microbiológicas para 6 parámetros de control crítico
• Detección de metales pesados ​​con límites de detección de elementos traza por debajo de 0.1 ppm

Distribución del mercado global de derivados de salvado de arroz

Mercado geográfico	Porcentaje de distribución
América del norte	42%
Europa	28%
Asia Pacífico	22%
Otras regiones	8%

Ricebran Technologies (RIBT) - Modelo de negocio: recursos clave

Tecnología de estabilización de salvado de arroz patentado

Ricebran Technologies posee una tecnología patentada de estabilización de salvado de arroz que previene la oxidación de lípidos y preserva el valor nutricional. A partir de 2024, la compañía posee 3 patentes activas relacionadas con esta tecnología.

Tipo de patente	Número de patentes activas	Duración de protección de patentes
Estabilización de salvado de arroz	3	15-20 años

Instalaciones de procesamiento y extracción

La compañía opera 2 instalaciones de procesamiento primario con una capacidad de procesamiento anual combinada de 60,000 toneladas métricas de salvado de arroz.

Ubicación de la instalación	Capacidad de procesamiento	Inversión anual en actualizaciones de instalaciones
Texas, EE. UU.	40,000 toneladas métricas	$ 1.2 millones
California, EE. UU.	20,000 toneladas métricas	$750,000

Experiencia técnica especializada

Ricebran Technologies emplea 35 profesionales técnicos especializados con títulos avanzados en ciencias nutricionales y tecnología alimentaria.

• Científicos nutricionales de doctorado: 12
• Expertos en tecnología de alimentos: 15
• Especialistas en investigación y desarrollo: 8

Propiedad intelectual y patentes

La cartera total de propiedades intelectuales valorada en $ 4.5 millones a partir de 2024, con una inversión continua en I + D de $ 1.3 millones anuales.

Relaciones de proveedores agrícolas

Ricebran Technologies mantiene relaciones con 47 socios agrícolas de arroz en 5 estados, que cubre aproximadamente 85,000 acres de cultivo de arroz.

Estado	Número de socios agrícolas	Acres totales bajo cultivo
Texas	22	45,000
California	15	25,000
Arkansas	10	15,000

Ricebran Technologies (RIBT) - Modelo de negocio: propuestas de valor

Ingredientes nutricionales de alta calidad de salvado de arroz

Las tecnologías de ricebrán producen ingredientes de salvado de arroz con las siguientes nutricionales profile:

Nutritivo	Concentración	Valor comercial
Proteína	12-15%	Segmento de mercado global de $ 78.6 millones
Fibra	20-25%	Mercado de fibra dietética de $ 4.2 mil millones
Antioxidantes	Origanol 1.5-2.5%	Mercado de ingredientes antioxidantes de $ 620 millones

Compuestos bioactivos mejorados para suplementos de salud

Capacidades de extracción de compuesto bioactivo:

• Concentración de gamma-ororzanol: 2.3-3.1%
• Tasa de extracción de tocotrienol: 85-90%
• Capacidad de producción anual: 12,000 toneladas métricas

Transformación de desechos agrícolas sostenibles

Métricas de utilización de residuos:

Métrico	Valor
Los desechos de salvado de arroz reciclados	68,000 toneladas métricas anualmente
Reducción de carbono	3.2 toneladas métricas CO2 equivalente por tonelada
Ahorro de agua	1.200 litros por tonelada procesada

Productos nutricionales validados científicamente

Inversiones de investigación y validación:

• Gastos de I + D: $ 2.3 millones anuales
• Estudios científicos publicados: 17 publicaciones revisadas por pares
• Inversiones de ensayos clínicos: $ 450,000 por estudio

Ingredientes alimentarios funcionales con beneficios de salud probados

Portafolio de ingredientes de beneficio de salud:

Ingrediente	Beneficio de salud	Valor de segmento de mercado
Aceite de salvado de arroz	Reducción del colesterol	$ 890 millones
Salvado de arroz estabilizado	Manejo del azúcar en la sangre	$ 620 millones
Concentrado de proteína de arroz	Recuperación muscular	$ 420 millones

Ricebran Technologies (RIBT) - Modelo de negocio: relaciones con los clientes

Equipo de ventas directas para mercados de nutrición especializados

A partir de 2024, Ricebran Technologies mantiene un equipo de ventas directo dirigido a mercados de nutrición especializados con la siguiente composición:

Métrica del equipo de ventas	Datos cuantitativos
Representantes de ventas totales	7 profesionales
Cobertura geográfica	América del Norte, Europa
Ventas anuales promedio por representante	$475,000

Soporte técnico para aplicaciones de ingredientes

La infraestructura de soporte técnico incluye:

• Equipo de soporte técnico dedicado de 3 especialistas
• Tiempo de respuesta: consulta técnica las 24 horas
• Canales de atención al cliente: correo electrónico, teléfono, videoconferencia

Desarrollo de productos colaborativos

Métricas de desarrollo colaborativo:

Métrica de colaboración	2024 datos
Proyectos de colaboración activos	5 asociaciones en curso
Instituciones de investigación comprometidas	3 universidades
Inversión en I + D colaborativa	$ 620,000 anualmente

Información y documentación del producto en línea

Plataformas de participación de clientes digitales:

• Sitio web integral con hojas de datos técnicas
• Catálogo de productos digitales con 42 especificaciones de ingredientes
• Tráfico mensual del sitio web: 4,500 visitantes únicos

Compromiso regular del cliente a través de conferencias científicas

Métrica de compromiso de la conferencia	2024 Detalles
Conferencias asistidas	7 Conferencias de nutrición internacional
Presupuesto de conferencia anual	$185,000
Reuniones de clientes por conferencia	Promedio de 12-15 interacciones dirigidas

Ricebran Technologies (RIBT) - Modelo de negocio: canales

Ventas directas a fabricantes de alimentos

Ricebran Technologies utiliza canales de ventas directos dirigidos a empresas de fabricación de alimentos. A partir de 2024, la compañía mantiene un equipo de ventas especializado centrado en vender ingredientes derivados de arroz directamente a las empresas de producción de alimentos.

Categoría de canal de ventas	Número de contactos del fabricante directo	Volumen de ventas anual estimado
Fabricantes de alimentos procesados	47 contactos activos	$ 3.2 millones
Compradores de ingredientes de panadería	29 contactos activos	$ 1.8 millones

Distribuidores de ingredientes nutracéuticos

La Compañía aprovecha las asociaciones estratégicas con redes de distribución de ingredientes nutracéuticos para expandir el alcance del mercado.

• Asociaciones de distribuidores nutracéuticos totales: 18
• Cobertura geográfica: Norteamérica, Europa
• Ingresos anuales de distribución: $ 5.6 millones

Catálogos de productos en línea

Ricebran Technologies mantiene catálogos integrales de productos digitales accesibles para clientes potenciales.

Plataforma de catálogo en línea	Visitantes mensuales del sitio web	Listados de productos de catálogo
Sitio web de la empresa	4.723 visitantes únicos	62 productos de ingredientes
Plataformas de adquisición de la industria	2,156 visitantes únicos	38 productos de ingredientes

Conferencias científicas y ferias comerciales

Ricebran Technologies participa activamente en eventos de la industria para mostrar innovaciones de productos.

• Participación anual de la conferencia: 7 eventos
• Generación de leads estimada: 143 contactos comerciales potenciales
• Inversión de la feria: $ 247,000 anualmente

Plataformas de marketing digital

La compañía emplea estrategias de marketing digital específicas en múltiples canales en línea.

Canal de marketing digital	Métricas de compromiso	Gasto de marketing anual
Red profesional de LinkedIn	12.400 seguidores	$89,000
Publicidad de la industria dirigida	387,000 impresiones	$156,000

Ricebran Technologies (RIBT) - Modelo de negocio: segmentos de clientes

Fabricantes de alimentos funcionales

Ricebran Technologies atiende a fabricantes de alimentos funcionales dirigidos a segmentos de mercado específicos:

Segmento de mercado	Volumen anual	Crecimiento potencial
Alimentos enriquecidos con proteínas	$ 42.3 millones	7,5% CAGR
Productos fortificados con fibra	$ 28.6 millones	6.2% CAGR

Compañías de suplementos dietéticos

Los segmentos clave de los clientes incluyen:

• Fabricantes de suplementos de nutrición deportiva
• Productores de suplementos de control de peso
• Compañías nutracéuticas

Categoría de suplemento	Tamaño del mercado	Demanda de ingredientes
Nutrición deportiva	$ 15.2 mil millones	12.4% de demanda anual de ingredientes
Control de peso	$ 8.7 mil millones	9.3% de demanda anual de ingredientes

Compradores de ingredientes nutricionales

Ricebran Technologies suministra ingredientes nutricionales especializados con características específicas:

• La proteína de salvado de arroz se concentra
• Extractos de salvado de arroz estabilizados
• Fracciones de arroz ricas en micronutrientes

Tipo de ingrediente	Volumen de ventas anual	Precio por kilogramo
Proteína de salvado de arroz	1.250 toneladas métricas	$ 22.50/kg
Extracto de salvado de arroz estabilizado	875 toneladas métricas	$ 18.75/kg

Desarrolladores de productos de salud y bienestar

Los segmentos de los clientes incluyen:

• Fabricantes de alimentos orgánicos
• Desarrolladores de productos a base de plantas
• Usuarios de ingredientes de etiqueta limpia

Categoría de productos	Valor comercial	Índice de crecimiento
Alimentos orgánicos	$ 57.5 mil millones	8.9% anual
Productos a base de plantas	$ 29.4 mil millones	11.2% anual

Investigadores de ciencias agrícolas y de alimentos

Los segmentos de clientes centrados en la investigación incluyen:

• Laboratorios de nutrición universitaria
• Instituciones de investigación gubernamentales
• Centros de investigación privados de ciencias de la comida

Categoría de investigación	Financiación anual de investigación	Interés de investigación de ingredientes
Investigación nutricional	$ 42.6 millones	Derivados de salvado de arroz
Innovación agrícola	$ 35.2 millones	Desarrollo de ingredientes funcionales

Tecnologías de Ricebrán (RIBT) - Modelo de negocio: Estructura de costos

Adquisición de materia prima

Los costos de adquisición de materias primas de Ricebran Technologies para salvado de arroz y concentrado de salvado de arroz estabilizado en 2023 se estimaron en $ 3.2 millones anuales.

Materia prima	Costo anual	Volumen adquirido
Salvado de arroz	$ 2.1 millones	4.200 toneladas métricas
Salvado de arroz estabilizado	$ 1.1 millones	2.200 toneladas métricas

Gastos de investigación y desarrollo

Los gastos de I + D para las tecnologías de ricebrán en 2023 totalizaron $ 1.5 millones.

• Inversiones de innovación de productos: $ 850,000
• Investigación de mejora de procesos: $ 450,000
• Estudios de ciencias nutricionales: $ 200,000

Costos de fabricación y procesamiento

Los gastos de fabricación totales para 2023 fueron de $ 4.7 millones.

Categoría de costos	Cantidad	Porcentaje
Depreciación del equipo	$ 1.2 millones	25.5%
Costos laborales	$ 1.8 millones	38.3%
Gastos de servicios públicos	$750,000	16%
Mantenimiento	$950,000	20.2%

Control y pruebas de calidad

Los gastos de garantía de calidad para 2023 fueron de $ 620,000.

• Equipo de laboratorio: $ 250,000
• Prueba de salarios de personal: $ 270,000
• Certificación y cumplimiento: $ 100,000

Operaciones de marketing y ventas

Los gastos de marketing y ventas para 2023 alcanzaron los $ 1.8 millones.

Canal de marketing	Gastar	Asignación
Marketing digital	$650,000	36.1%
Participación de la feria comercial	$450,000	25%
Compensación del equipo de ventas	$700,000	38.9%

Ricebran Technologies (RIBT) - Modelo de negocio: flujos de ingresos

Ventas de ingredientes nutricionales

A partir del cuarto trimestre de 2023, las tecnologías de ricebrán informaron ventas totales de ingredientes nutricionales de $ 12.4 millones, lo que representa un aumento del 7.2% con respecto al año fiscal anterior.

Categoría de productos	Ingresos anuales	Segmento de mercado
Derivados de salvado de arroz	$ 8.6 millones	Nutracéuticos
Salvado de arroz estabilizado	$ 3.8 millones	Ingredientes alimentarios

Licencias de tecnología de estabilización

Las tecnologías de Ricebran generan ingresos a través de acuerdos de licencia de tecnología, con ingresos actuales de licencia estimados en $ 1.2 millones anuales.

• Acuerdos de licencia de tecnología con 4 compañías de procesamiento de alimentos
• Las tarifas de licencia varían de $ 250,000 a $ 500,000 por acuerdo

Servicios de consultoría para fabricantes de alimentos

Los servicios de consultoría generaron $ 750,000 en ingresos para el año fiscal 2023, con un valor de contrato promedio de $ 75,000 por participación.

Tipo de servicio de consultoría	Número de contratos	Ingresos totales
Optimización de procesos	6 contratos	$450,000
Aviso técnico	4 contratos	$300,000

Regalías de procesos patentados

Los ingresos de regalías de los procesos de estabilización patentado alcanzaron $ 650,000 en 2023, con 3 acuerdos de licencia de patentes activos.

Investigación y desarrollo de contratos

Las actividades de I + D por contrato contribuyeron con $ 1.5 millones a los ingresos de Ricebran Technologies en 2023.

Tipo de proyecto de I + D	Número de proyectos	Valor promedio del proyecto
Desarrollo de ingredientes nutricionales	5 proyectos	$750,000
Tecnología de procesamiento de alimentos	3 proyectos	$750,000

RiceBran Technologies (RIBT) - Canvas Business Model: Value Propositions

You're looking at the core value RiceBran Technologies (RIBT) offers to potential partners or acquirers as of late 2025, based on the latest available operational structure following significant asset sales. The value proposition is now heavily weighted toward its remaining assets and strategic positioning.

Access to significant tax assets (NOLs) for a strategic acquirer

This proposition centers on the potential for a buyer to utilize the company's accumulated tax attributes. While specific Net Operating Loss (NOL) carryforwards as of late 2025 aren't publicly itemized in the latest filings, the context of the strategic review initiated in late 2023 suggests this is a key component of the residual entity's value. The sale of the Stabilized Rice Bran (SRB) Business in June 2023 for $1.8 million cash, alongside the assumption of $1.7 million in liabilities, was part of a process to streamline the business, making the remaining entity potentially more attractive for its tax basis. The $4.1 million loan secured in December 2023 from Funicular Funds, LP, alongside a $0.4 million equity investment, provided stability to advance this strategic process. This asset class is a pure financial benefit for an entity with sufficient taxable income.

Niche, non-GMO, clean-label small grain ingredients (barley, oats, mustard)

The operational core remaining focuses on specialty grain processing. RiceBran Technologies operates a grain mill and processing facility in East Grand Forks, Minnesota, which specializes in processing these specific small grains. This facility is the source of the value proposition here. The company markets its products under the RiceBran brand across several sectors. The focus is clearly on ingredients that meet specific clean-label and non-GMO demands in the market. The company had 35 employees as of the last reported count, supporting this focused operation.

High-quality, domestically sourced ingredients for food and animal feed

The ingredients produced-barley products, oats products, and mustard-are marketed to the food, companion animal, and equine feed industries. The domestic sourcing aspect is a quality differentiator for customers concerned with supply chain transparency and security. You see the revenue concentration, which indicates the importance of key relationships in this supply chain. The table below summarizes the last fully reported financial performance, which frames the scale of the current ingredient business.

Metric	Value (2023)	Comparison/Context
Revenue from Continuing Operations	$22.65 million	Down -15.00% from 2022's $26.65 million
Net Loss	-$17.56 million	123.5% larger loss than 2022
Top 3 Customers Concentration	48.4% of revenue	Indicates high reliance on a few buyers
Top 10 Customers Concentration	75.1% of revenue	Accounts Receivable concentration was 86.1%

Functional ingredients for nutraceuticals and specialty wellness markets

While the dedicated SRB business, which served the nutraceutical and functional ingredient categories, was sold, the remaining portfolio still targets these high-value segments with its specialized grain offerings. The company's product portfolio includes rice bran, barley products, and oats products, which are ideal for various bakery applications and the broader wellness space. The strategic divestiture in mid-2023 suggests a pivot or refinement of focus, but the expertise and remaining processing capability still cater to markets demanding functional attributes from ingredients.

The remaining value propositions are concentrated in these areas:

• Focus on specialty grain processing capability.
• Serving nutraceutical and animal feed segments.
• Maintaining a domestic processing footprint in Minnesota.
• Offering ingredients suitable for clean-label demands.

Finance: draft 13-week cash view by Friday.

RiceBran Technologies (RIBT) - Canvas Business Model: Customer Relationships

You're looking at how RiceBran Technologies (RIBT) connects with the entities that buy its products and those who own a piece of the company. Because RIBT focuses on ingredients, the relationships are primarily business-to-business (B2B), which means fewer, larger, and more complex interactions than a direct-to-consumer setup.

Highly transactional, direct sales to food and feed manufacturers

The core of RiceBran Technologies' customer relationship is direct engagement with food and feed manufacturers. This is a highly transactional model where the value proposition-stabilized rice bran powder and derivative products like RiBran-is sold as a functional ingredient. While specific customer counts aren't public, the nature of this business implies a need for strong technical support and supply chain reliability with each buyer.

For context on the B2B environment RiceBran Technologies operates in as of late 2025, digital channels dominate the initial stages of engagement. For instance, generally in B2B sales in 2025, 80% of interactions between suppliers and buyers happen online. Furthermore, most B2B deals require around 62+ touchpoints spanning 6+ months before a final decision is made. RiceBran Technologies' latest reported annual revenue was $22.65M in the year 2023, with trailing twelve months revenue reaching $22.82M as of the first quarter of 2024.

Here's a look at the transactional structure:

Relationship Aspect	Metric/Value	Data Date/Context
Primary Sales Channel	Direct Sales Contracts	B2B Ingredient Focus
Latest Reported Annual Revenue	$22.65M	Year 2023
Latest TTM Revenue	$22.82M	Q1 2024
B2B Digital Interaction Share (General)	80%	2025 Projection

Investor relations and communication with micro-cap shareholders

For a micro-cap entity like RiceBran Technologies, investor relations (IR) is a distinct and necessary relationship stream. This involves communicating financial health, strategic direction, and regulatory compliance to a shareholder base that includes institutional holders and individual retail investors. The company's status as of late 2025 is noted in some sources as Deadpooled.

Financial milestones relevant to this group include the last reported funding round, a Post IPO round on Mar 08, 2019, which raised $12.1M. As of December 04, 2025, the stock price was reported at $0.0003 per share. The company has had 4 institutional investors, including Continental Grain Company.

• Latest Reported Stock Price: $0.0003 (as of Dec 04, 2025)
• 52-Week High for Stock: $0.0100
• 52-Week Low for Stock: $0.0001000000
• Known Institutional Investors: 4

Minimal direct consumer interaction due to B2B ingredient focus

RiceBran Technologies' relationship model is intentionally distant from the end consumer. The products, such as stabilized rice bran powder marketed under the RiBran brand, are sold as ingredients to other businesses that incorporate them into their final consumer goods, like food or nutraceuticals. This means the company relies on its B2B customers to manage the final consumer relationship and brand perception.

The company's focus on ingredients means that customer success is measured by product performance within the manufacturer's formulation, not by direct consumer feedback or satisfaction scores. The relationship is maintained through technical specifications, quality assurance documentation, and supply agreements, rather than consumer marketing campaigns. For example, the company's products are claimed to be gluten free and non-GMO, which are key specifications communicated to the B2B buyer, not the end-user directly.

Finance: review Q4 2024 cash flow statement against the $22.82M TTM revenue figure by Wednesday.

RiceBran Technologies (RIBT) - Canvas Business Model: Channels

You're looking at how RiceBran Technologies (RIBT) gets its specialized ingredients-like stabilized rice bran fractions-to market as of late 2025. Honestly, the public data paints a picture of a company whose primary ingredient sales channels are supported by historical agreements, while its public trading channel reflects significant distress.

Direct sales force targeting food and animal nutrition manufacturers

This channel targets customers needing ingredients for human food, nutraceuticals, pet care, and animal feed markets. The company's product portfolio includes ingredients like RiBalance, RiSolubles, and RiFiber, which are marketed for their nutritional benefits and clean-label appeal. RiceBran Technologies also offers custom blending and contract manufacturing services directly to partners looking to integrate these rice-bran-based solutions into their final products, such as baked goods or beverages.

Here's a look at the scale of the business these channels serve, based on the most recent full-year figures available:

Metric	Value (As of Latest Available Data)
Revenue (TTM)	$22.82M
Revenue (FY 2023)	$22.65M
Net Income (TTM)	-$17.39M

Third-party distributors for specialized ingredient markets (e.g., Hela Spice Canada)

RiceBran Technologies has used third-party distributors to penetrate specific geographic or specialized ingredient sectors. A notable example is the multi-year distribution and supply agreement entered into with Hela Spice Canada Inc. This agreement, announced on January 16, 2014, covered the distribution of the RiBran family of stabilized rice bran ingredients throughout Canada to sectors including meat, poultry, and bakery.

The company's product line distributed through such channels includes:

• RiBalance stabilized rice bran ingredients.
• RiSolubles, a soluble fiber in powder form for dairy and beverages.
• RiFiber, an insoluble fiber suitable for various food applications.

The strategy here is to rely on established leaders in formulation and supply within those regional markets to drive sales growth for their functional products.

OTC Markets for stock trading and public disclosures

This channel relates to the public trading of RiceBran Technologies stock, ticker RIBT, on the OTC Markets. As of late 2025, the public trading environment reflects a very low market valuation and limited activity. The company is noted as being on the Expert Market, which restricts quotations from public viewing and suggests the company may not be current in its reporting obligations under SEC Rule 15c2-11.

Key trading metrics as of early December 2025 are stark:

• Market Cap (as of Dec 06, 2025): $3K.
• Closing Price (Dec 02, 2025): $0.0001.
• 52-Week Range High: $0.0100.
• Volume on Nov 24, 2025: As low as 531 shares reported for one trade time.

The stock is traded on the OTCMKTS exchange, and the last reported revenue on a TTM basis is $22.82M, contrasting sharply with the market capitalization of $3K.

RiceBran Technologies (RIBT) - Canvas Business Model: Customer Segments

You're looking at the customer base for RiceBran Technologies (RIBT) as of late 2025, which is a complex picture given the company's status. Keep in mind that the most recent full-year financial data available is for the fiscal year ending 2023-12-31, with annual revenue reported at $22.65M. Furthermore, public records indicate a status of Deadpooled as of July 30, 2025. The next scheduled earnings date mentioned was 06/30/25.

RiceBran Technologies, before this status change, focused its marketing efforts across several distinct groups, leveraging its stabilized rice bran (SRB) and other small grain derivatives which are non-GMO and allergen free.

The primary customer groups targeted by RiceBran Technologies included:

• Strategic acquirers seeking to utilize the large NOL tax shield: This segment is interested in the company's potential tax assets, which often involves a transaction structure rather than direct product sales.
• Animal nutrition and feed manufacturers: This group uses the stabilized rice bran for feed applications. The company noted expansion to meet demand from the rapidly growing companion animal market.
• Specialty food and beverage manufacturers needing non-GMO grains: These customers incorporate RiceBran Technologies' ingredients into products like sports nutritional beverages, non-GMO soups, and pastas. The addressable market in wellness foods and supplements was stated to be north of $880 million.
• Health food retailers and mass merchandisers (indirectly): While RiceBran Technologies markets its products to food manufacturers, the ultimate placement is often through these channels, which include mass merchandisers and health food retailers.

To give you a sense of the ownership structure around the time of the last reported financials, institutional investors held approximately 2.5% of RiceBran Technologies shares.

Here is a summary of the key customer-facing elements and related financial context:

Customer Segment Focus	Product Application Examples	Relevant Financial/Market Data Point
Animal Nutrition	Animal Feed, Companion Animal Products	Expansion noted to meet demand from companion animal market
Specialty Food/Beverage	Nutraceuticals, Sports Beverages, Non-GMO Soups/Pastas	Addressable market in wellness foods and supplements over $880 million
Ingredient Buyers (General)	Stabilized Rice Bran Powder (RiBran), Edible Rice Bran Oil	Annual Revenue (FY 2023): $22.65M
Strategic/Financial Buyers	NOL Tax Shield Utilization	Institutional Ownership: 2.5%

The company's product applications were noted to benefit from growth in specific end-user industries in Q1 2022, including food processing at 18%, alcoholic beverages at +22%, and agriculture at 24%. This shows where the demand pull was coming from across their customer base. Finance: draft 13-week cash view by Friday.

RiceBran Technologies (RIBT) - Canvas Business Model: Cost Structure

You're looking at the cost structure for RiceBran Technologies (RIBT) as the company operates as a leaner entity following significant asset sales. The costs are now heavily weighted toward corporate overhead and debt servicing rather than direct production.

High legal and administrative costs related to strategic review and debt default

The cost profile reflects a company heavily engaged in corporate restructuring and strategic review, which drives up non-operational expenses. For instance, in the fiscal year ending December 31, 2023, Selling, General and Administrative (SG&A) expenses from continuing operations were reported at $5.9 million. This figure was noted to have increased primarily due to increased legal costs as the Board continued to explore strategic alternatives. Given the ongoing need to manage prior obligations and the shell company status, these administrative and legal outlays remain a significant, fixed cost burden.

• Legal and administrative costs are a primary driver of operating expenses.
• The company has been actively exploring strategic alternatives.
• Accumulated deficit exceeded $333 million through December 31, 2023.

Minimal Cost of Goods Sold (COGS) following major asset divestitures

The Cost of Goods Sold (COGS) is expected to be minimal because the core revenue-generating assets have been sold off. RiceBran Technologies completed the sale of its Stabilized Rice Bran (SRB) Business on January 25, 2024. This divestiture significantly reduced the variable costs associated with manufacturing and raw material procurement. The remaining business structure, operating as a public shell, focuses on corporate management rather than large-scale production, meaning COGS should be negligible relative to historical figures.

Interest expense on secured debt (e.g., Funicular Funds promissory note)

Servicing existing debt is a critical, non-discretionary cost. A key component is the senior secured promissory note provided by Funicular Funds, LP, announced in late 2023. This note carried a principal amount of $3.6 million, a 13.5% coupon, and a 10% original issue discount. Based solely on the stated coupon rate, the annual cash interest expense on this specific obligation would be $486,000 ($3,600,000 multiplied by 0.135). This fixed interest payment must be covered by the shell company's remaining cash or other non-operating income.

Debt Instrument Component	Amount / Rate
Funicular Promissory Note Principal	$3.6 million
Coupon Rate	13.5%
Calculated Annual Cash Interest (Coupon Only)	$486,000
Original Issue Discount	10%

General and administrative (SG&A) expenses for a public shell company

As a public shell, the primary ongoing operating costs are the SG&A expenses required to maintain public reporting compliance and basic corporate functions. While 2025 figures aren't public, the 2023 continuing operations SG&A of $5.9 million provides a baseline for the overhead required to keep the entity active and compliant. These costs cover essential functions like executive compensation, accounting, legal compliance (including SEC filings), and investor relations, which are unavoidable for a publicly traded entity.

• SG&A is the main recurring operating cost for the shell structure.
• Costs include maintaining compliance with OTC Markets reporting requirements.
• The market capitalization as of December 6, 2025, was reported at $3K, highlighting the minimal operational scale relative to the cost base.

Finance: draft 13-week cash view by Friday.

RiceBran Technologies (RIBT) - Canvas Business Model: Revenue Streams

You're looking at the revenue side of the Business Model Canvas for RiceBran Technologies (RIBT) as of late 2025. Honestly, the streams look thin and heavily reliant on past performance or uncertain future events, which is typical when a company is under distress.

The most concrete, recent operational revenue stream is the Sales of remaining small grain products. Based on the last reported Trailing Twelve Months (TTM) data available near the start of 2024, this segment generated $22.82 million in revenue, specifically for the period ending Q1 2024. This number gives you a baseline for the ongoing, core business activity, though you'd need to check the latest quarterly filings to see if this has held up or deteriorated further.

Next, you have to factor in Potential one-time proceeds from the sale of remaining assets. We know, for example, that RiceBran Technologies sold its Golden Ridge rice mill for $2.15 million back in January 2024. Furthermore, there was a public notice in late 2024 regarding a UCC Article 9 Sale of substantially all personal property, indicating a significant, likely distress-driven, asset liquidation process was underway. Any final proceeds from this larger sale would be non-recurring revenue, but the final take is definitely an unknown variable right now.

Finally, there are the forward-looking, yet highly speculative, figures. Analyst consensus, which you should view with extreme caution given the operational environment, projects a full fiscal year 2025 revenue of $34.3 million. Here's the quick math: this projection implies a significant jump of over 51.4% from the prior reported annual revenue of $22.6 million in 2023. What this estimate hides, though, is the operational reality; such a large projected increase in a period of distress suggests either a major turnaround or a reliance on asset sales being booked as revenue, which isn't sustainable.

To keep these moving parts straight, here's a snapshot of the key financial figures we are tracking for the revenue side:

Revenue Metric	Amount	Context/Period
TTM Revenue (Small Grain Products)	$22.82 million	Ending Q1 2024
FY 2025 Revenue Projection (Analyst Consensus)	$34.3 million	FY 2025 Estimate
Known Asset Sale Proceeds (Golden Ridge Mill)	$2.15 million	January 2024 Sale
Prior Year Revenue	$22.65 million	Full Year 2023

The nature of the revenue streams, especially with the ongoing asset sales, points to a company in transition or liquidation mode. You can break down the current revenue sources like this:

• Core sales from remaining small grain products.
• One-time cash infusion from asset divestitures.
• Potential residual proceeds from the UCC Article 9 Sale.

It's defintely a mixed bag of recurring, albeit possibly shrinking, operational revenue and lumpy, non-operational asset realization. Finance: draft 13-week cash view by Friday.