Revenue Update on Senomyx(NASDAQ:SNMX)

Senomyx(NASDAQ:SNMX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $6.57M. Analysts estimated a revenue of $6.20M. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.06.

Senomyx (SNMX) made into the market gainers list on Thursdays trading session with the shares advancing 5.57% or 0.18 points. Due to strong positive momentum, the stock ended at $3.41, which is also near the day’s high of $3.46. The stock began the session at $3.25 and the volume stood at 1,04,796 shares. The 52-week high of the shares is $7.799 and the 52 week low is $2.11. The company has a current market capitalization of $153 M and it has 4,47,63,235 shares in outstanding.

Several Insider Transactions has been reported to the SEC. 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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