Codexis reiterates $72M-$76M 2026 revenue view, plans $25M GMP facility

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Codexis reiterated its 2026 revenue guidance of $72 million to $76 million and announced plans for an approximately $25 million GMP manufacturing facility build-out. CEO Alison Moore said the company delivered second-quarter 2026 revenue of $14.9 million and highlighted a financing that raised $25 million in net proceeds, extending the cash runway through 2028. CFO Georgia Erbez noted product gross margin reached 73% in the quarter and raised full-year gross margin expectations to the high 60s. The GMP facility, which will support IND filings and clinical trial supply, is proceeding according to plan with a building permit application to be submitted imminently and manufacturing equipment already ordered. Management also reported progress on ECO Synthesis, including small-scale technology transfers at three CDMOs and negotiations for a long-term commercial contract with the most advanced partner.

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Biotech & Genomic Medicine · 1 stocks
Codexis Inc
CDXS
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Reiterated 2026 revenue guidance, raised gross margin expectations, and announced $25M GMP facility build-out with financing extending cash runway through 2028.

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