Xenoport (XNPT) Misses Q1 EPS by 4c

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XenoPort Reports First Quarter Financial Results

May 6, 2015 4:05 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- XenoPort, Inc. (Nasdaq: XNPT) announced today its financial results for the first quarter ended March 31, 2015. Revenues for the quarter were $7.1 million, compared to $3.4 million for the same period in 2014. Net loss for the first quarter was $20.4 million, compared to a net loss of $20.5 million for the same period in 2014. At March 31, 2015, XenoPort had cash and cash equivalents and short-term and long-term investments of $191.6 million.

Business Updates Since the Start of the First Quarter

XenoPort completed enrollment in its Phase 2 clinical trial of XP23829... More