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Re: First Crown Research post# 4036

Friday, 04/12/2019 3:21:00 AM

Friday, April 12, 2019 3:21:00 AM

Post# of 4220
Yeah-- very VERY pathetic mgmt.
Amyris Stock Plunges 24% After Accounting Errors Disclosed -- MarketWatch
7:03 pm ET April 11, 2019 (MarketWatch)
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Amyris Inc. (AMRS) said late Thursday that due to accounting errors the company will have to restate several quarterly and annual reports. Amyris stock plunged 24% in after-hours trading. Amyris said that as a result of the errors it will cut fiscal 2018 revenue by $12 million to $16 million and net income by $7 million to $11 million. The errors were the result of the way the company handled revenue from royalty payments, the company said. Amyris stock is down 13.5% this year, as the S&P 500 index has gained 15%.

-MarketWatch
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