CDXS — Stock Film
STOCK FILMSCENE 1/11CDXS · $2.43
Stock Expert AI presents
CDXS
Codexis, Inc
~4 min film100% real numbers0 jargon
WHAT DOES THIS COMPANY DO?
Codexis, Inc. A quick introduction.

On the stock market since 2010, it operates in the world of health and science. It has 146 employees. Now — the numbers.

on the stock market since 2010
146 employees
$220.9M market value
Revenue last year:
$0
The loss that same year:
$0
For every $1 it earns, the company spends $1.6.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

WHERE DOES THE MONEY COME FROM?
63%Research and Development Revenue
Research and Development Revenue 63%Products 37%
63% of all revenue comes from a single line: Research and Development Revenue.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

THE SALES TREND
Sales have been shrinking.

An average decline of 9% a year over the last 4 years — the most striking risk in this picture. Red columns mark years that ended in a loss.

$104.8M
2021
$138.6M
2022
$70.1M
2023
$59.3M
2024
$70.4M
2025
In the vault right now:
$0
DEBT: $73.2M
At this pace, that money lasts about 1.8 years.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

INSIDE THE REPORT CARD

We compared this company with its own sector across five subjects.

A score of 50 means class average.

BUSINESS QUALITY
50
average

Profit indicators sit around the sector average.

FINANCIAL STRENGTH
22
very weak

Clearly below the class average.

VALUATION
47
weak

Clearly below the class average.

GROWTH
41
weak

Clearly below the class average.

PRICE MOMENTUM
49
weak

Clearly below the class average.

WORTH WATCHING

Financial Strength: The cash-and-debt balance is thin; the buffer for hard times is slim.

Growth: Sales growth trails the sector average.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 94% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/2
Sales are holding up

The company sells $70.4M a year; the problem isn’t sales — it’s costs running above that number.

2
THE BRIGHT SIDE · 2/2
Analysts’ target sits above today’s price

The average analyst price target is $5.00106% above today’s price.

1
THE RISKS · 1/3
Small sales, big loss

A loss of $44.0M against $70.4M in annual sales.

2
THE RISKS · 2/3
A wildly swinging price

This stock swings about 2.5 times as much as the market average. Big rallies — and big drops — can both happen fast.

3
THE RISKS · 3/3
The cash has a countdown

At the current pace of spending, the cash lasts about 1.8 years. After that, the company needs to find new money.

FINALE · THE GRADE
F
0 / 100 · MoonshotScore

On our five-subject report card, CDXS sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: CDXS is a small company that closed last year at a loss. The road back to profit runs through spending discipline.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

Analysts’ average target sits above today’s price, yet the valuation grade (47/100) says the stock isn’t cheap.

What would you like to do next?
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This was a film — not investment advice.
Data: FMP & company filings
Jul 22, 2026 · stockexpertai.com · Stock Film