BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Amyris, Inc. (“Amyris” or the “Company”) (NASDAQ: AMRS) investors concerning the Company and its officers’ potential violation of federal securities laws.
On April 17, 2017, Amyris disclosed revenues of $67.2 million for the fiscal year 2016, a decrease of $10 million from the figures it released on March 2, 2017 and April 3, 2017. According to Amyris, the surprising $10 million decrease resulted from the Company’s decision in the first quarter of 2017 to take an equity stake in Blue California’s affiliates, and therefore Amyris would not recognize certain revenues from the license agreement with Blue California.
On this news, shares of Amyris fell over 14% to close at $0.60 per share on April 18, 2017.
If you purchased Amyris securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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