SENOMYX ANNOUNCES FIRST QUARTER 2017 FINANCIAL RESULTS
SENOMYX (SNMX)
Last senomyx earnings: 8/2 04:05 pm
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Source: PR Newswire
SAN DIEGO, April 27, 2017 /PRNewswire/ -- Senomyx, Inc. (NASDAQ: SNMX), a leading company using proprietary taste science technologies to discover, develop, and commercialize novel flavor ingredients and natural high intensity sweeteners for the food, beverage, and ingredient supply industries, today reported financial results for the first quarter ended March 31, 2017. Highlights from the first quarter include:Commercial revenues increased 26% and direct sales increased 250% over the first quarter of 2016 Natural high intensity sweetener, siratose, introduced Regulatory authorization received for commercialization of a new cooling flavor ingredient"Senomyx is off to a good start in 2017," stated John Poyhonen, President and Chief Executive Officer of the Company. "We exceeded our financial guidance for the first quarter of 2017 and are well-positioned to meet key commercial revenue, business development and R&D goals. During the first quarter, we grew direct sales to well over twice
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