Zogenix Provides Corporate Update and Reports Fourth Quarter and Full-Year 2019 Financial Results
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Zogenix (ZGNX) Misses Q4 EPS by 20c, Revenues Beat
March 2, 2020 4:02 PM ESTZogenix (NASDAQ: ZGNX) reported Q4 EPS of ($1.26), $0.20 worse than the analyst estimate of ($1.06). Revenue for the quarter came in at $1.95 thousand versus the consensus estimate of $440 thousand.
Fourth Quarter 2019 Financial Results
The Company recorded $1.9 million in revenue for the fourth quarter ended December 31, 2019, as a result of its March 2019 collaboration with Nippon Shinyaku Co., Ltd. for FINTEPLA in Dravet syndrome and LGS in Japan. Zogenix recorded no revenue for the corresponding period of 2018.Research and development expenses for the fourth quarter ended December 31, 2019, totaled $35.8 million, up from $23.6 million in the fourth quarter... More