Amyris Earnings: Everything You Must Know Now

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)…

Revenue increased 37.23% from $7.87 million in the previous quarter. EPS increased to $-0.34 in the quarter versus EPS of $-0.39 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.29 to a loss $0.28. For the current year, the average estimate is a loss of $1.28, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)