Check out Amyris’ previous quarter earnings calls audios here
For the third quarter ended September 30, 2018, non-GAAP loss per share stood at 63 cents and GAAP loss per share was $1.67 on revenue of $14.9 million.
The Emeryville, California-based firm’s recent cannabis deal that is valued up to $255 million with a confidential partner is expected to boost the company’s bottom and top-line numbers. A final definitive agreement is expected by the end of March with commercialization of products expected within the next 18-24 months assuming appropriate regulatory approvals. Amyris stock surged 73% on this deal announcement.
The undisclosed partner is estimated to provide initially lab-based and later commercial scale milestone cash payments in tranches for the development and scaling of technology to produce CBD. In return, the partner will be granted a license to commercialize these products.
The recent boom in the US cannabis market is expected to positively impact Amyris’ performance in the future.
At December-end, Amyris signed a long-term agreement with Xinfu of China for a significant initial payment and a long-term minimum annual share of an existing nutritional product royalty arrangement. The company also received FDA’s acceptance for its zero-calorie sweetner in December 2018.
Canada-based marijuana giant Tilray (TLRY) is also expected to publish its quarterly earnings results on Monday after the market close.
Amyris stock had gained 18% so far this year, while it declined 4% in the past three months period.