Codexis, Inc. Financial Ratios — CDXS Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	-11.94	-26.16	-52.02	-35.66	-16.34	-21.32	-51.52	-16.37	-10.45	-12.95	-9.09	-13.52	-39.41	-45.72	-29.63
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	66.27	65.29	54.41	72.45	84.25	80.03	71.36	79.17	77.17	80.1	78.8	72.56	81.74	72.55	86.73
EBITDA Margin (%)	-3.58	-20.49	-96.57	-35.19	-5.65	-8.23	-43.83	-16.75	-11.67	-28.04	-15.99	-18.99	-70.26	-90	-47
Operating Margin (%)	-12.84	-34.56	-128.9	-54.13	-18.59	-17.54	-45.92	-18.64	-18.33	-34.64	-21.67	-22.88	-78.13	-98.33	-54.46
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-13.17	-34.64	-129.66	-54.74	-18.94	-17.61	-45.81	-18.01	-17.41	-34.28	-20.13	-24.04	-108.59	-109.94	-62.41
Profit Margin (%)	-13.36	-34.95	-129.39	-54.01	-18.13	-17.52	-45.97	-17.95	-17.43	-34.77	-20.31	-24.24	-108.69	-109.99	-62.47
Net Income to Common Margin (%)	-13.36	-34.95	-129.39	-54.01	-18.13	-17.52	-45.97	-17.95	-17.43	-34.77	-20.31	-24.24	-108.69	-109.99	-62.47
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	1	- -	26	25	48	44	16	60	73
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	1	3	4	5	4	3	3
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	25	22	44	38	12	57	70
Total Debt/EBITDA	- -	- -	- -	-0.03	-0.18	-0.11	-0.03	-0.05	-3.27	-1.29	-2.85	-1.66	-0.33	-1.12	-2.21
Net Debt/EBITDA	5.81	1.77	0.72	2.13	9.86	4.79	1.42	5.23	11.32	7.7	6.97	4.33	1.32	-0.18	0.32
Total Debt/EBIT	- -	- -	- -	-0.02	-0.05	-0.05	-0.03	-0.04	-2.08	-1.04	-2.1	-1.38	-0.29	-1.03	-1.91
Net Debt/EBIT	1.62	1.05	0.54	1.39	3	2.25	1.36	4.7	7.21	6.23	5.15	3.59	1.19	-0.17	0.28
EBITDA to Interest Expense	- -	- -	-2,371.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4.02	-5.14	-6.87
EBITDA-CapEx/Interest Expense	- -	- -	-2,461.77	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4.38	-5.55	-7.8
EBIT to Interest Expense	- -	- -	-3,165.08	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4.46	-5.61	-7.96
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12	10	5
Common Equity/Total Assets	-135.88	-215.63	-436.53	-573.39	-635	-819.3	-587.52	-416.82	-229.69	-165.31	-157.35	-168.25	-364.32	-377.69	-410.54
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	1.23	0.11	23.65	13.12	26.5	26.44	14.13	85.27	139.06
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	-0.1	-0.02	-7.89	-6.54	-12.81	-10.14	-2.54	-11.35	-13.17
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	0.56	0.08	16.74	10.07	17.68	15.29	8.97	38.3	47.54
Total Debt/Equity (%)	- -	- -	- -	1.62	1.86	2.23	2.96	0.86	24.75	14.67	28.99	30.14	18.5	89.49	144.88
Total Debt/Capital (%)	- -	- -	- -	-0.15	-0.15	-0.15	-0.23	-0.15	-8.26	-7.31	-14.01	-11.56	-3.33	-11.91	-13.72
Total Debt/Total Assets (%)	- -	- -	- -	0.88	0.95	1.19	1.36	0.61	17.52	11.26	19.34	17.43	11.73	40.2	49.53
Net Debt to Equity	-25.09	-40.8	-53.35	-100.67	-101.72	-100.74	-127.18	-94.2	-85.77	-87.66	-71.05	-78.72	-75.18	14.41	-21.15
Net Debt/Capital (%)	12.24	12.93	7.93	8.77	7.6	6.19	9.03	13.85	22.25	30.4	25.57	23.18	11.91	-1.85	1.83
EBITDA	-4	-18	-31	-12	-2	-4	-22	-10	-8	-19	-17	-26	-49	-53	-33
EBITDA-CapEx	-15	-21	-32	-13	-4	-5	-23	-13	-12	-23	-31	-35	-54	-58	-38
Operating Income (Loss)	-16	-31	-41	-19	-8	-9	-23	-11	-13	-24	-23	-32	-55	-58	-38

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.89	2.8	2.24	1.93	1.57	1.56	1.25	2.93	5.88	6.01	3.5	2.32	1.82	3.11	3.09
Current Ratio	2.8	3.67	3.2	2.4	2.21	2.2	1.81	3.77	7.42	7.38	4.85	3.32	2.61	4.18	3.82
Quick Ratio	2.56	3.26	2.73	2.21	2.06	2.03	1.72	3.67	7.19	7.18	4.63	3.16	2.37	3.9	3.51
CFO/Avg Current Liab	-0.02	-0.53	-1.67	0.03	-0.03	-0.14	-0.47	-0.65	-0.75	-0.82	-0.49	0.27	-1.24	-1.66	-0.79
Common Equity/Total Assets	-135.88	-215.63	-436.53	-573.39	-635	-819.3	-587.52	-416.82	-229.69	-165.31	-157.35	-168.25	-364.32	-377.69	-410.54
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	1.23	0.11	23.65	13.12	26.5	26.44	14.13	85.27	139.06
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	-0.1	-0.02	-7.89	-6.54	-12.81	-10.14	-2.54	-11.35	-13.17
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	0.56	0.08	16.74	10.07	17.68	15.29	8.97	38.3	47.54
Total Debt/Equity (%)	- -	- -	- -	1.62	1.86	2.23	2.96	0.86	24.75	14.67	28.99	30.14	18.5	89.49	144.88
Total Debt/Capital (%)	- -	- -	- -	-0.15	-0.15	-0.15	-0.23	-0.15	-8.26	-7.31	-14.01	-11.56	-3.33	-11.91	-13.72
Total Debt/Total Assets (%)	- -	- -	- -	0.88	0.95	1.19	1.36	0.61	17.52	11.26	19.34	17.43	11.73	40.2	49.53
CFO/Total Liabilities	-1.47	-55.25	-132.5	1.47	-1.99	-11.24	-30.11	-61.34	-28.84	-31.94	-17.4	10.69	-105.39	-60.19	-19.92
CFO/CapEx	-0.05	-4.05	-19.57	1.06	-0.36	-2.09	-8.89	-5.09	-3.37	-4.39	-1.03	1.36	-11.91	-11.48	-4.33
Altman's Z-Score	2.33	-0.86	-7.58	-7.45	-4.71	-4.66	-0.82	17.78	10.16	13.57	13.3	0.03	-3.01	-3.11	-4.76

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	7.23	6.67	4.93	7.61	7.47	7.37	5.76	5.27	6.64	6.02	5.39	4.88	3.34	5.41	6.81
Days Sales Outstanding	50.46	54.69	74.08	47.98	48.89	49.53	63.37	69.27	54.95	60.67	67.68	74.87	109.12	67.52	53.61
Inventory Turnover	11.44	10.59	10.44	6.75	5.52	10.74	15.4	15.53	32.57	20.59	20.91	23.85	5.43	7.26	5.16
Days Inventory Outstanding	31.91	34.48	34.97	54.08	66.14	34	23.71	23.5	11.21	17.73	17.45	15.3	67.16	50.24	70.67
Accounts Payable Turnover	4.44	3.92	3.87	2.23	1.53	2.51	3.74	3.69	5.44	5.13	7.51	12.47	2.93	3.51	4.26
Accounts Payable Turnover Days	82.2	93.16	94.29	163.56	238.26	145.28	97.63	98.87	67.14	71.18	48.59	29.28	124.6	104.09	85.67
Cash Conversion Cycle	0.17	-3.99	14.76	-61.5	-123.22	-61.75	-10.55	-6.11	-0.98	7.22	36.54	60.9	51.69	13.67	38.61
Inventory to Cash Days	18.55	20.21	39.11	-6.09	-17.25	15.53	39.67	45.77	43.75	42.94	50.22	59.57	41.96	17.28	-17.06
Inventories	4	1	1	1	1	1	1	1	- -	1	1	2	3	2	2
Raw Materials	3	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	2	1	1	1	1	1	1	- -	- -	1	1	2	3	2	2
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	189	81	54	96	167	187	386	872	904	1,296	2,019	305	208	350	142
- Cash & Cash Equivalents	26	32	22	26	23	19	31	53	90	149	117	114	65	19	51
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	1	- -	26	25	48	44	16	60	73
Enterprise Value	136	36	28	70	144	168	356	819	839	1,171	1,950	234	159	337	137
Total Capital	-185	-216	-257	-276	-283	-292	-314	-330	-316	-341	-340	-378	-481	-503	-534
Total Debt/Capital (%)	- -	- -	- -	-0.15	-0.15	-0.15	-0.23	-0.15	-8.26	-7.31	-14.01	-11.56	-3.33	-11.91	-13.72
Total Debt / EV	- -	- -	- -	0.01	- -	- -	- -	- -	0.03	0.02	0.02	0.19	0.1	0.18	0.53
EV/Sales	1.09	0.4	0.89	1.99	3.44	3.44	7.11	13.52	12.26	16.95	18.61	1.69	2.26	5.67	1.95
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	218.77	- -	- -	- -	- -	- -	- -	- -	20.75	- -	- -	- -
EV/Free Cash Flow to Firm	13.23	- -	- -	112.72	187.96	- -	- -	- -	- -	- -	- -	11.95	- -	- -	- -
Diluted Market Cap	189	81	54	96	167	187	386	872	904	1,296	2,019	305	208	350	142
Diluted Enterprise Value	163	49	31	70	144	168	356	819	839	1,172	1,950	234	159	391	164
EV per Share	3.8	0.97	0.74	1.84	3.65	4.14	7.69	15.69	14.85	19.72	30.2	3.58	2.33	4.59	1.57
TTM Sales	124	88	32	35	42	49	50	61	68	69	105	139	70	59	70
TTM EBITDA	-4	-18	-31	-12	-2	-4	-22	-10	-8	-19	-17	-26	-49	-53	-33
TTM Operating Income	-16	-31	-41	-19	-8	-9	-23	-11	-13	-24	-23	-32	-55	-58	-38
TTM Cash Flow to Firm	- -	-12	-23	- -	- -	-2	-9	-14	-13	-16	-14	11	-40	-39	-15
TTM Free Cash Flow to Firm	10	-9	-22	1	1	-1	-8	-11	-9	-13	- -	20	-36	-35	-10

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	18.45	-9.07	-2.45	154.55	217.78	-192.28	-49.68	-76.98	-102.36	-101.91	-4,599.18	15.54	-4.31	-7.76	-9.53
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	136	36	28	70	144	168	356	819	839	1,171	1,950	234	159	337	137
Low Price	3.91	2	1.24	1.32	2.5	2.93	3.6	7.95	12.68	8.43	16.55	4.21	1.45	2.53	1.52
EV/Sales	1.09	0.4	0.89	1.99	3.44	3.44	7.11	13.52	12.26	16.95	18.61	1.69	2.26	5.67	1.95
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	-17.57	-4.05	-1.9	-3.99	-19.96	-19.47	-10.87	-67.38	-81.82	-33.51	-77.2	-22.64	-2.89	-3.82	-5.41
Price/Earnings High	-26.38	-7.29	-2.68	-6.61	-29.39	-24.92	-17.19	-110.62	-106.51	-59.06	-127.47	-62.79	-6.24	-6.84	-10.92
Price/Earnings Low	-8.43	-2.38	-1.15	-2.64	-13.01	-13.91	-7.24	-38.15	-60.05	-20.84	-50.22	-8.19	-1.3	-2.85	-3.01
Price/Book Value	-1.02	-0.38	-0.21	-0.35	-0.59	-0.64	-1.23	-2.64	-2.64	-3.54	-5.21	-0.72	-0.42	-0.62	-0.23
Price/Book Value Average	-1.57	-0.58	-0.31	-0.28	-0.53	-0.57	-0.79	-2.22	-2.85	-2.2	-4.24	-1.81	-0.44	-0.44	-0.39
Price/Book Value High	-2.36	-1.04	-0.43	-0.46	-0.79	-0.73	-1.25	-3.64	-3.71	-3.87	-7	-5.01	-0.96	-0.79	-0.79
Price/Book Value Low	-0.76	-0.34	-0.18	-0.18	-0.35	-0.41	-0.53	-1.26	-2.09	-1.37	-2.76	-0.65	-0.2	-0.33	-0.22
Price/Tangible Book Value	2.28	1.31	1.87	5.7	9.91	11.79	18.12	16.43	8.84	7.77	12.53	2.15	2.47	5.43	2.96
Price/Tangible Book Value Average	3.5	2.01	2.74	4.5	8.99	10.51	11.73	13.81	9.55	4.82	10.19	5.37	2.62	3.87	4.95
Price/Tangible Book Value High	5.26	3.61	3.85	7.47	13.24	13.45	18.55	22.68	12.43	8.5	16.83	14.9	5.65	6.92	9.99
Price/Tangible Book Value Low	1.68	1.18	1.65	2.99	5.86	7.51	7.81	7.82	7.01	3	6.63	1.94	1.17	2.88	2.76
Price/Sales	1.53	0.92	1.68	2.73	3.99	3.83	7.72	14.39	13.2	18.76	19.27	2.2	2.96	5.9	2.02
Price/Sales Average	2.35	1.41	2.46	2.15	3.62	3.41	5	12.1	14.26	11.65	15.68	5.49	3.14	4.2	3.38
Price/Sales High	3.53	2.55	3.46	3.57	5.33	4.37	7.9	19.86	18.57	20.54	25.89	15.22	6.78	7.52	6.82
Price/Sales Low	1.13	0.83	1.49	1.43	2.36	2.44	3.33	6.85	10.47	7.25	10.2	1.98	1.41	3.13	1.88
Price/Cash Flow	-385.86	-6.83	-2.33	299.96	-385.27	-100.48	-44.09	-61.86	-71.96	-78.71	-141.52	26.99	-3.95	-7.09	-7.33
Price/Cash Flow Average	-593.51	-10.5	-3.42	236.76	-349.39	-89.59	-28.55	-52	-77.75	-48.87	-115.15	67.4	-4.19	-5.05	-12.29
Price/Cash Flow High	-891.12	-18.92	-4.8	392.8	-514.61	-114.68	-45.15	-85.38	-101.21	-86.13	-190.12	186.93	-9.03	-9.03	-24.78
Price/Cash Flow Low	-284.66	-6.18	-2.06	157.12	-227.7	-64	-19.01	-29.45	-57.07	-30.39	-74.9	24.38	-1.88	-3.76	-6.84
Price/Free Cash Flow Average	28.38	-13.94	-3.6	121.99	197.5	-171.44	-32.17	-64.71	-110.59	-63.27	-3,742.23	38.82	-4.57	-5.53	-15.97
Price/Free Cash Flow High	42.62	-25.12	-5.06	202.39	290.89	-219.45	-50.87	-106.24	-143.97	-111.52	-6,178.82	107.67	-9.86	-9.9	-32.21
Price/Free Cash Flow Low	13.61	-8.21	-2.17	80.96	128.71	-122.47	-21.42	-36.64	-81.17	-39.35	-2,434.17	14.04	-2.05	-4.12	-8.89
EV/Sales Average	2.14	1.05	1.77	1.41	3.07	3.03	4.39	11.23	13.32	9.85	15.02	4.98	2.44	4.89	3.7
EV/Sales High	3.32	2.19	2.77	2.83	4.78	3.98	7.29	18.99	17.63	18.74	25.23	14.71	6.08	8.21	7.14
EV/Sales Low	0.92	0.47	0.79	0.69	1.81	2.05	2.72	5.98	9.53	5.45	9.54	1.48	0.71	3.81	2.2
EV/EBITDA Average	-59.75	-5.13	-1.83	-4.02	-54.4	-36.79	-10.01	-67.04	-114.13	-35.13	-93.95	-26.23	-3.47	-5.43	-7.87
EV/EBITDA High	-92.63	-10.67	-2.87	-8.05	-84.7	-48.4	-16.63	-113.4	-151.01	-66.82	-157.81	-77.49	-8.65	-9.12	-15.19
EV/EBITDA Low	-25.64	-2.3	-0.82	-1.96	-32.08	-24.94	-6.2	-35.72	-81.63	-19.43	-59.67	-7.78	-1.01	-4.24	-4.68
EV/EBIT Average	-16.66	-3.04	-1.37	-2.61	-16.53	-17.26	-9.55	-60.24	-72.68	-28.44	-69.33	-21.76	-3.12	-4.97	-6.8
EV/EBIT High	-25.83	-6.33	-2.15	-5.23	-25.74	-22.71	-15.88	-101.88	-96.17	-54.09	-116.46	-64.29	-7.78	-8.34	-13.11
EV/EBIT Low	-7.15	-1.36	-0.61	-1.28	-9.75	-11.7	-5.92	-32.09	-51.98	-15.73	-44.03	-6.46	-0.91	-3.88	-4.04
Last Price	5.3	2.21	1.4	2.52	4.23	4.6	8.35	16.7	15.99	21.83	31.27	4.66	3.05	4.77	1.63
High Price	12.24	6.12	2.89	3.3	5.65	5.25	8.55	23.05	22.49	23.89	42.01	32.28	6.98	6.08	5.51
Enterprise Value Average	265	93	56	50	128	148	219	680	912	680	1,574	690	171	290	261
Enterprise Value High	411	193	88	100	200	194	365	1,151	1,207	1,294	2,643	2,039	426	487	503
Enterprise Value Low	114	42	25	24	76	100	136	362	652	376	999	205	50	226	155

Shares Outstanding	36	38	38	40	40	41	48	54	59	64	65	66	70	82	90
Diluted Weighted Avg Shares	36	37	38	38	39	41	46	52	57	59	65	65	68	73	87
Basic Weighted Avg Shares	36	37	38	38	39	41	46	52	57	59	65	65	68	73	87
Revenue per Share	3.47	2.4	0.83	0.92	1.06	1.2	1.08	1.16	1.21	1.16	1.62	2.12	1.03	0.81	0.81
EBITDA per Share	-0.12	-0.49	-0.81	-0.33	-0.06	-0.1	-0.47	-0.19	-0.14	-0.33	-0.26	-0.4	-0.72	-0.73	-0.38
Operating Income per Share	-0.45	-0.83	-1.08	-0.5	-0.2	-0.21	-0.5	-0.22	-0.22	-0.4	-0.35	-0.49	-0.8	-0.79	-0.44
Basic EPS, GAAP	-0.46	-0.84	-1.08	-0.5	-0.19	-0.21	-0.5	-0.21	-0.21	-0.4	-0.33	-0.51	-1.12	-0.89	-0.5
Basic EPS from Cont Ops	-0.46	-0.84	-1.08	-0.5	-0.19	-0.21	-0.5	-0.21	-0.21	-0.4	-0.33	-0.51	-1.12	-0.89	-0.5
Diluted EPS, GAAP	-0.46	-0.84	-1.08	-0.5	-0.19	-0.21	-0.5	-0.21	-0.21	-0.4	-0.33	-0.51	-1.12	-0.89	-0.5
Diluted EPS from Cont Ops	-0.46	-0.84	-1.08	-0.5	-0.19	-0.21	-0.5	-0.21	-0.21	-0.4	-0.33	-0.51	-1.12	-0.89	-0.5
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.01	-0.32	-0.6	0.01	-0.01	-0.05	-0.19	-0.27	-0.22	-0.28	-0.22	0.17	-0.77	-0.67	-0.22
Free Cash Flow per Basic Share	-0.31	-0.4	-0.63	- -	-0.04	-0.07	-0.21	-0.32	-0.29	-0.34	-0.44	0.05	-0.84	-0.73	-0.27
Cash & Equivalents per Share	1.5	1.24	0.66	0.69	0.59	0.47	0.68	1.02	1.6	2.53	1.81	1.74	0.96	1	0.9
Book Value per Share	-5.18	-5.86	-6.72	-7.22	-7.19	-7.19	-6.82	-6.33	-6.06	-6.17	-6	-6.45	-7.3	-7.67	-6.96
Tangible Book Value per Share	2.33	1.69	0.75	0.44	0.43	0.39	0.46	1.02	1.81	2.81	2.5	2.17	1.24	0.88	0.55

Codexis, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)