Senomyx Inc. (SNMX, Financial) filed Annual Report for the period ended 2009-12-31.
Senomyx Inc. has a market cap of $131.5 million; its shares were traded at around $4.2299 with and P/S ratio of 7.7. SNMX is in the portfolios of Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC.
The packaged food, beverage and ingredient industries are comprised of a number of large and highly competitive market segments. Small market share gains in specific large market segments can translate into significant additional revenue for packaged food, beverage and ingredient companies. For example, according to recent Euromonitor data, estimated 2008 worldwide sales of soft drinks were approximately $333.3 billion. Thus, an increase of a tenth of a percentage point in overall worldwide market share would result in additional revenue of approximately $333.3 million.
Company, worldwide demand for MSG was approximately 2.1 million metric tons in 2008 which would have had a cost of $4.2 billion using January 2010 spot prices. According to LMC International, worldwide demand for high-fructose corn syrup for 2009 was approximately 12.6 million metric tons which would have had a cost of approximately $6.7 billion using January 2010 spot prices. Flavor ingredients can potentially facilitate a reduction in the quantity of these ingredients used in packaged food, beverage and ingredient products, which could result in significant decreases in costs and associated increases in profit margins.
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Senomyx Inc. has a market cap of $131.5 million; its shares were traded at around $4.2299 with and P/S ratio of 7.7. SNMX is in the portfolios of Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC.
Highlight of Business Operations:
Packaged food and beverage products include carbonated and non-carbonated beverages, frozen foods, snack foods, ice cream, pasta, canned soup, pet food and numerous other products. According to recent data from Euromonitor International, an independent research organization, worldwide sales of packaged food and beverage products in 2008 were approximately $1.7 trillion, of which approximately $309.1 billion was generated in the United States. These figures represent growth rates of approximately 5% and 3%, respectively, over 2003 amounts. Based on these estimates, of the worldwide total, sales of packaged foods were approximately $1.3 trillion and sales of non-alcoholic beverages were approximately $392.3 billion. Based on recent data from Euromonitor, Information Resources, Inc., a provider of enterprise market information solutions and services, and reports from our collaborators, we estimate that our collaborators combined worldwide sales in 2008 of their products that fall within their exclusive or co-exclusive product fields were approximately $60.3 billion. Our current collaboration agreements provide that we will receive royalties of up to 4% on our collaborators sales of retail and food service products, and in some cases higher on our collaborators sales of ingredient supplies containing our flavor ingredients. The actual royalties vary by agreement and depend upon a number of factors including, for example, the product field, cost of goods savings, degree of flavor enhancement and sales volume of collaborator products incorporating our flavor ingredients. We do not anticipate that our collaborators will incorporate our flavor ingredients into all of their products within their exclusive or co-exclusive product fields.The packaged food, beverage and ingredient industries are comprised of a number of large and highly competitive market segments. Small market share gains in specific large market segments can translate into significant additional revenue for packaged food, beverage and ingredient companies. For example, according to recent Euromonitor data, estimated 2008 worldwide sales of soft drinks were approximately $333.3 billion. Thus, an increase of a tenth of a percentage point in overall worldwide market share would result in additional revenue of approximately $333.3 million.
Company, worldwide demand for MSG was approximately 2.1 million metric tons in 2008 which would have had a cost of $4.2 billion using January 2010 spot prices. According to LMC International, worldwide demand for high-fructose corn syrup for 2009 was approximately 12.6 million metric tons which would have had a cost of approximately $6.7 billion using January 2010 spot prices. Flavor ingredients can potentially facilitate a reduction in the quantity of these ingredients used in packaged food, beverage and ingredient products, which could result in significant decreases in costs and associated increases in profit margins.
Read the The complete Report
