AMRS - Amyris sees consumer revenue growing 150% this year

Amyris (NASDAQ:AMRS) is expecting a very bullish 2022, so much so that its newly issued financial guidance calls for a 150% increase in consumer revenue year over year. The company made the announcement as part of its Q4 2021 results Tuesday morning, in which it beat on the top line but missed on the bottom line. In the quarter, Amyris (AMRS) swung to a net gain of ~$36.8M from a net loss of ~$109.3M in the prior-year period. Revenue, however, declined ~19% year over year to ~$64.8M. Total costs and operating expenses increased 134% to $193.6M. Amyris ended the year with $483M in cash. Read why Seeking Alpha contributor In the Ruff Research calls Amyris (AMRS) a strong buy.

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Amyris sees consumer revenue growing 150% this year