Symyx Technologies, Inc. (Nasdaq:SMMX), Santa Clara, Calif.,has reported financial results for the third quarter ended September 30, 2005.
Revenue for the third quarter was $31.7 million, an increase of over 60% compared with revenue of $19.6 million in the third quarter of 2004. Pro forma income from operations for the third quarter was $9.0 million, compared with $3.9 million in the same period last year, an increase of over 130%. Third quarter pro forma earnings per diluted share were $0.19 compared with $0.08 in the same period last year, an increase of approximately 140%.
Revenue for the third quarter included $14.5 million in service revenue derived from research collaborations and software consulting services. Symyx grew research collaborations during the third quarter through the expansion of an existing collaboration. Product revenue for the quarter was $11.4 million, reflecting Discovery Tools(R) shipments to Exxon Mobil, The Dow Chemical Company and Boehringer Ingelheim. In addition, $5.8 million of revenue came from license fees and royalties, including fees from the license of Symyx software and license fees and royalties from Symyx discoveries and intellectual property.
On a GAAP basis, income from operations was $7.7 million for the third quarter of 2005 compared with $3.9 million in the same period last year. Net income was $5.9 million compared with …
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