13M 60.8%
Total Revenue QoQ (USD) - Q3 '24

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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

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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.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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