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Income Statement (USD)
Q3 '24 | QoQ | |
---|---|---|
Revenue | 13M | 60.8% |
Gross Profit | -5.1M | 55.4% |
Cost of Revenue | 18M | 7.3% |
Operating expense | 25M | 8% |
Net Income | -21M | 9.3% |
EBITDA | -14M | 33.4% |
Balance Sheet (USD)
Q3 '24 | QoQ | |
---|---|---|
Total Assets | 148M | 12.3% |
Total Liabilities | 75M | 6% |
Total Equity | 73M | 19.5% |
Shares Outstanding | 81M | 14.8% |
Cash Flow (USD)
Q3 '24 | QoQ | |
---|---|---|
Cash from operations | -13M | 6.7% |
Cash from investing | 1.5M | 105.7% |
Cash from financing | 30M | 15483.8% |
EPS
Financial Highlights for Codexis in Q3 '24
Codexis reported a revenue of 13M, which is a 60.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -5.1M, marking a 55.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 18M, a -7.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 25M, showing a -8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -21M, showing a 9.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -14M, showing a 33.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Codexis with growth in revenue, gross profit, and net income.