CODEXIS INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
CDXS$1.08+5.9%Stored close · as of Nov 6, 2026
Contents
Financial Statements (Unaudited)Condensed Consolidated Balance Sheets
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Condensed Consolidated Balance Sheets
(In Thousands, Except Per Share Amounts)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $37,452 | $65,116 |
| Restricted cash, current | 514 | 519 |
| Short-term investments | 52,803 | — |
| Financial assets: | ||
| Accounts receivable | 9,721 | 10,036 |
| Contract assets | 3,424 | 815 |
| Unbilled receivables | 3,460 | 9,142 |
| Total financial assets | 16,605 | 19,993 |
| Less: allowances | (65) | (65) |
| Total financial assets, net | 16,540 | 19,928 |
| Inventories | 2,103 | 2,685 |
| Prepaid expenses and other current assets | 3,490 | 5,218 |
| Total current assets | 112,902 | 93,466 |
| Restricted cash | 1,062 | 1,062 |
| Investment in non-marketable equity securities | 5,790 | 9,700 |
| Right-of-use assets - Operating leases, net | 10,772 | 13,137 |
| Property and equipment, net | 13,266 | 15,487 |
| Goodwill | 2,463 | 2,463 |
| Other non-current assets | 1,928 | 1,246 |
| Total assets | $148,183 | $136,561 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $4,212 | $5,947 |
| Accrued compensation | 10,320 | 11,246 |
| Other accrued liabilities | 6,505 | 4,735 |
| Current portion of lease obligations - Operating leases | 4,081 | 3,781 |
| Deferred revenue | 10,011 | 10,121 |
| Total current liabilities | 35,129 | 35,830 |
| Deferred revenue, net of current portion | 610 | 640 |
| Long-term lease obligations - Operating leases | 9,134 | 12,243 |
| Long-term debt | 28,631 | — |
| Other long-term liabilities | 1,279 | 1,233 |
| Total liabilities | 74,783 | 49,946 |
| Commitments and Contingencies (Note 10) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.0001 par value per share; 5,000 shares authorized, none issued and outstanding | — | — |
| Common stock, $0.0001 par value per share; 200,000 shares authorized; 81,376 shares and 69,905 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 8 | 7 |
| Additional paid-in capital | 625,696 | 584,138 |
| Accumulated other comprehensive income | 126 | — |
| Accumulated deficit | (552,430) | (497,530) |
| Total stockholders' equity | 73,400 | 86,615 |
| Total liabilities and stockholders' equity | $148,183 | $136,561 |
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