Pfenex Inc (PFNX) Releases Earnings Results, Beats Expectations By $0.12 EPS

Pfenex Inc (PFNX) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $-0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $-0.47. The company posted revenue of $2.76 million in the period, compared to analysts expectations of $1.95 million. The company’s revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.29 EPS.

Pfenex Inc closed down -0.27 points or -3.23% at $8.1 with 40,397 shares getting traded on Friday. Post opening the session at $8.186, the shares hit an intraday low of $7.9801 and an intraday high of $8.53 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 3, 2015, Patrick K. Lucy (Chief Business Officer) sold 1,500 shares at $14.15 per share price. According to the SEC, on Dec 2, 2015, Henry W. Jr. Talbot (VP of Operations) sold 2,000 shares at $15.08 per share price. On Dec 2, 2015, Bertrand C. Liang (Chief Executive Officer) sold 5,000 shares at $15.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Pfenex Inc. is a clinical-stage biotechnology company. The Company is engaged in the development of biosimilar therapeutics and high-value and difficult to manufacture proteins. The Company’s lead product candidate is PF582 a biosimilar candidate to Lucentis (ranibizumab). The Company is conducting a Phase Ib/IIa trial for PF582 in patients with wet age-related macular degeneration (wet AMD). The Company’s next most advanced product candidate is PF530 a biosimilar candidate to Betaseron (interferon beta-1b). The Company’s pipeline includes five other preclinical biosimilar products under development such as PF726 PF529 PF688 PF694 and PF444. It is also developing a vaccine Px563L which is an anthrax vaccine candidate; a generic product PF708 and next generation biologic candidates. The Company’s product candidates are enabled by its patented protein production platform Pfenex Expression Technology.

Pfenex Inc

Leave a Reply

Pfenex Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Pfenex Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.