Penny Stock In Focus: Amyris, Positive Q1 Gross Profit

Micro company Amyris’ stock NASDAQ: AMRS is gaining over 40% after last Friday’s $3.73 spot. As it becomes trendy now the daily trading volume of 14,403,675 shares appears quickly surpassing average daily 2,111,511 shares.

The biotech small corporation unveiled its Q1 2020 financial report a couple of weeks ago.

Amyris Inc financial results for the first quarter ended in March 2020

As compared to Q1 2019’s $14,374,000 revenue the Q1 2020 had soared revenue of $29,130,000. As a result, gross profit grew positive unlike in Q1 2019. However, the operating loss occurred in Q1 2020 as it has been continuing to have a negative sign for a long time.

Its market value of $844.625 million far greater than its factual negative capitalization. Even though Amyris has this issue most of the visionary investors see a bright future for the micro corporation.

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Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

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