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US Amyris reports USD20.3m loss in Q3  Join our daily free Newsletter

MENAFN - 07/11/2012

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(MENAFN) California-based sustainable energy company Amyris Inc. reported a lower quarterly loss, on lower operating costs compared to a year earlier, AP reported.

Amyris converts plant sugars into hydrocarbon molecules, which can be used in various products; including cosmetics, flavors, lubricants, diesel and jet fuels.

The company said it booked USD20.3 million net loss during the third quarter, compared to USD43.7 million loss a year ago.

Amyris also reported a 47 percent decline in quarterly revenue to USD19.1 million from USD36.3 million a year earlier, on weaker product sales.

 






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