Enviva(US:EVA)2023-11-09 14:52Financial Performance - Enviva's net revenue decreased by $5.1 million year-over-year, from $325.7 million in 3Q22 to $320.6 million in 3Q23[15] - The company reported a net loss of $85.2 million in 3Q23, a significant increase from the $18.3 million net loss in 3Q22[15] - Adjusted EBITDA decreased by $24 million, from $60.6 million in 3Q22 to $36.6 million in 3Q23[15] - Average sales price per MT(Metric Ton) decreased by 17% from 3Q22 to 3Q23[16] - Gross margin per MT decreased from $25.28 in 3Q22 to $9.90 in 3Q23[15] - Adjusted gross margin per MT decreased from $59.99 in 3Q22 to $39.66 in 3Q23[15] Cost Reduction and Production - Delivered At Port (DAP) costs decreased by $9 per MT from $161 in 2Q23 to $152 in 3Q23[10, 17] - Production increased by approximately 5% from 2Q23 to 3Q23[17] Liquidity and Capital Structure - Total liquidity as of September 30, 2023, was $440 million, including $315 million of unrestricted cash and $125 million of restricted cash[22] - Net debt was $1.394 billion as of September 30, 2023[22]