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Friday February 22 2013
Renewable chemicals company Amyris Inc. generated total revenues of $5.9 mln in the fourth quarter of 2012, ended December 31, down from $41.5 mln in Q4 2011. Revenues from product sales to specialty chemical markets fell sharply to $3.0 mln ($36.8 mln in Q4 2011), while grants and collaboration revenues dropped to $2.8 mln from $4.7 mln in the same period a year earlier.
Revenues declined due to a planned transition out of the ethanol and ethanol-blended gasoline business (Amyris Fuels), which was completed in the third quarter, the company said.
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