Senomyx (SNMX) Releases Earnings Results, Beats Expectations By $0.03 EPS

Senomyx (SNMX) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $-0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.08. The company posted revenue of $6.30 million in the period, compared to analysts expectations of $5.78 million. The company’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Many Wall Street Analysts have commented on Senomyx. Shares were Downgraded by Lake Street on Mar 7, 2016 to ” Hold” and Lowered the Price Target to $ 4 from a previous price target of $9 .Shares were Reiterated by Needham on Mar 4, 2016 to “Buy” and Lowered the Price Target to $ 7 from a previous price target of $10 .

Senomyx (SNMX) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.49 and reached the intraday high at $2.53. The bulls started the profit booking and pushed the shares to intraday low of $2.42. The trading session was marked by a volume range of 1,53,035 shares exchanging hands. The 52-week high of the shares is $7.799 and the 52-week low is $2.26. The market cap of the company stands at $111 M and there are 4,45,37,883 shares in public circulation.

In a different news, on Mar 13, 2015, Sharon Wicker (Sr VP & Chf Comm Dvlpt Officer) purchased 20,000 shares at $4.33 per share price.

Senomyx Inc. is focused on using taste receptor technologies to discover develop and commercialize flavor ingredients for the packaged food beverage and ingredient supply industries to improve the nutritional profile of their products and generate cost of goods savings while maintaining or improving taste. The Company is engaged in the discovery development and/or commercialization of flavor ingredients through five programs focused on sweet savory bitter cooling and salt taste areas. It has developed taste receptor-based assays for use in its screening systems and to screen its compound libraries and identify potential flavor ingredients. It has identified S2383 a modifier of the sweetener sucralose; S6973 and S9632 two modifiers of sucrose or common table sugar and S617 a modifier of sucrose and high fructose corn syrup. It has also identified several sample classes of new cooling agents that demonstrate a taste proof-of-concept and display cooling properties.


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