CDXS - What to Watch When Codexis Reports 2019 Operating Results
Long-term shareholders who believed in the technology platform of Codexis (NASDAQ: CDXS) have largely been rewarded for their patience. The stock rose from obscurity to deliver a 360% gain from the beginning of 2017 to late 2018. The company's market cap soared from less than $250 million to over $1 billion. But the spotlight can bring its own set of challenges.
Wall Street was a little more critical of the business in 2019. The most important source of revenue has experienced stagnant growth for three consecutive years, while other revenue streams have proved much less predictable. The small-cap stock was volatile last year and has tumbled 17% since the beginning of 2020.
All of that has raised the stakes for the fourth-quarter and full-year 2019 earnings report scheduled to be released on Feb. 27. The business should also provide an important update for the year ahead. Here's what investors should be watching.