Why Intrexon Stock Dropped 34% in March [The Motley Fool]
INTREXON CORP (XON)
Last intrexon corp earnings: 11/12 07:30 am
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Source: The Motley Fool
Why Intrexon Stock Dropped 34% in March Demitrios Kalogeropoulos ( TMFSigma Apr 8, 09 at 8:8AM What happened Engineered biology specialist Intrexon NASDAQ:XON 00 Global Market Intelligence The drop left shares lower by nearly 70% in the past months. Image source: Getty Images. So what Intrexon announced fiscal fourth-quarter results on the last trading day of February in a report that included several unwelcome surprises for investors. For example, sales fell % to help spark an adjusted net loss for the period. Reported losses were much higher due to noncash charges of over $00 million. Investors were far more concerned to see a financial warning indicating the company might not have sufficient operating cash flow Now what CEO Randal Kirk and his team believe their portfolio of intellectual property, especially the natural gas bioconversion platform, still has plenty of commercial value
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