Codexis Affirms FY2024 Product revenues $38M-$42M, R&D revenues $18M-$22M.
Portfolio Pulse from Benzinga Newsdesk
Codexis has reaffirmed its FY2024 sales outlook, projecting product revenues between $38M-$42M and R&D revenues between $18M-$22M, maintaining a total sales forecast of $56M-$64M.
October 31, 2024 | 8:19 pm
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Codexis has reaffirmed its FY2024 sales outlook, maintaining its total sales forecast at $56M-$64M, with product revenues projected at $38M-$42M and R&D revenues at $18M-$22M.
The reaffirmation of the sales outlook suggests stability in Codexis's financial projections, which is neutral for the stock price as there are no changes to the previously announced figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100