Wedbush Expects Cash Runway to Last Through Anticipated Catalysts in 2015 for XOMA Corp.

In a report published Friday, Wedbush Securities analyst Liana Moussatos reiterated an Outperform rating and $17.00 price target on

. In the report, Wedbush Securities noted, "Xoma reported Q4/2014 revenues of $4.3/$18.9MM vs. consensus of $10.7MM/$25.2MM. Q4/2014 GAAP EPS (loss) of $(0.12)/$(0.67) was reported vs. consensus of $(0.14)/$(0.49). Xoma ended 2014 with about $78.4MM in cash and short-term investments. We have updated our model to include 2015 guidance for anticipated cash used in operations ($60-65 million, includes expected license and contract related revenue) and based on this guidance, we project cash runway through the end of 2015." XOMA Corp. closed on Thursday at $3.78.