Verenium Corporation's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Verenium Corporation (VRNM)

Q1 2012 Earnings Call

May 10, 2012 5:00 p.m. ET


James Levine – President, Chief Executive Officer

Jeffrey Black – Senior Vice President, Chief Financial Officer

Janet Roemer – Chief Operating Officer


Laurence Alexander - Jefferies & Co.



Good day ladies and gentlemen, and welcome to Verenium Corporation’s first quarter 2012 earnings conference call. [Operator instructions.] I would now like to hand the conference over to Mr. Jeff Black, chief financial officer. Sir, you may begin.

Jeffrey Black

Thank you, and good afternoon. Thank you for joining Verenium’s first quarter 2012 conference call. I’m Jeff Black, chief financial officer, and with me today are Jamie Levine, our CEO, and Janet Roemer, our chief operating officer.

The agenda for today’s call is as follows. First, Jamie will provide an outlook on the business moving forward in light of the transaction we recently announced with DSM. Janet will then discuss commercial operations, including Q1 performance, and I will then review our financial results for the first quarter of 2012 and provide updated 2012 financial guidance.

Before we begin, I would like to advise you that this discussion will include certain statements that are not historical facts and are forward-looking statements that involve a high degree of risk and uncertainty. These statements relate to matters such as our strategy, future operating plans, markets for our products, partnering, collaboration activities, public policy, financing, M&A activities, technical, and business outlooks.

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