Intrexon Corp (NASDAQ:XON) Q2 2019 Earnings Conference Call Transcript

Aug 08, 2019 • 05:30 pm ET

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Intrexon Corp (NASDAQ:XON) Q2 2019 Earnings Conference Call Transcript

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Presentation
Executive
Thomson Bostic

and $25.6 million from the prior year periods. Our reported revenues continue to reflect the strategic direction to transition away from the ECC model and instead focus on internal programs and platforms, that represent our most compelling opportunities.

Total operating expenses for the quarter were $73.4 million and $155.4 million for the year-to-date period, decreases of 23% and 17% over the prior year periods. These declines reflect some of the cost-cutting moves made in the second quarter as we execute against our plan. We ended the second quarter with a cash balance of $125.8 million and as referenced in previous comments, expect to finish the end of year with the same cash balance on hand as at April 3, 2019. I refer you to the earnings release and 10-Q for additional financial information.

Thank you. I would like to now turn the floor over to our CEO R.J. Kirk for questions and answers.