Xenon Pharmaceuticals Reports First Quarter 2020 Financial Results and Provides Corporate Update
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Xenon Pharmaceuticals (XENE) Tops Q1 EPS by 10c, Revenues Beat
May 21, 2020 4:03 PM EDTXenon Pharmaceuticals (NASDAQ: XENE) reported Q1 EPS of ($0.22), $0.10 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $7.08 million versus the consensus estimate of $4.5 million.
First Quarter 2020 Financial Results
Cash and cash equivalents and marketable securities as of March 31, 2020 were $229.7 million, compared to $141.4 million as of December 31, 2019. There were 34,956,272 common shares and 1,016,000 Series 1 Preferred Shares, which are convertible into common shares on a one-for-one basis at the option of the holder, subject to certain limitations, outstanding as of March 31, 2020.Based on current assumptions, which include fully supporting the planned... More