KiOR Inc. (NASDAQ:KIOR) has a market cap of $1.7B at the current price of $16.91. In the latest reported quarter, KiOR lost $34M and had an operating cash burn of $25M. These cash burn numbers will increase as the company embarks on building wood-to-fuel converter plants. Cash, net of $31M in debt, was $176M as of June 30, 2011, aided by a June 2011 IPO. This cash will not last through the projected breakeven point which is still years away.
KiOR is a biomass company that plans to convert wood to petroleum. KIOR has similarities with another biomass company, Petroalgae (PALG.PK), that we wrote articles about previously. Both companies currently sport a market cap in the $1.4B to...
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