Codexis was founded in 2002 and is headquartered in Redwood City, US

President & CEO

Senior Vice President, Research & Development

Codexis has an office in Redwood City

Redwood City, US (HQ)

200 Penobscot Dr

Codexis's revenue was reported to be $8 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 8 m |

## Gross profit (Q1, 2017) | 5 m |

## Gross profit margin (Q1, 2017), % | 62% |

## Net income (Q1, 2017) | (7.5 m) |

## EBIT (Q1, 2017) | (7.5 m) |

## Market capitalization (15-Aug-2017) | 248 m |

## Cash (31-Mar-2017) | 13.9 m |

Codexis's current market capitalization is $248 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 31.9 m | 35.3 m | 41.8 m | 48.8 m |

## Revenue growth, % | 11% | 18% | 17% | |

## Cost of goods sold | 9.8 m | |||

## Gross profit | 39.1 m | |||

## Gross profit Margin, % | 80% | |||

## Operating expense total | 73.1 m | 54.4 m | 49.6 m | 57.4 m |

## EBIT | (41.1 m) | (19.1 m) | (7.8 m) | (8.6 m) |

## EBIT margin, % | (129%) | (54%) | (19%) | (18%) |

## Interest income | 60 k | 18 k | 19 k | 60 k |

## Pre tax profit | (41.4 m) | (19.3 m) | (7.9 m) | (8.6 m) |

## Income tax expense | (87 k) | (256 k) | ||

## Net Income | (41.3 m) | (19.1 m) | (7.6 m) | (8.6 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 6.6 m | 7.5 m | 6.8 m | 6 m | 17.4 m | 8 m | 16 m | 14.9 m | 8 m |

## Cost of goods sold | 3 m | ||||||||

## Gross profit | 5 m | ||||||||

## Gross profit Margin, % | 62% | ||||||||

## R&D expense | 7.7 m | 5 m | 5.3 m | 5.2 m | 5 m | 5.7 m | 5.1 m | 5.5 m | 5.8 m |

## General and administrative expense | 5.6 m | 5.2 m | 5.6 m | 5.3 m | 5.4 m | 6.8 m | 6.4 m | 5.2 m | 6.6 m |

## Operating expense total | 13.4 m | 10.2 m | 10.9 m | 10.5 m | 10.4 m | 12.5 m | 11.5 m | 10.7 m | 12.4 m |

## EBIT | (8.9 m) | (4.3 m) | (5.5 m) | (5.7 m) | 5.7 m | (7 m) | 2.2 m | 1.4 m | (7.5 m) |

## EBIT margin, % | (136%) | (57%) | (81%) | (95%) | 33% | (87%) | 14% | 10% | (94%) |

## Interest income | 3 k | 3 k | 4 k | 4 k | 4 k | 15 k | 13 k | 12 k | 18 k |

## Pre tax profit | (8.9 m) | (4.3 m) | (5.6 m) | (5.8 m) | 5.7 m | (7 m) | 2.2 m | 1.4 m | (7.4 m) |

## Income tax expense | 253 k | 12 k | 274 k | 11 k | 24 k | ||||

## Net Income | (8.5 m) | (4.6 m) | (5.6 m) | (5.4 m) | 5.4 m | (7 m) | 2.2 m | 1.4 m | (7.5 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 22.1 m | 26.5 m | 23.3 m | 19.2 m |

## Inventories | 1.5 m | 1.4 m | 992 k | 825 k |

## Current Assets | 35.8 m | 33 m | 32.8 m | 27.2 m |

## PP&E | 8.4 m | 4 m | 3.1 m | 2.2 m |

## Goodwill | 3.2 m | 3.2 m | 3.2 m | 3.2 m |

## Total Assets | 58.8 m | 48.1 m | 44.6 m | 35.6 m |

## Accounts Payable | 4 m | 4.7 m | 3.4 m | 4.2 m |

## Current Liabilities | 11.2 m | 13.7 m | 14.8 m | 12.4 m |

## Total Liabilities | 16.5 m | |||

## Additional Paid-in Capital | 298.4 m | 302.4 m | 306 m | 311.2 m |

## Retained Earnings | (256.9 m) | (275.9 m) | (283.5 m) | (292.1 m) |

## Total Equity | 22.9 m | 19.1 m | ||

## Financial Leverage | 2 x | 1.9 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 20.1 m | 21.5 m | 22.2 m | 16.6 m | 17 m | 22.2 m | 22.4 m | 14.9 m | 13.9 m |

## Inventories | 2 m | 1.9 m | 992 k | 968 k | 678 k | 1 m | 1.2 m | 1.1 m | 1.1 m |

## Current Assets | 26.9 m | 28.2 m | 27.6 m | 21.4 m | 32.3 m | 28.8 m | 27.9 m | 30.1 m | 21.7 m |

## PP&E | 4.9 m | 4.4 m | 3.5 m | 3.2 m | 2.8 m | 2.8 m | 2.4 m | 2.3 m | 2.8 m |

## Goodwill | 3.2 m | 3.2 m | 3.2 m | 3.2 m | 3.2 m | 3.2 m | 3.2 m | 3.2 m | 3.2 m |

## Total Assets | 45.2 m | 44.8 m | 41.4 m | 35.3 m | 44.3 m | 39.2 m | 36.9 m | 38.5 m | 30.6 m |

## Accounts Payable | 3.3 m | 2.5 m | 2 m | 1.7 m | 1.2 m | 2.9 m | 2.7 m | 2.1 m | 3.5 m |

## Current Liabilities | 10.8 m | 11 m | 11.9 m | 11.4 m | 12.8 m | 16.5 m | 12.4 m | 11.7 m | 13.5 m |

## Additional Paid-in Capital | 300.7 m | 301.4 m | 303.2 m | 303.3 m | 304.6 m | 306.3 m | 308 m | 309.3 m | 311.3 m |

## Retained Earnings | (271.7 m) | (276.3 m) | (281.5 m) | (286.9 m) | (281.5 m) | (290.5 m) | (288.2 m) | (286.8 m) | (299.5 m) |

## Total Equity | 17.1 m | 23.3 m | 16.1 m | 19.7 m | 22.8 m | 11.7 m | |||

## Financial Leverage | 2.1 x | 1.9 x | 2.4 x | 1.9 x | 1.7 x | 2.6 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (41.3 m) | (19.1 m) | (7.6 m) | (8.6 m) |

## Accounts Receivable | 1.6 m | 1.6 m | (3.5 m) | 1.4 m |

## Inventories | (185 k) | 92 k | 403 k | 167 k |

## Accounts Payable | 308 k | 713 k | (1.3 m) | 942 k |

## Cash From Operating Activities | (23 m) | 321 k | (433 k) | (2.7 m) |

## Purchases of PP&E | (1.2 m) | (302 k) | (1.2 m) | (888 k) |

## Cash From Investing Activities | 13.3 m | 4.6 m | (1.3 m) | (842 k) |

## Cash From Financing Activities | (147 k) | (611 k) | (1.5 m) | (490 k) |

## Income Taxes Paid | 103 k | 15 k | 8 k | 5 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (8.5 m) | (4.6 m) | (5.6 m) | (5.4 m) | 5.4 m | (7 m) | 2.2 m | 1.4 m | (7.5 m) |

## Inventories | 2 m | 992 k | 968 k | 678 k | 1 m | 1.2 m | 1.1 m | 1.1 m | |

## Accounts Payable | 3.3 m | 2.5 m | 2 m | 1.7 m | 1.2 m | 2.9 m | 2.7 m | 2.1 m | 3.5 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 80.9 k |

## Financial Leverage | 2.6 x |