Amyris (AMRS) Reports Q3 Loss of $0.63/Share
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Amyris Reports Third Quarter 2018 Financial Results
November 13, 2018 4:01 PM ESTQ3 2018 GAAP revenue of $14.9 million, compared with GAAP revenue of $24.2 million for Q3 2017. Third-quarter revenue of $14.9 million compared with the same period in 2017 of $22.5 million when adjusted for the loss making product sales on contracts assigned to DSM. Q3 2018 Adjusted gross margin of $8.2 million, or 55% of revenue, compared to Q3 of 2017 of $8.3 million, or 34%. Current quarter delivering at $200 million of annualized recurring revenue rate* with over 60% gross margin. Doubling recurring revenue year on year while tripling adjusted gross margin dollars.Sugarcane based zero calorie sweetener successfully scaled and shipping... More
