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Jun 30, 2021
Aemetis Q2 2021 Earnings Report
Reported financial results with revenues increasing due to higher ethanol sales prices, but gross profit decreasing due to rising corn prices and lower demand for industrial alcohol products.
Key Takeaways
Aemetis, Inc. reported a revenue increase for Q2 2021 compared to Q2 2020, driven by higher ethanol sales prices. However, the company experienced a net loss due to increased corn prices and other factors.
Revenues increased by 16% compared to Q2 2020, driven by increased demand and stronger pricing for liquid transportation fuels.
North America revenues increased to $54.7 million compared to $45.2 million in Q2 2020.
Gross profit decreased to $3.6 million from $14.1 million in Q2 2020 due to rising corn prices and lower demand for industrial alcohol products.
Net loss was $10.6 million, compared to a net income of $2.2 million for the second quarter of 2020.
Aemetis
Aemetis
Forward Guidance
No specific forward guidance was provided in the current report.