San Diego-based Senomyx Inc. announced unaudited revenue of $5.9 million for the third quarter ended Sept. 30, compared with $6.7 million for the like quarter of 2013.
The company, which uses proprietary taste technologies to discover, develop and commercialize novel flavor ingredients for the food, beverage, and ingredient supply industries, said it ended the quarter with $31 million in cash and highly liquid investments.
Total revenues for the nine months, ended Sept. 30, were $21.4 million compared with $21.9 million for the first nine months of 2013, according to the company.
Senomyx reported a net loss for the third quarter of $4.4 million compared with $3.5 million in the third quarter of 2013. The basic and diluted net loss per share was $0.10 for the third quarter compared with $0.09 for the like quarter of the previous year.
For the first nine months of 2014, the unaudited net loss was $9.05 million compared with $8.8 million in the like period of 2013.
In May, Senomyx announced the extension of a collaborative agreement with PepsiCo, related to Senomyx’s sweet-taste technology, for an additional two years, through August 2016.