As someone who invested in Amyris (heavily mentioned in these articles) last year with much the same thinking as the author… be very careful about betting against incumbent tech.
> be very careful about betting against incumbent tech
Can you elaborate on why you think 'incumbent tech' has anything to do with Amyris stock price?
Here's what I see just briefly looking at some numbers and slide decks:
Amyris has OK revenue growth and gross margin, but wow do they burn a lot of cash. They took on massive convertible debt back in Nov 2021, are continuing to do M&A, and in most recent earnings report are blaming horrible EBIDTA performance on 'higher freight and logistics and increased SG&A, mostly marketing investments'...
I think a lot of investors make investment decisions based on #2. The product is great. Next-gen technology. Perhaps #1 follows... But even if you get #1 and #2 right, #3 can make or break the valuation of a company. It's not clear that Amyris has a path to profitability and the revenue growth is far from earth-shattering.
