Amyris, Inc. (NASDAQ:AMRS) Q4 2022 Earnings Call Transcript

The other two-thirds are major consumer packaged goods companies, consumer companies that actually have made significant commitments to their sustainability agenda. Some of these companies are committing 90% or more of their chemistry to be from sustainable sources by 2030. And what’s clear around these commitments is they are very committed to them, but they are desperately sourcing how to solve that, how to meet those obligations. And we are very engaged with a handful of those companies and actually looking at their targets, assessing the feasibility of bio being a path. And in all cases that we are engaged in, they have determined we are their best path to solving it. And now it’s just actively negotiating how do we best do that, how do we manage through the IP challenges, how do we manage to the future supply opportunities, what scale are they, and how do we justify dedicating part of our R&D resource to solve their issues.

My guess is there is a few of them that we will definitely be doubling down on and becoming key suppliers to that mission, the idea that they need to replace their base to sustainable chemistry from their current sources. I hope that helps your question.

Laurence Alexander: Very helpful. Okay. Thank you very much. Thanks.

John Melo: Thanks Laurence.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to John Melo for any closing remarks.

John Melo: Very good. Thanks everyone for joining us today. Andrea, thank you for facilitating this. I appreciate it very much. I appreciate your continued interest. I appreciate especially our long-term shareholders who have been great and sustaining with us for a long time. And I really appreciate our employee base, who have come through an amazing period. And I am so glad to be on the other side and just starting to focus on getting our balance sheet back in order, starting to invest in the things that really matter and really cleaning up our house to ensure we really deliver robust, efficient growth that continues to lead our sector and the consumer markets we participate in. With that, good evening to everybody and thank you for your patience.

Operator: The conference has now concluded. Thank you for attending today’s presentation and you may now disconnect.