Senomyx Inc., a biotechnology company that makes flavor-enhancers, on Thursday reported a loss of $3.1 million in its fourth quarter.
The San Diego-based company said it had a loss of 7 cents per share, which exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The maker of food flavorings posted revenue of $6.3 million in the period. For the year, the company reported that its loss widened to $12.2 million, or 29 cents per share. Revenue for 2014 was reported as $27.7 million.
Senomyx expects a full-year loss of 28 cents to 35 cents per share, with revenue in the range of $25 million to $30 million.
Senomyx is trading on the Nasdaq under the ticker symbol SNMX. Shares have declined 9 percent since the beginning of the year. The stock has declined 38 percent in the last 12 months.