Sales Y/Y of BioAmber Inc.
The annual revenue growth is calculated as is an arithmetic mean of a series of growth rates. For this specific metric the calculation takes into account a series of the last three annual growth rates. The average annual revenue growth is useful for determining trends but it can be misleading since only the differences between years are compared and not the starting and ending point (which can happen to be identical). As a result, compounded annual growth rate can be used for evaluating changing financial metrics.
Sales Y/Y of companies in the Basic Industries sector on NYSE compared to BioAmber Inc.
About BioAmber Inc.
BioAmber Inc., an industrial biotechnology company, produces and sells bio-succinic acid to various chemical market customers primarily in the United States and Canada. Its proprietary technology platform combines industrial biotechnology and chemical catalysis to convert renewable feedstocks into chemicals that are replacements for petroleum-derived chemicals. The company's bio-succinic acid is used in various applications, including plasticizers, polyurethanes, personal care products, resins and coatings, de-icing solutions, PET resins, lubricants, polybutylene succinate, fine chemicals, and food additives. Its product pipeline also includes bio-succinic acid derivatives, such as 1, 4 butanediol and tetrahydrofuran used in elastomers, engineering plastics, shoe soles, spandex, and solvents; succinic acid based polyesters for use in automotive interiors, fibers and non-wovens, food packaging, plastic bags and cups, and organic composite boards; and C6 building block chemicals comprising adipic acid, caprolactam, and hexamethylenediamine used in carpets, engineering plastics, textiles and fibers, films, and polyurethanes. The company was formerly known as DNP Green Technology, Inc. and changed its name to BioAmber Inc. in September 2010. BioAmber Inc. is headquartered in Montreal, Canada.
- BioAmber Inc., 1250 Rene Levesque West, Montreal H3B 4W8, Canada