An investment in Ceres is not for the weak of heart. As an early stage company, Ceres is spending to build a product line and forge relationships. Most recently Ceres announced progress with its drought resistance traits for rice. The company has recorded little revenue and is still reporting deep losses. By the end of the March 2013 quarter the company had accumulated $258 million in net losses. Based on the most recently reported six months, Ceres is using about $2.4 million in cash each month to support operations.