Amyris Inc (fka AMRSQ)

[Spider Web]

PUT YOU TOGETHER


TO PUT IT ALL IN PERSPECTIVE
* The Number One Biggest Job And *
* Main Primary Concern Of Any CEO *
IS PUTTING LIPSTICK ON A PIG


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FISCAL YEAR REVENUES

AMRS First Put You Together By Telling You
That FY-2017 Revs Were Going To Be $200M

Then AMRS Told You "Too Late" That FY-2017
Revs Were Being Adjusted To Only $120M !!!

That Should Mean That The First 9 Months
Should Be Running Pretty Near To $90M
As Opposed To The Original 9 Mo $150M

But Q1+Q2+Q3 Only Turned Out To Be $67M
( Which Equals The Total FY-2016 Revenues )

So My Estimates Are Now Telling Me
FY-2017 Revs Will Be Under $90M !!!

So Even Though FY-2017 Will Beat FY-2016
Revs By About $20M, That Is Still A Far Cry
From Anything They Ever Projected.

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QUARTERLY REVENUES
STAYED ABOUT THE SAME

Q1-2016 = $08.8M
Q2-2016 = $09.6M
Q3-2016 = $26.5M
Q4-2016 = $22.2M
FY-2016 = $67.2M

Q1-2017 = $12.9M
Q2-2017 = $25.7M
Q3-2017 = $24.2M
Q4-2017 = $20.0M <--- Est
FY-2017 = $87.0M <--- Est

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NET INCOME IS ALWAYS A LOSS

Q1-2016 = Net Loss = $15.3M
Q2-2016 = Net Loss = $13.6M
Q3-2016 = Net Loss = $19.7M
Q4-2016 = Net Loss = $48.8M

Q1-2017 = Net Loss = $37.4M
Q2-2017 = Net Loss = $10.3M
Q3-2017 = Net Loss = $42.9M
Q4-2017 = TBA

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TOTAL COSTS & OPERATING EXPENSES
SEEMS TO ALWAYS BE CLIMBING A LOT

Q1-2016 = $35.350M
Q2-2016 = $32.475M
Q3-2016 = $38.572M
Q4-2016 = $56.719M

Q1-2017 = $40.324M
Q2-2017 = $47.477M
Q3-2017 = $48.276M
Q4-2017 = TBA

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GROSS MARGINS (GAAP)
SHOW NO CONSISTENCY

Q1-2016 = (301.2%)
Q2-2016 = 17.8%
Q3-2016 = 43.9%
Q4-2016 = (2.3%)

Q1-2017 = 1.6%
Q2-2017 = 32.7%
Q3-2017 = 27.1%
Q4-2017 = TBA

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EPS IS STILL STRUGGLING

Quarter = Pre-Split ----> Post-Split
Q1-2016 = ($0.074) ---> ($1.110)
Q2-2016 = ($0.061) ---> ($0.912)
Q3-2016 = ($0.079) ---> ($1.186)
Q4-2016 = ($0.178) ---> ($2.675)

Q1-2017 = ($0.129) ---> ($1.939)
Q2-2017 = ($0.030) ---> ($0.458)
Q3-2017 = ($0.076) ---> ($1.141)
Q4-2017 = TBA

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BASIC WEIGHTED AVG
OUTSTANDING SHRS
ALWAYS INCREASING

Quarter = Pre-Split ----> Post-Split
Q1-2016 = 207.20M ---> 13.81M
Q2-2016 = 223.11M ---> 14.87M
Q3-2016 = 249.19M ---> 16.61M
Q4-2016 = 273.41M ---> 18.23M

Q1-2017 = 289.08M ---> 19.27M
Q2-2017 = 336.09M ---> 22.41M
Q3-2017 = 572.95M ---> 37.53M
Q4-2017 = TBA

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BIG DILUTION

I Know ... They Say They Never Dilute ... LOL
But We All Know About The Heavy Dilution
They Did In 2016, When They Said: "None"

So Now Check Out The Total Dilution
They Did From Jan 2011 To Dec 2016 :
273M Pre-Split - OR - 18M Post Split Shs

BUT DO YOU KNOW WHAT ? . . .

The Total Dilution That They Have
Done So Far In Just 2017 Is :
364M Pre-Split - OR - 24M Post Split Shs

THAT IS 133% OF THE TOTAL HISTORICAL
DILUTION IN JUST THIS PAST 9 MONTHS
THAN THEY DID IN THE 5 YEARS PRIOR !!!

And Yet They Tell You There Is No Dilution !
What You Have To Realize Is How And When
They Tell You Certain Things, Which Legally
Covers-Up The Truth Of What Is Happening.

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2017 OUTSTANDING SHR RUN

Pre-Split <---- Date ----> Post-Split
273M <--- Jan 1, 2017 ---> 18M
297M <--- Apr 30, 2017 ---> 20M
316M <--- May 15, 2017 ---> 21M
June 6, 2017 = 1-for-15 R-Split
388M <--- Jul 31, 2017 ---> 26M
430M <--- Aug 1, 2017 ---> 29M
564M <--- Aug 11,2017 ---> 37M
637M <--- Oct 31,2017 ---> 42M
( Nov 3rd S-3 Filing - Page 44 )

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This Is A Lot Of Info ... But You Can See That
The Numbers Are Not What They Should Be
And That There Is Still A Long Way To Go

Plus: They Are Starting To Get "Tricky" Again

TO PUT IT ALL IN PERSPECTIVE
* The Number One Biggest Job And *
* Main Primary Concern Of Any CEO *
IS PUTTING LIPSTICK ON A PIG

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