verenium corp
(VRNM:NASDAQ SE Consolidated Large Cap)
verenium corp (VRNM) Snapshot
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Open
$2.18
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Previous Close
$2.15
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Day High
$2.25
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Day Low
$2.13
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52 Week High
07/26/12 - $4.69
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52 Week Low
11/16/12 - $2.05
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Market Cap
28.0M
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Average Volume 10 Days
29.1K
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EPS TTM
$-1.31
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Shares Outstanding
12.8M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
verenium corp (VRNM) Details
Verenium Corporation, an industrial biotechnology company, engages in the development and commercialization of enzymes for industrial processes in North America, Europe, South America, and Asia. The company manufactures and markets its proprietary enzyme products in the fields of animal health and nutrition, grain processing, oilfield services, and other industrial processes, such as pulp and paper, and textiles. Its animal health and nutrition product is Phyzyme XP phytase, an enzyme added to poultry and swine feed that promotes growth by enhancing the nutrition that animals extract from feed grains. The company’s grain processing products comprise Fuelzyme alpha-amylase, an enzyme for starch liquefaction in the production of fuel ethanol and other industrial-use alcohols; DELTAZYM GA L-E5, a high-activity glucoamylase for the conversion of starch to sugars in fuel ethanol production; and Xylathin xylanase, an enzyme that enhances the efficiency of fuel ethanol production from cereal grains. Its oilfield services products include Pyrolase cellulase and Pyrolase HT cellulase, which are enzymes that break carbohydrates in the fluids used in oil and gas well operations; and Eradicake alpha-amylase enzyme, which breaks down starch. The company’s other industrial processes products comprise Cottonase pectate lyase, a textile processing enzyme for cotton; and Luminase PB-100 xylanase, which enhances the reactivity of pulp fiber to bleaching chemicals. It also has enzyme product candidates in various stages of development for animal health and nutrition, grain and starch processing, and oilfield services markets. In addition, the company provides contract manufacturing services. Verenium Corporation has a strategic collaboration with Novus International, Inc. The company was formerly known as Diversa Corporation and changed its name to Verenium Corporation in June 2007. Verenium Corporation was founded in 1992 and is headquartered in San Diego, California.
verenium corp (VRNM) Top Compensated Officers
verenium corp (VRNM) Key Developments
Verenium Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company has posted total revenues decreased 20% to $13.8 million from $17.2 million in the prior year, primarily due to license revenue recorded in 2012 from DSM and Novus International. Loss from operations was $3.8 million compared to income from operations of $32.0 million for the prior year, on a GAAP accounting basis, including the impact of the $31.3 million gain on sale of the oilseed processing business to DSM in 2012. Adjusted LBITDA was $2.5 million, compared to Adjusted EBITDA income of $1.4 million for the same quarter in the prior year. The change in Adjusted EBITDA is primarily attributed to license revenue recorded in 2012 from DSM and Novus International, and increased research and development expenses. Net loss from continuing operations was $6.05 million against net income from continuing operations of $29.31 million a year ago. Net loss attributed to Verenium was $6.05 million or $0.47 diluted per share against net income of $29,301,000 or $2.32 diluted per share a year ago. For the year 2013, the company expects adjusted LBITDA to be in between $10 million to $12 million and capital expenditures to be in between $3 million to $4 million.
Verenium Corporation, Q1 2013 Earnings Call, May 09, 2013
Verenium Corporation announced that they will report Q1, 2013 results After-Market on May 09, 2013
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Industry Analysis
VRNM
Industry Average
| Valuation | VRNM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.5x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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To contact VERENIUM CORP, please visit www.verenium.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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