in this issue
Regions :: North America :: U.S.
Verenium reports first-quarter loss
3:31 PM MDT | May 9, 2013 | Rebecca Coons
Enzyme producer Verenium reported a net loss from operations of $3.8 million for its fiscal first quarter ended 31 March, compared with $32.1 million in the year-ago quarter. The year-ago quarter included a $31.3 million gain on the sale of Verenium’s oilseed processing business to DSM. Sales fell 20%, to $13.8 million, primarily due to 2 licensing deals signed in the year-ago quarter. Combined product and contract manufacturing revenue increased 6%, to $12.4 million. Product revenue decreased 13%, to $10.2 million, primarily due to a...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee