Aemetis Q4 2019 Earnings Report
Key Takeaways
Aemetis reported a revenue increase to $52.1 million for Q4 2019, compared to $38.8 million for Q4 2018. The company achieved a gross profit of $5.8 million, a significant improvement from the gross loss of $1.9 million in the same period of the previous year. Operating profit was $1.0 million, compared to an operating loss of $6.7 million for the fourth quarter of 2018.
Revenues increased to $52.1 million, up from $38.8 million year-over-year.
Gross profit reached $5.8 million, a substantial improvement from a $1.9 million loss in the prior year.
Operating profit was $1.0 million, compared to an operating loss of $6.7 million year-over-year.
Net loss attributable to Aemetis was $6.7 million, compared to a net loss of $11.4 million year-over-year.
Aemetis
Aemetis
Forward Guidance
Aemetis is focused on carbon reduction and revenue expansion projects to drive significant revenue increases and positive earnings.
Positive Outlook
- Completing the first phase of a $50+ million renewable natural gas project to collect and upgrade biogas.
- Completion of the carbon dioxide capture system at our Keyes plant.
- Solid progress toward commencing construction of our ultra-low carbon content California waste wood ethanol biorefinery.
- Increase in revenue was primarily attributable to increases in the production and sales of biodiesel and glycerin in India.
- Gross profit increase was attributable to higher quantity and margin from biodiesel sales in India.
Challenges Ahead
- Competition in the ethanol, biodiesel and other industries.
- Commodity market risks including those that may result from current weather conditions.
- Financial market risks.
- Customer adoption.
- Counter-party risks.