Codexis sees Q2 revenue $21M-$22M, consensus $18.09M

The company said, “Based on preliminary unaudited financial information, Codexis expects to report the following financial results for the second quarter of 2023. The Company has not yet completed the preparation of its financial statements for the three and six months ended June 30, 2023, and as a result, final reported results may differ materially from the preliminary results presented herein. Additionally, the Company’s independent registered public accountants may identify items that could cause the final reported results to be materially different from the preliminary financial estimates presented herein. Total revenues are expected to be in the range of $21 million to $22 million, which includes product revenues in the range of $11 million to $12 million and R&D revenues of approximately $10 million. As of June 30, 2023, the Company had cash and cash equivalents of $92.1 million.”