Loading...
•
Mar 31, 2021
Aemetis Q1 2021 Earnings Report
Aemetis reported financial results for the first quarter of 2021.
Key Takeaways
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
Aemetis
Aemetis Revenue by Segment
Revenue by Segment
California Ethanol Revenue
CapyFin.com Forward Guidance
Aemetis is focused on executing its Five Year Plan, which includes projects to produce negative carbon intensity products and rapidly grow value for shareholders.
Positive Outlook
- Carbon Zero renewable jet/diesel project received an exclusive license.
- 19 key permits issued for construction of the jet/diesel plant.
- $16.8 million in energy efficiency grants for ethanol plant upgrades.
- Aemetis Biogas RNG project received approval for a Low Carbon Fuel Standard (LCFS) pathway with a -426 carbon intensity.
- Received CEQA approval for a 32-mile extension to the existing biogas pipeline.