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Re: surf1944 post# 57

Friday, 08/06/2010 3:47:14 AM

Friday, August 06, 2010 3:47:14 AM

Post# of 1094
Here are the revenue numbers from the conf call, showing commercial revenue and total revenue figures -


>>> For the full year 2010, Senomyx at this time expects total revenues of $20 million to $24 million, total expenses of $42 million to $44 million, of which $5 million to $6 million is non-cash, stock-based compensation expense. Net loss of $18 million to $21 million and basic and diluted net loss per share of $0.48 to $0.56 per share and net cash used in operating activities to range from $6 million and $8 million.

At this time, I will turn the call back over to the operator to open it up for questions.

Question-and-Answer Session

Operator

Thank you. The question-and-answer session will begin at this time. (Operator Instructions). Please stand by for your first question. Mr. Snyder, our first question comes from the line of Andrew Vaino, representing Roth Capital Partners. Please proceed.

Andrew Vaino - Roth Capital Partners

You mentioned on the Nestlé deal that you guys would now be getting a base payment from Nestlé. Did you mention what that amount was?

Kent Snyder


No, we did not.

Andrew Vaino - Roth Capital Partners


Is it possible to get any guidance to try to figure this out?

Kent Snyder


No. At this point, we are not disclosing the specifics regarding that amendment.

Andrew Vaino - Roth Capital Partners


Okay.

Kent Snyder


We have provided guidance in the past of our overall commercial revenue and that's roughly in the $2 million range, Andrew. So it will give you a sense of what the overall revenue would look like, and we're not changing that particular component of the revenue guidance at this time.

Andrew Vaino - Roth Capital Partners


Okay. Also, on the earnings you guys mentioned today, what was the amount of revenue that was from commercial sales of your products?

Kent Snyder

Commercial revenues for six months were $1.2 million.

Andrew Vaino - Roth Capital Partners


Okay. Sorry. Did you say for six months?

Kent Snyder

For the six months, correct and for the three months over $352,000. <<<