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Codexis: 4Q Earnings Snapshot

REDWOOD CITY, Calif. (AP) _ Codexis Inc. (CDXS) on Thursday reported a loss of $635,000 in its fourth quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense and non-recurring costs, came to 2 cents per share.

The producer of custom industrial enzymes posted revenue of $18.7 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $21.1 million.

For the year, the company reported that its loss widened to $11.9 million, or 21 cents per share. Revenue was reported as $68.5 million.

Codexis expects full-year revenue in the range of $78 million to $82 million.

Codexis shares have fallen 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.27, a decrease of 39% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDXS at https://www.zacks.com/ap/CDXS