Aemetis, Inc. reported an increase in revenues to $42.8 million for Q1 2021, compared to $39.5 million for Q1 2020. However, the company experienced a net loss of $18.1 million, compared to a net loss of $12.1 million for the same period in 2020.
Ethanol revenues increased to $42.8 million compared to $39.5 million year-over-year.
Gross loss for the quarter was $3.6 million, compared to a $0.4 million loss year-over-year.
Operating loss was $9.0 million, compared to $4.5 million year-over-year.
Net loss increased to $18.1 million, compared to $12.1 million year-over-year.
Aemetis is focused on executing its Five Year Plan, which includes projects to produce negative carbon intensity products and rapidly grow value for shareholders.
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