Aemetis(AMTX)

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Aemetis(AMTX) - 2024 Q2 - Quarterly Results
2024-08-01 12:40
Revenue Performance - Aemetis reported revenues of $66.6 million for Q2 2024, a 48% increase compared to $45.1 million in Q2 2023[1][5] - The California Ethanol business generated $40.1 million in revenues, while the India Biodiesel business contributed $28.8 million, and the Dairy RNG business added $1.6 million[1][5] - Total revenues for the first half of 2024 reached $139.2 million, significantly up from $47.3 million in the first half of 2023[8] Loss and Expenses - The company reported a net loss of $29.2 million for Q2 2024, compared to a net loss of $25.3 million in Q2 2023[6] - Selling, general and administrative expenses increased to $11.8 million in Q2 2024 from $9.7 million in Q2 2023, primarily due to a loss on asset disposals[6] - The operating loss for the first half of 2024 was $23.1 million, compared to a loss of $19.9 million in the same period of 2023[9] - Net loss for the three months ended June 30, 2024, was $29,174 thousand compared to a loss of $25,279 thousand for the same period in 2023[19] - Adjusted EBITDA for the three months ended June 30, 2024, was $(5,906) thousand, compared to $(4,262) thousand for the same period in 2023[19] - The company reported an accumulated deficit of $(528,810) thousand, up from $(475,405) thousand year-over-year[17] Cash and Assets - Cash at the end of Q2 2024 was $234 thousand, down from $2.7 million at the end of Q4 2023[7] - Total assets decreased to $232,088 thousand from $243,406 thousand, a decline of approximately 4.7%[17] - Current liabilities increased significantly to $120,853 thousand from $84,389 thousand, an increase of about 43%[17] Production and Sales Metrics - Ethanol gallons sold increased to 14.8 million from 2.8 million, a growth of over 428%[20] - Average sales price per gallon of ethanol decreased to $1.99 from $3.12, a decline of approximately 36%[20] - Dairy Renewable Natural Gas production increased to 89.4 thousand MMBtu from 54.1 thousand MMBtu, an increase of about 65%[20] - Biodiesel metric tons sold decreased to 20.4 thousand from 25.7 thousand, a decline of approximately 20%[20] - Average sales price per metric ton of biodiesel decreased to $1,162 from $1,276, a decline of about 9%[20] Strategic Initiatives - Aemetis is pursuing an IPO for its India Biofuel business, indicating a commitment to market expansion[4] - The Dairy RNG business has the capacity to produce over 300,000 MMBtu of renewable natural gas annually, which is expected to enhance future revenues[2] Tax Credits and Cost Reductions - Aemetis received $10.5 million in IRA tax credits to support the installation of a Mechanical Vapor Recompression system, projected to reduce natural gas usage by approximately 80%[3]
Aemetis to Review Second Quarter 2024 Financial Results on August 1, 2024
GlobeNewswire News Room· 2024-07-26 12:00
CUPERTINO, CA, July 26, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its second quarter 2024 earnings report: Date: Thursday, August 1, 2024 Time: 11 am Pacific Standard Time (PST) Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 807848 Live Participant Dial In (International): +1-973-528-0011 entry code 807848 Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/50872 Atte ...
Aemetis (AMTX) Reports Q1 Loss, Lags Revenue Estimates
Zacks Investment Research· 2024-05-10 01:16
Aemetis (AMTX) came out with a quarterly loss of $0.58 per share versus the Zacks Consensus Estimate of a loss of $0.43. This compares to loss of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -34.88%. A quarter ago, it was expected that this renewable fuels and specialty chemicals company would post a loss of $0.35 per share when it actually produced a loss of $0.64, delivering a surprise of -82.86%.Over the last four ...
Aemetis(AMTX) - 2024 Q1 - Earnings Call Transcript
2024-05-09 23:47
Aemetis, Inc. (NASDAQ:AMTX) Q1 2024 Earnings Conference Call May 9, 2024 2:00 PM ET Company Participants Todd Waltz - Chief Financial Officer Eric McAfee - Founder, Chairman & Chief Executive Officer Conference Call Participants Manav Gupta - UBS Derrick Whitfield - Stifel Jordan Levy - Truist Securities Matthew Blair - Tudor, Pickering, Holt Amit Dayal - H.C. Wainwright Dave Storms - Stonegate Capital Partners Edward Woo - Ascendiant Capital Markets James Larkin - Piper Sandler Operator Welcome to the Aeme ...
Aemetis(AMTX) - 2024 Q1 - Quarterly Report
2024-05-09 21:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36475 Aemetis, Inc. (Exact name of registrant as specified in its charter) Delaware 26-1407544 (State or other jurisdict ...
Aemetis(AMTX) - 2024 Q1 - Quarterly Results
2024-05-09 12:30
Exhibit 99.1 External Investor Relations Contact: Kirin Smith PCG Advisory Group (646) 863-6519 ksmith@pcgadvisory.com Company Investor Relations/ Media Contact: Todd Waltz (408) 213-0940 investors@aemetis.com Aemetis Reports First Quarter 2024 Financial Results CUPERTINO, Calif. – May 9, 2024 - Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, today announced its financial results for the three ...
Aemetis (AMTX) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
Zacks Investment Research· 2024-04-25 15:08
The market expects Aemetis (AMTX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the ...
Aemetis(AMTX) - 2023 Q4 - Annual Report
2024-03-29 15:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____. Commission file number: 001-36475 Aemetis, Inc. (Exact name of registrant as specified in its charter) 26-1407544 (I.R.S. Employer 20400 Stevens Creek Blvd., Suite ...
Aemetis (AMTX) Soars 39.7%: Is Further Upside Left in the Stock?
Zacks Investment Research· 2024-03-22 16:11
Aemetis (AMTX) shares soared 39.7% in the last trading session to close at $5.10. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.3% loss over the past four weeks.Amtex has recently received approval from U.S. Citizenship and Immigration Services (USCIS) for EB-5 program investment worth $200 million. This investment is for the Riverbank sustainable aviation fuel (SAF) production plant, the dairy renewable natural gas (RNG) pro ...
Aemetis(AMTX) - 2023 Q4 - Earnings Call Transcript
2024-03-07 21:30
Aemetis, Inc. (NASDAQ:AMTX) Q4 2023 Earnings Conference Call March 7, 2024 2:00 PM ET Company Participants Todd Waltz - Executive Vice President and Chief Financial Officer Eric McAfee - Founder, Chairman and Chief Executive Officer Andy Foster – President, Aemetis North America Conference Call Participants Manav Gupta - UBS John Annis - Stifel Jordan Levy - Truist Amit Dayal - H. C. Wainwright Dave Storms - Stonegate Capital Market Ed Woo - Ascendiant Capital Operator Good afternoon and welcome to the Aeme ...