Codexis: Q4 Earnings Snapshot

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Codexis Inc. (CDXS) on Thursday reported a loss of $12.6 million in its fourth quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of 19 cents.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.

The producer of custom industrial enzymes posted revenue of $30.4 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $29.1 million.

For the year, the company reported that its loss widened to $33.6 million, or 51 cents per share. Revenue was reported as $138.6 million.

Codexis expects full-year revenue in the range of $63 million to $68 million.

Codexis shares have risen 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.49, a decline of 68% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CDXS at

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