IHS Chemical Week

People & Business :: Earnings/Finance

Amyris loss widens

2:26 PM MDT | October 31, 2013 | Rebecca Coons

Biobased farnesene producer Amyris (Emeryville, CA) reports a net loss of $24.2 million for its fiscal third quarter, compared to a net loss of $20.3 million in the year-ago quarter. Excluding certain one-time items, the company reports a net loss of 26 cts/share, compared with a net loss of 22 cts/share in the year-ago quarter. Analysts' estimates were for a 30 cts/share loss. Sales fell 63.3% YOY, to $7.0 million. The year-ago quarter included sales related to Amyris's ethanol and ethanol-blended gasoline business, which it transitioned out of in the third...

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