Diversa Corporation DVSA - Diversa Corporation lowered its outlook for fiscal 2006.
Diversa Corporation DVSA - Diversa Corporation lowered its outlook for fiscal 2006.
The Company expects 2006 total revenue to be between $48 and $52 million, with product-related revenue of $15 to $18 million. The Company expects its net loss for the full year to be between $39 and $42 million as compared to $89.7 million in 2005. The expected net loss for 2006 includes $10.8 million in restructuring charges and $5.4 million in non-cash share-based compensation expense. According to Reuters Estimates, analysts on average are expecting the Company to report net loss of $25.20 million on revenues of $51.25 million in the same period.
Biotech News
The Company expects 2006 total revenue to be between $48 and $52 million, with product-related revenue of $15 to $18 million. The Company expects its net loss for the full year to be between $39 and $42 million as compared to $89.7 million in 2005. The expected net loss for 2006 includes $10.8 million in restructuring charges and $5.4 million in non-cash share-based compensation expense. According to Reuters Estimates, analysts on average are expecting the Company to report net loss of $25.20 million on revenues of $51.25 million in the same period.
Biotech News
posted by Famous Quotations - Diversa Corporation DVSA - Diversa Corporation lowered its outlook for fiscal 2006.
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