Senomyx (SNMX) Tops Q4 EPS by 21c, Beats on Revenues
Senomyx (NASDAQ: SNMX) reported Q4 EPS of $0.15, $0.21 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $14.93 million versus the consensus estimate of $4.83 million.
At year-end, Senomyx had no debt and $15.9 million in cash, which was an increase of $8.2 million from the prior quarter. In addition, the company is scheduled to receive $10.5 million in committed development funding over the next two years.
Commercial revenues in the first quarter of 2018 are expected to decline due to certain contractual terms, including the conclusion of the minimum annual royalties period under the PepsiCo sweet program collaboration and the temporary suspension of royalty payments under the amended Firmenich cool program collaboration announced in the fourth quarter of 2017. For the first quarter of 2018, the company expects:
- Revenues to be at least $3.0 million, of which at least $1.4 million would be commercial revenues; and
- Net loss not to exceed $4.2 million or $(0.09) per share
For earnings history and earnings-related data on Senomyx (SNMX) click here.