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REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Codexis Inc. (CDXS) on Thursday reported a loss of $22.6 million in its first quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 34 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The producer of custom industrial enzymes posted revenue of $13 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $14.6 million.
Codexis expects full-year revenue in the range of $63 million to $68 million.
In the final minutes of trading on Thursday, the company's shares hit $3.95. A year ago, they were trading at $12.82.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CDXS">Zacks stock report on CDXS at https://www.zacks.com/ap/CDXS