Amyris, Inc. Reports First Quarter 2020 Results
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Amyris (AMRS) Misses Q1 EPS by 9c, Revenues Miss; Maintains FY20 Revenue Growth Outlook
May 8, 2020 8:33 AM EDTAmyris (NASDAQ: AMRS) reported Q1 EPS of ($0.28), $0.09 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $29.13 million versus the consensus estimate of $34.51 million.
Q1 Financial Highlights
Performance was in line with expectations with Sales Revenue of $29 million up 103% versus the prior year quarter with strong growth seen in Consumer & Ingredients product salesGross Margin as a percentage of sales improved to 63% which compares to -33% in Q1 2019 and 56% for the full year 2019. Year-over-year margin growth delivered a $23 million improvement and was driven by improved sales mix from... More