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Jun 30, 2023
Aemetis Q2 2023 Earnings Report
Reported financial results for Q2 2023, with India Biodiesel generating $33.6 million in revenues and the Keyes plant restarting in late May.
Key Takeaways
Aemetis reported Q2 2023 revenues of $45.1 million, with a net loss of $25.3 million. The India Biodiesel segment contributed $33.6 million in sales. The Keyes plant restarted in late May after maintenance and efficiency upgrades.
Revenues for the second quarter of 2023 were $45.1 million, including $33.6 million from India Biodiesel sales.
Gross profit for the second quarter of 2023 was $2.0 million, an improvement compared to a $0.2 million gross loss in Q2 2022.
Net loss for the second quarter of 2023 was $25.3 million, compared to a net loss of $209 thousand for the second quarter of 2022.
India plant contributed $5.3 million of Adjusted EBITDA during the three months ended June 30, 2023, offset by Adjusted EBITDA from the restart of the Keyes plant and other operations, for a total company negative Adjusted EBITDA of $4.3 million.
Forward Guidance
This news release contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts.
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