- Amyris ( NASDAQ: AMRS ) saw its Q2 2022 net loss widen ~94% to $110M as the company missed on the top and bottom lines .
- Non-cash mark-to-market adjustments related to changes in the fair value of debt and derivatives contributed to the significant increase in net loss.
- Though a miss, revenue of ~$65.2M was a ~25% year-over-year increase. Consumer access revenue in the quarter surged 108% to $43M compared to Q1 2022.
- Amyris ( AMRS ) also reaffirmed its 2022 revenue outlook: consumer revenue is expected to grow more than 150% YoY, while technology access revenue ~40.
- The company has cash and cash equivalents of $99.8M at the end of the quarter, a 79% drop from Dec. 31, 2021.
- Seeking Alpha contributor Graham Tanaka sees Amyris' ( AMRS ) vertically-integrated business model providing growth, leading him to rate the stock as a strong bu y.
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Amyris down as Q2 results miss on top and bottom lines; net loss widens 94%