Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CEST(SeeNews) - Aug 12, 2013 - US Codexis Inc (NASDAQ:CDXS) said on Friday its second-quarter net loss had deepened to USD 12.6 million (EUR 9.4m) from USD 5.5 million a year earlier and cut its full-year product revenue forecast.
The firm, which makes biocatalysts for pharmaceuticals and biofuels, now expects to generate product revenue of USD 25 million, rather than the USD 30 million from its previous forecast. Product gross margin will be at 30%-35%.
Revenues in April-June declined to USD 7 million from USD 22.9 million. The result was lower on a quarterly basis as well, marking a 39% drop. Second-quarter product revenue contracted to USD 4.9 million from USD 6.8 million a year back.
Product gross margin stood at 27%, falling by 38% sequentially.
Codexis posted a first-half 2013 net loss of USD 22.2 million, expanding from USD 13 million a year before. Revenue dropped to USD 18.5 million from USD 54 million.
(USD 1.0 = EUR 0.750)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST