Intrexon hit after ‘going concern’ disclosure

Alongside Q4 results, the company said it expects to include a “going concern” statement in its annual report.

That’s enough for Northland bull Robert Breza to throw in the towel, downgrading to Market Perform from Outperform. The disclosure, he says, will have investors taking a “wait and see attitude” until a way forward becomes clearer.

10-K is here

Previously: Intrexon beats by $0.13, beats on revenue (Feb. 28)

https://seekingalpha.com/news/3439143-intrexon-plunges-nearly-30-percent-going-concern-disclosure