Codexis: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 06:03 PM ET
Last Updated - Jun 21, 2023, 10:36 PM EDT
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.
