Amyris, Inc. (NASDAQ:AMRS) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Amyris, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.34 in the quarter versus EPS of $-0.66 in the year-earlier quarter.
Revenue: Decreased 43.93% to $10.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Amyris, Inc. reported adjusted EPS loss of $0.34 per share. By that measure, the company missed the mean analyst estimate of $-0.32. It missed the average revenue estimate of $11.47 million.
Quoting Management: “During the second quarter, we continued to ramp up our farnesene production volume at our production facility in Brotas, Brazil. We achieved record renewable product sales during the quarter and continued to execute on our collaboration strategy with our partners, all the while maintaining lower operating expenses,” said John Melo, Amyris President & CEO.
Key Stats (on next page)…