Let's first start with Amyris, which reported good enough progress on its milestones for 2012 but unfortunately, cash flows are still in the weak-to-negative territories and operating expenses still need to be toned down.
The key here -- and a JP Morgan equity report pointed it out -- is that Amyris needs additional funding this year as new product introductions, commercialization rates and product cost profiles have been unequal to business plans. Amyris currently has $45m cash balance. The company was able to secure gross proceeds of $42.25m in equity funding by the end of December.
|Amyris roll out its first truckload shipment of Biofene in January|