Codexis, Inc. is a biotechnology firm dedicated to the discovery, development, and commercialization of enzymes and other protein-based solutions. Its diverse portfolio encompasses advanced biocatalyst products and related services, specialized chemical intermediates vital for subsequent processing steps, and proprietary biocatalyst panels and kits that empower clients to conduct effective chemistry screening. The company also extends its expertise through biocatalyst screening and sophisticated protein engineering services. Central to its operations is the proprietary CodeEvolver protein engineering technology platform. This innovative platform is instrumental in crafting and delivering high-performance biocatalysts capable of driving chemical transformations, thereby significantly enhancing the efficiency and productivity of manufacturing processes. Beyond industrial applications, the CodeEvolver platform is also leveraged for identifying novel biotherapeutic drug candidates for targeted human diseases, as well as for developing enzymes essential for molecular biology research and in vitro diagnostic applications. Primarily serving pharmaceutical manufacturers, Codexis distributes its products through its dedicated direct sales and business development teams across the United States and Europe. Established in 2002, the company maintains its headquarters in Redwood City, California.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $59.34M | $70.14M | $138.59M | $104.75M | $69.06M | $68.46M | $60.59M | $50.02M |
| Cost of Revenue | $16.29M | $12.81M | $38.03M | $22.21M | $13.74M | $15.63M | $12.62M | $14.33M |
| Gross Profit | $43.06M | $57.33M | $100.56M | $82.55M | $55.31M | $52.83M | $47.97M | $35.70M |
| Gross Margin | 72.55% | 81.74% | 72.56% | 78.80% | 80.10% | 77.17% | 79.17% | 71.36% |
| Operating Expenses | $101.58M | $125.40M | $135.44M | $105.24M | $79.23M | $65.38M | $59.27M | $58.67M |
| Operating Income | $-58.52M | $-68.07M | $-34.88M | $-22.70M | $-23.92M | $-12.55M | $-11.29M | $-22.97M |
| Operating Margin | -98.61% | -97.04% | -25.17% | -21.67% | -34.64% | -18.33% | -18.64% | -45.92% |
| Net Income | $-65.28M | $-76.24M | $-33.59M | $-21.28M | $-24.01M | $-11.94M | $-10.88M | $-23.00M |
| Net Margin | -109.99% | -108.69% | -24.24% | -20.31% | -34.77% | -17.43% | -17.95% | -45.97% |
| EPS (Basic) | $-0.89 | $-1.12 | $-0.51 | $-0.33 | $-0.40 | $-0.21 | $-0.21 | $-0.50 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |