Codexis: Q2 Earnings Snapshot

August 4, 2022 GMT

REDWOOD CITY, Calif. (AP) _ Codexis Inc. (CDXS) on Thursday reported a loss of $2.6 million in its second quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of 4 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The producer of custom industrial enzymes posted revenue of $38.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $37.9 million.

Codexis expects full-year revenue in the range of $135 million to $141 million.

Codexis shares have declined 74% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.98, a drop of 63% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDXS at https://www.zacks.com/ap/CDXS