IHS Chemical Week

People & Business :: Earnings/Finance

Codexis net loss widens

1:17 AM MST | November 13, 2013 | Deepti Ramesh

Codexis (Redwood City, CA), a company that engineers enzymes for pharmaceutical, biofuel, and chemical production, reports a net loss of $9.26 million in the third quarter of 2013, compared with a net loss of $2.30 million in the year-ago quarter. Third-quarter sales decreased 85%, compared with the year-ago period, to $3.94 million. For the first nine months of 2013, Codexis reports a net loss of $31.48 million compared with a net loss of $15.31 million in the first nine months of 2012. Nine-month sales decreased 72.1%, to $22.39 million. Codexis says that, as a...

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