Senomyx (SNMX) Tops Q2 EPS by 1c

Senomyx (NASDAQ: SNMX) reported Q2 EPS of ($0.06), $0.01 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $2.8 million versus the consensus estimate of $4.6 million.

Financial Outlook:

Senomyx ended the second quarter 2017 with no debt and $11.2 million in cash, an increase of $1.1 million during the second quarter. In addition, the Company is scheduled to receive $14.0 million in committed development funding in the future.

For the third quarter of 2017, the Company expects:

• Revenues to be at least $4.7 million, of which at least $2.9 million are commercial revenues; and
• Net loss not to exceed $3.2 million or $0.07 per share

For earnings history and earnings-related data on Senomyx (SNMX) click here.

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