Last $3.91 USD
Change Today -0.03 / -0.76%
Volume 373.4K
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As of 8:10 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

amyris inc (AMRS) Key Developments

Braskem Joins Amyris and Michelin to Accelerate the Industrialization and Commercialization of Renewable Isoprene

Amyris, Braskem and Michelin announced that Braskem is joining the ongoing collaboration between Michelin and Amyris. This collaboration was initiated to develop and commercialize renewable isoprene, sourced from various biomass as an additional sustainable pathway to produce isoprene. Under the terms of the agreement, Braskem, Michelin and Amyris will work together to develop a technology to utilize plant sugars, such as those found in Brazilian sugarcane or cellulosic feedstocks, to produce renewable isoprene. Adding the expertise of Braskem, Amyris and Michelin will accelerate the industrialization of renewable isoprene. Amyris will share its rights to commercialize the renewable isoprene technology developed under this collaboration with Braskem. Michelin will maintain certain preferential, but not exclusive, access to the renewable isoprene to be produced by this technology. The companies will not disclose details of the agreement, including the financial contributions of each party. This joint project, with Amyris and Braskem, will give Michelin an additional sustainable sourcing channel for poly-isoprene for the production of quality tires, providing a high-performance, environmentally responsible material.

Amyris, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Amyris, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company has posted total revenues were $9,307,000 against $10,849,000 a year ago. Loss from operations was $24,402,000 against $35,137,000 a year ago. Loss before income tax was $35,385,000 against $38,668,000 a year ago. Net loss was $35,510,000 against $38,914,000 a year ago. Net loss attributable to company was $35,479,000 or $0.45 diluted per share against $38,876,000 or $0.51 diluted per share a year ago. Non-GAAP net loss attributable to stockholders was $23,671,000 or $0.30 diluted per share against $21,113,000 or $0.28 diluted per share a year ago. Non-GAAP EBITDA was $17,994,000 or $0.23 per share against $7,993,000 or $0.11 per share a year ago. For the total Revenue was $15,348,000 against $18,718,000 a year ago. Loss from operations was $51,089,000 against $66,809,000 a year ago. Loss before income tax was $18,918,000 against $70,747,000 a year ago. Net loss was $19,154,000 against $71,229,000 a year ago. Net loss attributable to company was $19,094,000 or $0.66 diluted per share against $71,490,000 or $0.96 diluted per share a year ago. Non-GAAP net loss attributable to stockholders was $47,835,000 or $0.62 diluted per share against $46,183,000 or $0.62 diluted per share a year ago. Non-GAAP EBITDA was $25,445,000 or $0.33 per share against $24,207,000 or $0.32 per share a year ago. The company closed the quarter with a debt position of $222.3 million, net of debt discount of $84 million, with the great majority being convertible notes issued to main shareholders For the year 2014, the company continues to expect to achieve positive cash flow from operations during the second half of the year and to achieve positive EBITDA in 2015. The company continues to expect cash operating expenses for R&D and SG&A in the range of $80 million to $85 million and capital expenditures less than $10 million in 2014. The company continues to expect renewable product sales to be over $32 million, doubling 2013 renewable product sales number and to achieve positive cash margin from products. In addition, the company continues to expect collaboration inflows, a non-GAAP measure in the range of $60 million to $70 million by the end of the year.

Amyris, Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014 09:30 AM

Amyris, Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014 09:30 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Joel Velasco, Senior Vice President, Paulo Diniz, Chief Financial Officer.

Amyris, Inc. to Report Q2, 2014 Results on Aug 07, 2014

Amyris, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 07, 2014

Amyris, Inc., Q2 2014 Earnings Call, Aug 07, 2014

Amyris, Inc., Q2 2014 Earnings Call, Aug 07, 2014

 

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