Codexis Sees FY24 Product Revenue $38M-$42M, Excluding Revenue Related To PAXLOVID; R&D Revenue $18M-$22M
Portfolio Pulse from Benzinga Newsdesk
Codexis projects its FY24 product revenue to be between $38M-$42M, excluding any revenue from PAXLOVID. Additionally, the company anticipates its R&D revenue to range from $18M-$22M.

February 28, 2024 | 9:49 pm
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Codexis projects FY24 product revenue to be between $38M-$42M, excluding PAXLOVID revenue, and anticipates R&D revenue of $18M-$22M.
The projection of FY24 revenue by Codexis, especially the specific exclusion of PAXLOVID revenue, indicates a clear financial outlook for the company. This detailed forecast could positively influence investor sentiment by providing clarity on expected revenue streams, excluding the potentially volatile PAXLOVID-related revenue. The anticipation of solid product and R&D revenue suggests a stable growth trajectory, likely leading to a positive short-term impact on CDXS's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100