Why Did Codexis Plunge 10.93%? Q1 Loss, Revenue Decline

On May 15, 2025, Codexis experienced a significant drop of 10.93% in pre-market trading, reflecting investor concerns and market sentiment.

Codexis Inc. (CDXS) reported a challenging first quarter of 2025, with a net loss of $20.7 million, or 25 cents per share. Despite the financial setback, the company remains optimistic about its future growth prospects, emphasizing strategic partnerships and technological advancements.

The company's cash position stands at $60 million, providing a financial runway through cash flow positivity by the end of 2026. This financial stability is crucial for Codexis as it navigates through the current market challenges and works towards achieving its long-term goals.

In its latest earnings report, Codexis highlighted several commercial achievements, indicating that the company is making progress despite the revenue decline. The first quarter revenue was reported at $7.5 million, a decrease from the previous year, but analysts suggest significant potential upside with a high price target.