The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Aug 2, 2018. Its latest SEC filing is a 15-12G from Nov 13, 2018.
10-Q for Q2 FY2018, filed Aug 2, 2018
The sections below describe the company as of the FY2017 annual report.
Develops and commercializes flavor ingredients and natural high-intensity sweeteners for packaged food, beverage and ingredient companies.
10-K for FY2017, filed Mar 8, 2018
Collaborators pay license fees, fund research and reimburse costs; research funding is earned as work is done, milestones when goals are achieved, and royalties when collaborators report product sales. Flavor companies also buy ingredients directly, with sales counted once a sale is complete.
10-K for FY2017, filed Mar 8, 2018Development revenues are based on our product discovery, development and commercialization collaboration agreements. Some of our…View ↗
Non-refundable license fees, if not associated with our future performance, are recognized when received. Non-refundable license fees, if…View ↗
Royalties on sales made by our collaborators of products incorporating our flavor ingredients are recognized when a royalty report or other…View ↗
Revenues from direct sales of our flavor ingredients are recorded when there is persuasive evidence that an arrangement exists, title has…View ↗
$29.3M
10-K for FY2017, filed Mar 8, 2018
$29.3M ↗
Works with packaged food, beverage and ingredient companies through collaborations, and sells flavor ingredients to flavor companies for use in systems they resell to food and beverage makers. It can also sell directly to food, beverage, consumer product and pharmaceutical customers.
10-K for FY2017, filed Mar 8, 2018Historically, we have derived our revenues from collaborative agreements by licensing our flavor ingredients to our collaborators on an…View ↗
In addition to revenues from collaborative agreements, we have a complementary commercialization strategy whereby we sell certain of our…View ↗
Pursuing Market Opportunities through Direct Sales. We seek to optimize the value of our flavor ingredients by creating new opportunities…View ↗
8-K, filed Nov 2, 2018
Following the completion of the Offer, on November 2, 2018, pursuant to the terms of the Merger Agreement and in accordance with Section…View ↗
Held flat. Revenue was $29.3M in FY2017, about the same as the $29.3M of FY2013.
Licensing approach
The older report says Senomyx licensed flavor ingredients exclusively or co-exclusively to collaborators. The latest describes a move toward primarily non-exclusive licenses, broadening access to the ingredients.
10-K for FY2014, filed Feb 26, 2015 10-K for FY2017, filed Mar 8, 2018We have historically derived our revenues from collaborative agreements. We license our flavor ingredients to our collaborators on an…View ↗
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