Solazyme's Earnings Grow in First Quarter

Solazyme’s (San Francisco) first-quarter 2012 net earnings grew 130% year-on-year, to $16.8 million. The company’s net sales increased 75% year-on-year, to $13.5 million. “We’ve just wrapped up a great quarter in which we’ve made progress ramping our production capacity, partnering with industry leaders to commercialize our products, and tailoring new valuable triglyceride oils,” says Jonathan Wolfson, Solazyme CEO. Going forward, Solazyme expects to further execute commercialization plans and achieve greater...

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