Seeking Alpha

Codexis updates guidance after Q2 results

  • Codexis (CDXS +2.5%) Q2 results: Total Revenues: $6.6M (-5.7%); Operating Loss: ($8.9M) (+28.4%); Net Loss: ($8.5M) (+32.7%); Loss Per Share: ($0.22) (-33.3%); Quick Assets: $20.1M (-22.6%).
  • 2014 Guidance: Revenues: $35M - 38M; gross margin: 70 - 75%; CF Ops >0.
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