Intrexon Posts Wider Q2 Loss On Noncash Charges - Quick Facts

(RTTNews) - Intrexon Corp. (XON) reported a second-quarter net loss to shareholders of $52.04 million or $0.53 per share, compared to a loss of $13.91 million or $2.45 per share, prior year. The company's loss for the quarter includes noncash charges of $43.0 million, attributable to Intrexon, or $0.53 per share. Pro forma adjusted EBITDA per share was a loss of $0.11 per share, for the quarter.

Analysts polled by Thomson Reuters expected the company to report a loss per share of $0.13 for the quarter. Analysts' esimtaes typically exclude special items.

Total revenues increased to $11.79 million from $6.69 million, a year ago. Analysts expected revenue of $9.39 million for the quarter.

The company said the $5.1 million increase in collaboration revenue resulted primarily from: recognition of deferred revenue for upfront payments received from 11 collaborations or expansions thereof signed by Intrexon between July 1, 2013 and June 30, 2014; recognition of research and development services performed by the company pursuant to the new collaborations; and increased research and development services performed by Intrexon for collaborations in effect prior to June 30, 2013.