Quarterly ResultMay 7, 2026, 04:33 PM
Codexis Q1 Revenue +102% to $15.2M; Net Loss $(8.7)M
AI Summary
Codexis, Inc. reported a significant improvement in its financial performance for the first quarter of 2026, with total revenues more than doubling to $15.2 million, driven by strong growth in research and development revenue. The company also substantially reduced its net loss by 58% to $8.7 million compared to the prior year. Total cash, cash equivalents, and short-term investments increased to $65.1 million.
Key Highlights
- Total revenues increased by 102.1% to $15.2 million for Q1 2026 from $7.5 million in Q1 2025.
- Product revenue grew by 18.7% to $7.2 million in Q1 2026, up from $6.1 million in Q1 2025.
- Research and development revenue surged by 442.9% to $8.1 million in Q1 2026 from $1.5 million in Q1 2025.
- Net loss significantly decreased by 57.9% to $(8.7) million in Q1 2026 from $(20.7) million in Q1 2025.
- Net loss per share improved to $(0.10) in Q1 2026 from $(0.25) in Q1 2025.
- Total costs and operating expenses decreased by 16.8% to $23.3 million in Q1 2026.
- Cash, cash equivalents, and short-term investments totaled $65.1 million as of March 31, 2026.
- Long-term debt stood at $40.5 million as of March 31, 2026, with an effective interest rate of 12.7%.
Price Impact
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