AMRS - Amyris sees Q1 revenue $56M consensus $60.43M

2023-04-24 10:59:17 ET

• Amyris ( NASDAQ: AMRS ) expects to deliver Q1 2023 total revenue of ~$56M, up from ~$50M stated in Q4 earnings call vs. consensus of $60.43M .
• Gross profit and operating expense are expected to be sequentially significantly better compared to Q4 2022.
• The Co. continues to execute its strategic agenda with a keen focus on cost efficiency and capital structure and the liquidity required to self-fund its business plan.
• "Our liquidity plan includes significant cost savings, attaining the estimated $335M of earnouts and milestone payments over the next three years from current strategic agreements and executing on an estimated $200M from additional transactions this year." said John Melo, President and CEO.
• AMRS is +8.6% to $0.86.

For further details see: