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Stock impact report

Codexis Inc (CDXS) Reports Fiscal Year 2023 Financial Results [Yahoo! Finance]

Codexis, Inc. (CDXS) 
Last codexis, inc. earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.codexis.com/investors
Company Research Source: Yahoo! Finance
Product Revenues : $42.9 million for FY 2023, including PAXLOVID enzyme sales, down from $116.7 million in FY 2022. R&D Revenues : Increased to $27.2 million in FY 2023 from $21.9 million in FY 2022. Net Loss : Reported at $76.2 million for FY 2023, widening from a net loss of $33.6 million in FY 2022. Product Gross Margin : Improved to 63% in FY 2023, up from 52% in FY 2022, excluding PAXLOVID enzyme sales. Cash Position : Approximately $70.1 million in pro forma cash and cash equivalents as of December 31, 2023. 2024 Guidance : Product revenues expected to be between $38 million to $42 million, excluding PAXLOVID revenue. Warning! GuruFocus has detected 6 Warning Signs with CDXS. On February 28, 2024, Codexis Inc ( NASDAQ:CDXS ), a prominent enzyme engineering firm, disclosed its financial outcomes for the fourth quarter and the fiscal year ending December 31, 2023. The company's 8-K filing revealed a mix of advancements and challenges as it navigates the evolving bio Show less Read more
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