J.P. Morgan Comments On Amyris Loss

According to J.P. Morgan, Amyris AMRS reported a net loss of $33m on revenues of $37m in 1Q11. J.P. Morgan said that although revenues and net loss both exceeded consensus expectations, quarterly financial results at this stage are not particularly meaningful. “We believe investors continue to place more importance on the company achieving milestones that management had laid out at the time of the IPO, and on this front management continues to progress ahead of our expectations.” Amyris closed yesterday at $25.75.