Codexis Secures $40 Million in Strategic Financing Deal with Innovatus Capital Partners to Further Strengthen Cash Position Ahead of Key Milestones [Yahoo! Finance]
Codexis, Inc. (CDXS)
Last codexis, inc. earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
Financing bolsters cash position and provides additional flexibility on projected runway through positive cash-flow around end of 2026 Codexis management to host conference call today at 4:30 pm ET REDWOOD CITY, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading enzyme engineering company, today announced it has entered into a loan facility agreement with an affiliate of Innovatus Capital Partners, LLC (Innovatus) for up to $40 million, including $30 million upfront and access to an additional $10 million upon achieving certain prespecified revenue thresholds. This loan facility reinforces the strength of Codexis' cash position, provides additional flexibility to its projected runway through cash-flow positive around the end of 2026 and will support the ongoing development and commercialization of the Company's Enzyme-Catalyzed Oligonucleotide (ECO) Synthesis™ manufacturing platform. “The rapid technical progress we have made with our ECO Synthesi
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CDXS
News
- Codexis GAAP EPS of -$0.16 beats by $0.02, revenue of $17.1M beats by $3.8M [Seeking Alpha]Seeking Alpha
- Codexis Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Codexis Reports First Quarter 2024 Financial ResultsGlobeNewswire
- With 74% institutional ownership, Codexis, Inc. (NASDAQ:CDXS) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
- Codexis to Report First Quarter 2024 Financial Results on May 2GlobeNewswire
CDXS
Earnings
- 5/2/24 - Beat
CDXS
Sec Filings
- 5/2/24 - Form S-3
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- CDXS's page on the SEC website