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Codexis Q1 net loss narrows to $8.7 million; revenue more than doubles to $15.2 million

PUBT·05/07/2026 20:35:28
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Codexis Q1 net loss narrows to $8.7 million; revenue more than doubles to $15.2 million
  • Codexis posted Q1 revenue of USD 15.2 million, more than doubling from year-ago levels on recognition of an additional USD 6.3 million from Merck Technology Transfer agreement executed in Q4 2025.
  • Net loss narrowed to USD 8.7 million, or USD 0.1 per share, from USD 20.7 million, or USD 0.25 per share, a year earlier.
  • Product gross margin rose to 71% from 55%, while R&D expense eased to USD 11.4 million from USD 12.9 million.
  • Cash, cash equivalents, short-term investments totaled USD 65.1 million at March 31, with management expecting funding for planned operations through end-2027.
  • Full-year revenue guidance reiterated at USD 72 million to USD 76 million, with ECO Synthesis updates including planned TIDES USA presentations and a Q2 building-permit application for ECO GMP Manufacturing Center ahead of retrofit construction in H2 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Codexis Inc. published the original content used to generate this news brief on May 07, 2026, and is solely responsible for the information contained therein.