Tag: CDXS

On the Move in the Advanced bioeconomy: Codexis, Flint Hill Resources

On the Move in the Advanced bioeconomy: Codexis, Flint Hill Resources

July 31, 2014 |

In Nebraska, Flint Hills Resources has hired Russell Leighton and Jeremy Morse to lead the Duonix biodiesel plant in Beatrice Nebraska. The biodiesel plant is part of a joint venture between Flint Hills Resources and Benefuel, Inc., known as Duonix, LLC. In May, Flint Hills Resources announced they would begin retrofitting the plant in preparation […]

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Codexis signs major technology license with GlaxoSmithKline; could earn up to $25M in 2 yrs, more later

Codexis signs major technology license with GlaxoSmithKline; could earn up to $25M in 2 yrs, more later

July 15, 2014 |

From California, we hear that Codexis has announced the signing of a platform technology license agreement with GlaxoSmithKline (GSK). The company’s stock rose 43% on the news. The agreement in detail Here’s the skinny: Under the terms of the agreement, Codexis granted GSK a license to use Codexis’ proprietary CodeEvolver protein engineering platform technology in the […]

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Codexis exits cellulosic biofuels space

Codexis exits cellulosic biofuels space

November 12, 2013 |

In California, Codexis signaled the end of its cellulase enzyme adventure in cellulosic biofuels with the wind-down of its CodeXyme business. CEO John Nicols said, “Given the market’s undervaluation of the prospects and continued slow build out of cellulosic ethanol facilities, we have not been able to secure a suitable partnership or transaction for our […]

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Known and unknown, black swans, yellow cranes, and advanced biofuels

Known and unknown, black swans, yellow cranes, and advanced biofuels

July 18, 2012 |

As advanced biofuels companies hit their milestones and watch their stocks get crushed, we look at investor uncertainty, yellow cranes, black swans, and striking announcements from Codexis and Aemetis. A best-seller we have been working through this summer here in Digestville is Donald Rumsfeld’s memoir, “Known and Unknown”. His known-unknown paradigm makes for a good […]

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Codexis loss widens in Q1, as detergent alcohols R&D weighs

Codexis loss widens in Q1, as detergent alcohols R&D weighs

May 14, 2012 |

In California, Codexis has released its Q1 financial results, with a loss of $0.21 per share, reflecting lower gross margin and high R&D costs for the ongoing development of Codexol detergent alcohols. Also, the company’s relationship with Shell seems uncertain as their current agreement approaches expiration. The company identifies its main risk as the “lack […]

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Biofuels Digest Index rallies to 74.25 as advance biofuels recover

Biofuels Digest Index rallies to 74.25 as advance biofuels recover

February 17, 2012 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 1.23 percent to 74.25 as advanced biofuels rallied.  For the day, BP jumped 1.50 percent to $46.65, while Solazyme (SZYM) soared 5.36 percent to $12.18. Among other equities, Codexis (CDXS) recovered 2.20 percent to $4.65. Overall, advances led declines 3 to 1 for […]

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Biofuels Digest Index slips to 75.43 as earnings shortfall cause drag

Biofuels Digest Index slips to 75.43 as earnings shortfall cause drag

February 9, 2012 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slipped 0.45 percent to 75.43 as CDXS weighed down the Index after missing consensus earnings forecasts.  For the day, ADM gained 2.08 percent to $30.42, while Amyris (AMRS) dropped 6.04 percent to $9.02. Among other equities, Codexis (CDXS) plunged 15.41 percent to $5.05. Overall, […]

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Bio-based earnings call: Codexis reports 16% revenue gain in 2011

Bio-based earnings call: Codexis reports 16% revenue gain in 2011

February 8, 2012 |

Codexis (CDXS) In California, Codexis announced a 16% year-over-year gain in 2011 revenues to $123.9 million,  and a loss of $16.6 million, or $0.46 per share, compared to a loss of $8.5 million in 2010. On a non-GAAP basis, Adjusted EBITDA was $4.3 million for fiscal 2011 compared to $9.9 million for fiscal 2010. Codexis […]

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Biofuels Digest Index zooms to 71.35 as CDXS, GEVO surge

Biofuels Digest Index zooms to 71.35 as CDXS, GEVO surge

January 11, 2012 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, zoomed 1.25 percent to 71.35 despite poor results at Cargill which shook the agribusiness sector.  For the day, BP was up 0.73 percent to $44.39, while Aventine Renewables (AVRW) plunged 11.71 percent to $4.90.  Among other equities, Codexis (CDXS) surged 6.46 percent to $5.54. […]

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Biofuels Digest Index slips to 71.06 as advanced bio stocks ease

Biofuels Digest Index slips to 71.06 as advanced bio stocks ease

January 5, 2012 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.50 percent to 71.06 as advanced biofuels stocks dipped.  For the day, BP gained 1.38 percent to $44.75, while Amyris (AMRS) eased off 2.36 percent to $11.98.  Among other equities, Codexis (CDXS) plummeted 6.20 percent to $5.14. Overall, advances and declines were even […]

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