Senomyx Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. For the period, the company reported net loss of $3,008,000 or $0.07 basic and diluted loss per share on revenue of $7,482,000 against net loss of $1,852,000 or $0.05 basic and diluted loss per share on revenue of $8,282,000 a year ago. Loss from operations was $3,019,000 against $1,878,000 a year ago. Development revenues were $6 million in the first quarter of 2013 compared to 7.1 million in the first quarter of 2012. The decrease is primarily due to 2 factors, first related to the initial $20 million in up-front license fees paid to Senomyx’s under the 2009 Sweet Program collaboration with Firmenich. For 2013, the company expects total revenues of $31 million to $34 million, total operating expenses of $41 million to $43 million, of which approximately $4 million is non-cash, stock-based compensation expense, net loss of $8 million to $10 million and basic and diluted net loss of $0.20 to $0.25 per share.

Senomyx Inc., Q1 2013 Earnings Call, Apr 25, 2013

Senomyx Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Apr 25, 2013