Intrexon (XON) Reports Wider Loss In Q2, Revenues Increase
Zacks Investment Research | Aug 10, 2016 05:10AM ET
Intrexon Corporation (NYSE:XON) reported a loss of 42 cents per share in second-quarter 2016, compared to the year-ago figure of 37 cents. Excluding unrealized and realized appreciation (depreciation) in fair value of equity securities, loss came in at 22 cents compared to the prior-year tally of 18 cents.
Total revenue came in at $52.5 million in the quarter, up 17% year over year. Reported revenues were, however, below the Zacks Consensus Estimate of $55.5 million.
Quarter in Detail
Intrexon’s revenues primarily consist of collaboration and licensing revenues as well as product revenues and service revenues.
Collaboration and licensing revenues surged 59.9% to $27.5 million. The increase was primarily attributable to the recognition of deferred revenue from upfront payments received under the May 2015 license and collaboration agreement with Merck (NYSE:MRK) KGaA
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