2017 Form 10-K Financial Statement

#000120037518000009 Filed on March 15, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016
Revenue $50.02M $9.970M $48.84M
YoY Change 2.43% -13.98% 16.82%
Cost Of Revenue $14.33M $2.290M $9.753M
YoY Change 46.9% -11.24% 48.09%
Gross Profit $35.70M $7.680M $39.08M
YoY Change -8.67% -14.76% 10.98%
Gross Profit Margin 71.36% 77.03% 80.03%
Selling, General & Admin $29.01M $6.970M $25.42M
YoY Change 14.12% 15.59% 13.91%
% of Gross Profit 81.26% 90.76% 65.04%
Research & Development $29.66M $5.960M $22.23M
YoY Change 33.42% 14.18% 7.53%
% of Gross Profit 83.09% 77.6% 56.87%
Depreciation & Amortization $1.042M $640.0K $1.734M
YoY Change -39.91% -51.15% -67.95%
% of Gross Profit 2.92% 8.33% 4.44%
Operating Expenses $72.99M $12.93M $57.40M
YoY Change 27.17% 15.04% 33.53%
Operating Profit -$22.97M -$5.250M -$8.564M
YoY Change 168.22% 135.43% 10.22%
Interest Expense $100.0K $20.00K $100.0K
YoY Change 0.0% 100.0%
% of Operating Profit
Other Income/Expense, Net $92.00K -$60.00K $94.00K
YoY Change -2.13% 200.0% -44.05%
Pretax Income -$22.99M -$5.290M -$8.174M
YoY Change 181.31% 135.11% 6.98%
Income Tax $81.00K -$30.00K -$40.00K
% Of Pretax Income
Net Earnings -$23.00M -$5.260M -$8.558M
YoY Change 168.71% 156.59% 12.89%
Net Earnings / Revenue -45.97% -52.76% -17.52%
Basic Earnings Per Share
Diluted Earnings Per Share -$497.8K -$128.3K -$211.8K
COMMON SHARES
Basic Shares Outstanding 41.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.20M $19.20M $19.20M
YoY Change 62.5% -17.6% -17.6%
Cash & Equivalents $31.20M $19.24M $19.20M
Short-Term Investments
Other Short-Term Assets $1.000M $1.200M $1.200M
YoY Change -16.67% 0.0% 0.0%
Inventory $1.000M $825.0K $800.0K
Prepaid Expenses
Receivables $11.80M $5.924M $5.900M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $45.00M $27.23M $27.20M
YoY Change 65.44% -17.09% -17.07%
LONG-TERM ASSETS
Property, Plant & Equipment $2.800M $2.155M $2.200M
YoY Change 27.27% -30.69% -29.03%
Goodwill $3.200M
YoY Change -1.27%
Intangibles
YoY Change
Long-Term Investments $700.0K $1.100M $1.100M
YoY Change -36.36% -26.67% -26.67%
Other Assets $1.900M $259.0K $1.900M
YoY Change 0.0% -16.45% 72.73%
Total Long-Term Assets $8.600M $8.421M $8.400M
YoY Change 2.38% -28.68% -28.81%
TOTAL ASSETS
Total Short-Term Assets $45.00M $27.23M $27.20M
Total Long-Term Assets $8.600M $8.421M $8.400M
Total Assets $53.60M $35.65M $35.60M
YoY Change 50.56% -20.16% -20.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.500M $4.232M $4.200M
YoY Change -16.67% 24.51% 23.53%
Accrued Expenses $8.400M $2.111M $5.800M
YoY Change 44.83% 4.87% 9.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.00M $12.37M $12.40M
YoY Change 101.61% -16.67% -16.22%
LONG-TERM LIABILITIES
Long-Term Debt $300.0K $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.800M $2.231M $4.200M
YoY Change -9.52% -10.65% -39.13%
Total Long-Term Liabilities $4.100M $2.231M $4.200M
YoY Change -2.38% -10.65% -39.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.00M $12.37M $12.40M
Total Long-Term Liabilities $4.100M $2.231M $4.200M
Total Liabilities $29.10M $16.55M $16.50M
YoY Change 76.36% -23.98% -24.31%
SHAREHOLDERS EQUITY
Retained Earnings -$292.1M
YoY Change 3.02%
Common Stock $4.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.50M $19.10M $19.10M
YoY Change
Total Liabilities & Shareholders Equity $53.60M $35.65M $35.60M
YoY Change 50.56% -20.16% -20.18%

Cashflow Statement

Concept 2017 2016 Q4 2016
OPERATING ACTIVITIES
Net Income -$23.00M -$5.260M -$8.558M
YoY Change 168.71% 156.59% 12.89%
Depreciation, Depletion And Amortization $1.042M $640.0K $1.734M
YoY Change -39.91% -51.15% -67.95%
Cash From Operating Activities -$8.755M $5.160M -$1.860M
YoY Change 370.7% -26.81% 329.56%
INVESTING ACTIVITIES
Capital Expenditures $985.0K -$100.0K $888.0K
YoY Change 10.92% -87.5% -25.94%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $40.00K
YoY Change -100.0% -100.0% -166.67%
Cash From Investing Activities -$983.0K -$100.0K -$846.0K
YoY Change 16.19% -87.34% -32.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $23.78M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $21.65M 90.00K -$490.0K
YoY Change -4518.37% 50.0% -67.85%
NET CHANGE
Cash From Operating Activities -$8.755M 5.160M -$1.860M
Cash From Investing Activities -$983.0K -100.0K -$846.0K
Cash From Financing Activities $21.65M 90.00K -$490.0K
Net Change In Cash $11.91M 5.150M -$3.196M
YoY Change -472.72% -18.51% -0.56%
FREE CASH FLOW
Cash From Operating Activities -$8.755M $5.160M -$1.860M
Capital Expenditures $985.0K -$100.0K $888.0K
Free Cash Flow -$9.740M $5.260M -$2.748M
YoY Change 254.44% -32.99% 68.38%

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CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
74050000 USD
CY2016Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
277000 USD
CY2017Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
295000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-293000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-16000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-31000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
12000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-330000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
115000 USD
CY2016Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
168000 USD
CY2017Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
258000 USD
CY2016Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1710000 USD
CY2017Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
12292000 USD
CY2016Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
1066000 USD
CY2017Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
1501000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-21000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
72588000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
53901000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
110000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
78000 USD
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
2516000 USD
CY2017Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
1573000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
5016000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
6221000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3750000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2872000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
2952000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
2028000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
94663000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
74010000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
63000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
75000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
103000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
115000 USD
CY2015 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
500000 USD
CY2016 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
400000 USD
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
600000 USD
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.21
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.50
CY2016Q4 us-gaap Employee Related Liabilities Current
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4314000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4753000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-32000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
42000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
207000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
3241000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
3200000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
3241000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
3200000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2014 us-gaap Impairment Charge On Reclassified Assets
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700000 USD
CY2016Q4 us-gaap Incentive From Lessor
IncentiveFromLessor
1300000 USD
CY2017Q4 us-gaap Incentive From Lessor
IncentiveFromLessor
900000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-7641000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-8174000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-22994000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-278000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-424000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
79000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7919000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8598000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-22915000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-338000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-40000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
81000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1249000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1901000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-26058000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
34100000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
31000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
30000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8000 USD
CY2017 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1399000 USD
CY2015 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
16000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-2000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2693000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2924000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-7791000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-43000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
660000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
399000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
77000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
327000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-216000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1126000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
127000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
48000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
85000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
161000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
399000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
32000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1274000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
942000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-801000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3459000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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-1405000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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5651000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1908000 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-6442000 USD
CY2017 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
11017000 USD
CY2015 us-gaap Increase Decrease In Employee Related Liabilities
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385000 USD
CY2016 us-gaap Increase Decrease In Employee Related Liabilities
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983000 USD
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
439000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-403000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-167000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
210000 USD
CY2015 us-gaap Increase Decrease In Other Accrued Liabilities
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-1062000 USD
CY2016 us-gaap Increase Decrease In Other Accrued Liabilities
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-593000 USD
CY2016 us-gaap Increase Decrease In Other Noncurrent Assets
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-52000 USD
CY2017 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
44000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-10000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-157000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
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76000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-4000 USD
CY2017 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-75000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
0 USD
CY2016 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
841000 USD
CY2017 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
8000 USD
CY2015 us-gaap Interest Paid
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0 USD
CY2016 us-gaap Interest Paid
InterestPaid
14000 USD
CY2017 us-gaap Interest Paid
InterestPaid
141000 USD
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
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648000 USD
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
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825000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
825000 USD
CY2017Q4 us-gaap Inventory Net
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1036000 USD
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
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118000 USD
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
158000 USD
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
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59000 USD
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
53000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
19000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
60000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
147000 USD
CY2015 us-gaap Lease And Rental Expense
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2900000 USD
CY2016 us-gaap Lease And Rental Expense
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2900000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3200000 USD
CY2016Q4 us-gaap Lease Incentive Payable Current
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425000 USD
CY2017Q4 us-gaap Lease Incentive Payable Current
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425000 USD
CY2016Q4 us-gaap Letters Of Credit Outstanding Amount
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800000 USD
CY2017Q4 us-gaap Letters Of Credit Outstanding Amount
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700000 USD
CY2016Q4 us-gaap Liabilities
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16549000 USD
CY2017Q4 us-gaap Liabilities
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29078000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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35648000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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53625000 USD
CY2016Q4 us-gaap Liabilities Current
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12367000 USD
CY2017Q4 us-gaap Liabilities Current
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24952000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
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0 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
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302000 USD
CY2016Q4 us-gaap Marketable Securities Noncurrent
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1142000 USD
CY2017Q4 us-gaap Marketable Securities Noncurrent
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671000 USD
CY2016Q4 us-gaap Money Market Funds At Carrying Value
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11200000 USD
CY2017Q4 us-gaap Money Market Funds At Carrying Value
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6800000 USD
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-1524000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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-490000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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21650000 USD
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-1257000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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-842000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-908000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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-433000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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-2701000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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-8763000 USD
CY2015 us-gaap Net Income Loss
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-7581000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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259000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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302000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1813000 USD
CY2016 us-gaap Net Income Loss
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-8558000 USD
CY2017 us-gaap Net Income Loss
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-22996000 USD
CY2017 us-gaap Number Of Operating Segments
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1 operating_segment
CY2015 us-gaap Operating Income Loss
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-7770000 USD
CY2016 us-gaap Operating Income Loss
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-8564000 USD
CY2017 us-gaap Operating Income Loss
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-22970000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
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7708000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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3185000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
1200000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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41000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
490000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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712000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3280000 USD
CY2015 us-gaap Operating Leases Income Statement Sublease Revenue
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600000 USD
CY2016 us-gaap Operating Leases Income Statement Sublease Revenue
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1200000 USD
CY2017 us-gaap Operating Leases Income Statement Sublease Revenue
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1400000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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705000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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345000 USD
CY2015 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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-314000 USD
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
547000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-405000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-472000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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-314000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2015 us-gaap Other Expenses
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168000 USD
CY2016 us-gaap Other Expenses
OtherExpenses
94000 USD
CY2017 us-gaap Other Expenses
OtherExpenses
92000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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2231000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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1863000 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
553000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1524000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1670000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1199000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
888000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
985000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2017Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1238000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
984000 USD
CY2014Q1 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
1500000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
23782000 USD
CY2017Q2 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2017 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risk</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of cash and cash equivalents, accounts receivable, marketable securities, and restricted cash. Cash that is not required for immediate operating needs is invested principally in money market funds. Cash and cash equivalents are invested through banks and other financial institutions in the United States, India and Netherlands. Such deposits in those countries may be in excess of insured limits.</font></div></div>
CY2017 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In these notes to the consolidated financial statements, the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8217;&#8221; and &#8220;our&#8221; refers to Codexis, Inc. and its subsidiaries on a consolidated basis.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We discover, develop and sell proteins that deliver value to our clients in a growing set of industries. We view proteins as a vast untapped source of value-creating materials, and we are using our proven technologies, which have been continuously improved over our fifteen year history, to commercialize an increasing number of novel proteins, both as proprietary Codexis products and in partnership with our customers.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Many companies have historically used naturally occurring proteins to produce or enhance goods used in everyday life. Despite the growing number of commercial applications of naturally occurring proteins across many industries, the inherent limitations of naturally-occurring proteins frequently restrict their commercial use. Through the application of our proprietary CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering technology platform, we are able to engineer novel proteins to overcome these restrictions, thereby adding value or opening up new prospects for our potential clients&#8217; products, processes or businesses. We have developed new proteins that are significantly more stable and/or active in our commercial applications than proteins derived from nature.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are also a pioneer in the harnessing of computational technologies to drive biology advancements. Over the last fifteen years, we have made substantial investments in the development of our CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering technology platform, the primary source of our competitive advantage. Our technology platform is powered by proprietary, artificial intelligence-based, computational algorithms that rapidly mine our large and continuously growing library of protein variants&#8217; performance attributes. These computational outputs enable increasingly reliable predictions for next generation protein variants to be engineered, enabling delivery of targeted performance enhancements in a time-efficient manner. In addition to its computational prowess, our CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering technology platform integrates additional modular competencies, including robotic high-throughput screening and genomic sequencing, organic chemistry and process development which are all coordinated to create our novel protein innovations.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We use our CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering technology platform to engineer custom enzymes. Most of our custom enzymes are intended for use as biocatalysts or protein catalysts. In simple terms, our protein catalysts can accelerate and/or improve yields of chemical reactions. We use our CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering technology platform to develop novel enzymes that enable industrial biocatalytic reactions and fermentations. Our technology platform has enabled commercially viable products and processes for the manufacture of pharmaceutical intermediates and active ingredients and fine chemicals.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our approach to develop commercially viable biocatalytic manufacturing processes begins by conceptually designing the most cost-effective and practical process for a targeted product. We then develop optimized protein catalysts to enable that process design, using our CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering platform technology. Engineered protein catalyst candidates - many thousands for each protein engineering project - are then rapidly screened and validated in high throughput under relevant manufacturing operating conditions. This approach results in an optimized protein catalyst enabling cost-efficient processes that typically are relatively simple to run in conventional manufacturing equipment. This also allows for the efficient technical transfer of our process to our manufacturing partners.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The successful embodiment of our CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering technology platform in commercial manufacturing processes requires well-integrated expertise in a number of technical disciplines. In addition to those directly involved in practicing our CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering platform technology, such as molecular biology, enzymology, microbiology, cellular engineering, metabolic engineering, bioinformatics, biochemistry and high throughput analytical chemistry, our process development projects also involve integrated expertise in organic chemistry, chemical process development, chemical engineering, fermentation process development and fermentation engineering. Our integrated, multi-disciplinary approach to biocatalyst and process development is a critical success factor for our company.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We initially commercialized our CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering technology platform and products in the pharmaceuticals market, which remains our primary business focus. Our customers, which include several large global pharmaceutical companies, use our technology, products and services in their manufacturing processes and process development.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have also used the technology to develop protein catalysts for use in the fine chemicals market. The fine chemicals market consists of several large market verticals, including food and food ingredients, animal feed, flavors, fragrances, and agricultural chemicals.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">More recently, we are also using the CodeEvolver</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> protein engineering technology platform to develop early stage, novel biotherapeutic product candidates, both for our customers and for our own business, most notably our lead program for the potential treatment of PKU in humans. PKU is an inherited metabolic disorder in which the enzyme that converts the essential amino acid phenylalanine into tyrosine is deficient. In October 2017, we entered into a Global Development, Option and License Agreement with Nestec, Ltd. (&#8220;Nestl&#233; Health Science&#8221;) to advance CDX-6114, our enzyme biotherapeutic product candidate for the potential treatment of PKU disease. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have also used our technology to develop an enzyme for customers using NGS and PCR/qPCR for </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in vitro</font><font style="font-family:inherit;font-size:10pt;"> molecular diagnostic and genomic research applications.</font></div></div>
CY2017 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. We regularly assess these estimates which primarily affect revenue recognition, accounts receivable, inventories, the valuation of marketable securities, assets held for sale, goodwill arising out of business acquisitions, accrued liabilities, stock awards and the valuation allowances associated with deferred tax assets. Actual results could differ from those estimates and such differences may be material to the consolidated financial statements.</font></div></div>

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