Aemetis(US:AMTX) Globenewswireยท2025-05-08 12:00Financial Performance - Total revenues for the first quarter of 2025 were $42.9 million, a decrease from $72.6 million in the same quarter of 2024, primarily due to delays in contracts from India [4][9] - Gross loss for Q1 2025 was $5.1 million, compared to a loss of $0.6 million in Q1 2024 [5] - Operating loss increased to $15.6 million in Q1 2025 from $9.5 million in Q1 2024 [6] - Net loss for Q1 2025 was $24.5 million, slightly higher than the net loss of $24.2 million in Q1 2024 [9] Segment Performance - The California Ethanol segment saw an increase in revenue by $1.7 million, attributed to a rise in the average price of ethanol from $1.79 in 2024 to $1.98 in Q1 2025 [4] - The Dairy Natural Gas segment sold 70,900 MMBtu of renewable natural gas, an increase of 10,100 MMBtu compared to the same quarter last year [8] - The India Biodiesel segment is expected to return to regular production levels following the approval of contracts, with new letters of intent for $31 million issued in April 2025 [2][4] Cash Flow and Expenses - Selling, general, and administrative expenses rose to $10.5 million in Q1 2025 from $8.9 million in Q1 2024, driven by legal and transaction costs related to tax credit sales [5] - Cash at the end of Q1 2025 was $500 thousand, down from $900 thousand at the end of Q4 2024 [10] - Payments of $15.4 million were made towards debt repayment during Q1 2025 [10] Future Outlook - The company anticipates substantial additional revenues from expected LCFS provisional pathway approvals, which could approximately double LCFS revenues [2] - Aemetis is focused on improving cash flow from its California Ethanol segment by replacing fossil natural gas with lower carbon electricity [3]