Filing Flows › Codexis (CDXS) › Q4 2024
Codexis (CDXS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Codexis (CDXS) reported revenue of $21.5M for the fourth quarter 2024 (Q4 2024), -19% from a year earlier and +67% from the quarter before. Operating margin was -34.2%, net loss $10.4M (48.4% of revenue).
Codexis, Q4 2024: revenue $21.5M (-19% year over year), operating margin -34.2%, net loss $10.4M, operating cash flow −$16.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.5M | +67% | -19% |
| Operating profit | −$7.3M | — | — |
| Net earnings | −$10.4M | — | — |
| Operating cash flow | −$16.5M | — | — |
What changed
Revenue was $21.5M in Q4 2024, down 19% year over year and up 67% from the previous quarter. Research and development revenue was the largest line at 54% of revenue.
Operating costs exceeded revenue by $7.3M, an operating margin of -34.2%. Total costs grew 10% against a revenue fall of 19%. The fastest-growing cost line was Cost of revenue (+28%). The quarter ended with a net loss of $10.4M, narrower than the previous quarter's $20.6M loss.
Operating cash flow was −$16.5M. Non-cash charges added back $1.2M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $9.8M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$18.2M.
Questions
What was Codexis' revenue in the fourth quarter 2024?
Codexis (CDXS) reported revenue of $21.5M for the fourth quarter 2024 (Q4 2024), -19% from a year earlier and +67% from the quarter before.
Was Codexis profitable in the fourth quarter 2024?
Operating loss was $7.3M (-34.2% of revenue) and net loss $10.4M.
Source: Codexis 10-K on SEC EDGAR.