Codexis, Inc. (NASDAQ:CDXS) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET

Company Participants

Carrie McKim - Director, Investor Relations
Stephen Dilly - President & Chief Executive Officer
Stefan Lutz - Senior Vice President, Research
Kevin Norrett - Chief Operating Officer
Sri Ryali - Chief Financial Officer

Conference Call Participants

Matt Stanton - Jefferies
Evan Stampler - Stifel
Matt Hewitt - Craig-Hallum

Operator

Welcome to the Codexis' First Quarter 2024 Earnings Call. [Operator Instructions] Please note this event is being recorded.

And now I'll turn the call over to Carrie McKim, Director of Investor Relations. Please go ahead.

Carrie McKim

Thank you, operator. With me today are Dr. Stephen Dilly, Codexis' President and Chief Executive Officer; Kevin Norrett, Chief Operating Officer; Sri Ryali, Chief Financial Officer; and Stefan Lutz, SVP of Research.

During this call, management will be making a number of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including our guidance for 2024 revenue; product revenues, and gross margin on product revenues; anticipated milestones, including product launches, technical milestones, and public announcements related thereto; as well as our strategies and prospects for revenue growth and successful execution of current and future programs and partnerships.

To the extent that statements contained in this call are not descriptions of historical facts regarding Codexis, they are forward-looking statements reflecting the beliefs and expectations of management as of the statement date, May 2nd, 2024.

You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors that are, in some cases, beyond Codexis control and that could materially affect actual results.

Additional information about factors that could materially affect actual results can be found in Codexis filings with the Securities and Exchange Commission. Codexis expressly disclaims any intent or obligation to update these forward-looking statements such as required by law.

And now I'll turn the call over to Stephen.

Stephen Dilly

Thanks Carrie and thanks everyone for joining. We started 2024 really well. In addition to a strong financial start to the year, we're also making exciting technical progress with our ECO Synthesis manufacturing platform.

During our call in February, we projected at least 10% year-on-year growth in product revenue in 2024. Everything is shaping up nicely in line with our expectations. As in past years, we expect some of our projected revenue to be a bit lumpy across quarters, but we're confident in reiterating our full year 2024 guidance.