Intrexon (XON) Misses Q3 EPS by 10c

Intrexon (NYSE: XON) reported Q3 EPS of ($0.33), $0.10 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $46 million versus the consensus estimate of $55.11 million.

• Total revenues of $46.0 million, a decrease of 6% from the third quarter of 2016;
• Net loss of $39.7 million attributable to Intrexon, or $(0.33) per basic share, including non-cash charges of $24.0 million;
• Adjusted EBITDA of $(16.4) million, or $(0.14) per basic share;
• The net change in deferred revenue related to upfront and milestone payments, which represents the cash and stock received from collaborators less the amount of revenue recognized during the period, was a decrease of $8.6 million compared to a decrease of $1.8 million in the third quarter of 2016; and
• Cash, cash equivalents, and short-term investments totaled $108.7 million, the value of preferred shares totaled $148.5 million, and the value of common equity securities totaled $26.6 million at September 30, 2017.

For earnings history and earnings-related data on Intrexon (XON) click here.

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