Codexis grows revenue 3% in 3Q 2010; raises 2010 outlook

摘要

Codexis Inc announced financial results for 3Q and nine months ended Sep 2010. For 3Q 2010, the company reported revenues of $27.1 M, (+35% over $20.1 M in 3Q 2009), primarily due to an increase of $4.9 M in product revenue, representing an increase of 105% over 3Q 2009. R&D expenses in 3Q 2010 were $13.1 M, ($12.2 M in 3Q 2009), and $39.05 M in nine months of 2010 ($39.48 M in nine months of 2009). The increase was primarily due to higher depreciation and stock-based compensation expenses.