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Codexis Reports Third Quarter 2011 Results
Date:11/1/2011

e of common stock,basic and diluted$   (0.08)$   (0.08)$
(0.32)$   (0.38)Weighted average common shares used in computing net loss per share of common stock, basic and diluted35,91934,20035,57621,272Codexis, Inc.Condensed Consolidated Balance Sheets(Unaudited)(In Thousands)September 30,December 31,20112010AssetsCurrent assets:   Cash and cash equivalents $
30,132$
72,396   Marketable securities19,503-   Accounts receivable, net 19,32515,333   Inventories 5,2402,817   Prepaid expenses and other current assets2,8371,646Total current assets 77,03792,192Restricted cash1,5111,466Non-current marketable securities21,0201,650Property and equipment, net 23,32121,452Intangible assets, net 17,37220,158Goodwill3,2413,241Other non-current assets 1,1201,141Total assets $
44,622$
41,300Liabilities and shareholders' equityCurrent liabilities:   Accounts payable $
7,509$
9,208   Accrued compensation6,1658,107   Other accrued liabilities 12,1005,630   Deferred revenues 8,6324,539Total current liabilities 34,40627,484Deferred revenues, net of current portion1,8715,074Other long-term liabilities 1,8701,381Total  liabilities 38,14733,939Stockholders' equity:Common stock44Additional paid-in capital285,650275,540Accumulated other comprehensive income (loss)223(34)Accumulated deficit(179,402)(168,149)Total  stockholders' equity106,475107,361Total liabilities, and shareholders' equity$
44,622$
41,300Codexis, Inc.Condensed Consolidated Statements of Cash Flow(Unaudited)(In Thousands)Nine Months EndedSeptember 30,20112010Operating activities:Net loss$ (11,254)$   (8,047)Adjustments to reconcile net loss to net cash used in operating activities:Amortization of intangible assets2,787402Depreciation and amortization of property and equipment5,6785,298Revaluation of redeemable convertible preferred stock warrant liability-677Loss (gain) on disposal of property and equipment31-Gain from extinguish
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