LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Amyris, Inc. (“Amyris” or the “Company”) (NASDAQ: AMRS) concerning the Company and its officers’ possible violations of federal securities laws.
On April 17, 2017, Amyris disclosed revenues of $67.2 million for 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 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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