AMYRIS CONSUMER BRANDS DELIVER 80% CYBER MONDAY LIKE-FOR-LIKE GROWTH

Rhea-AI Summary

Amyris, Inc. (Nasdaq: AMRS) reported an impressive 80% year-over-year growth in its direct-to-consumer sales during Cyber Monday on November 28, 2022. This growth is assessed based on a like-for-like comparison with the same period last year. CEO John Melo expressed satisfaction with the ongoing strong momentum across its consumer brands and overall business. The sales performance continues from a successful Black Friday week, indicating robust consumer interest in Amyris's sustainable products.

Positive

• 80% year-over-year growth in direct-to-consumer sales during Cyber Monday.
• Continued strong momentum from successful Black Friday week.
• Positive outlook from CEO regarding 'Fit to Win' initiatives.

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• None.

EMERYVILLE, Calif., Nov. 30, 2022 /PRNewswire/ -- Amyris, Inc. (Nasdaq: AMRS), a leading synthetic biotechnology company accelerating the world's transition to sustainable consumption through its Lab-to-Market^TM technology platform today announced continued year-over-year growth on Cyber Monday, November 28, 2022.

Amyris consumer brands saw 80% year-over-year growth in its direct-to-consumer (DTC) channel during this year's Cyber Monday shopping event. The growth is based on a like-for-like (LFL) comparison and reflects brands that were actively selling to consumers at the same time last year. Cyber Monday's sales performance was a continuation of the strong momentum seen during Black Friday week which was communicated earlier this week on November 28. The newer Amyris brands also delivered strong Cyber Monday sales performance.

"We are very pleased with the continued strong momentum across our consumer brands and the rest of our business during the current quarter," commented John Melo, President and Chief Executive Officer. "Our "Fit to Win" agenda along with our strategic transaction and portfolio actions remain on track."

About Amyris
Amyris (Nasdaq: AMRS) is a leading synthetic biotechnology company, transitioning the Clean Health & Beauty and Flavors & Fragrances markets to sustainable ingredients through fermentation and the company's proprietary Lab-to-Market^TM technology platform. This Amyris platform leverages state-of-the-art machine learning, robotics and artificial intelligence, enabling the company to rapidly bring new innovation to market at commercial scale. Amyris ingredients are included in over 20,000 products from the world's top brands, reaching more than 300 million consumers. Amyris also owns and operates a family of consumer brands that is constantly evolving to meet the growing demand for sustainable, effective and accessible products. For more information, please visit http://www.amyris.com. 

Amyris, the Amyris logo, and Lab-to-Market are trademarks or registered trademarks of Amyris, Inc. or its subsidiaries in the U.S. and/or other countries.

Forward-Looking Statements
This release contains forward-looking statements, and any statements other than statements of historical fact could be deemed to be forward-looking statements. These forward-looking statements include, among other things, statements regarding future events, such as Amyris' consumer sales and product revenue on Cyber Monday and the fourth quarter overall, and Amyris' expectations regarding its "Fit to Win" initiatives, its strategic transaction and portfolio actions, and its financial performance for the remainder of 2022. These statements are based on management's current expectations and actual results and future events may differ materially due to risks and uncertainties, including risks related to Amyris' liquidity and ability to fund operating and capital expenses, risks related to its financing activities, risks related to potential delays or failures in completing and integrating planned acquisitions, risks related to potential delays or failures in development, regulatory approval, launch, production and commercialization of products, risks related to global inflation and policy measures undertaken to address inflation, the COVID-19 pandemic and any other geopolitical events, including Russia's invasion of Ukraine, resulting in global economic, financial and supply chain disruptions that may negatively impact Amyris' business operations and financial results or cause market volatility, risks related to Amyris' reliance on third parties particularly in the supply chain, and other risks detailed from time to time in filings Amyris makes with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Amyris disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise. 

 

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SOURCE Amyris, Inc.

FAQ

What were the Cyber Monday sales results for Amyris in 2022?

Amyris reported an 80% year-over-year growth in its direct-to-consumer sales on Cyber Monday, November 28, 2022.

How did Amyris perform during Black Friday week in 2022?

Amyris continued a positive sales trend during Black Friday week, leading to strong Cyber Monday results.

What does the 'Fit to Win' initiative refer to in Amyris's business strategy?

The 'Fit to Win' initiative includes strategic transaction and portfolio actions aimed at boosting Amyris's overall business performance.

What is the ticker symbol for Amyris?

Amyris is traded under the ticker symbol AMRS.