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Dec 31, 2023
Aemetis Q4 2023 Earnings Report
Aemetis's financial performance increased slightly compared to the same period last year, with revenue growth driven by increased ethanol sales.
Key Takeaways
Aemetis reported a revenue increase for Q4 2023, driven by higher ethanol sales, but faced increased costs of goods sold and operating losses. The company made significant progress in its carbon intensity reduction and production expansion projects.
Revenues increased to $70.8 million, up from $66.7 million in Q4 2022.
Ethanol gallons sold increased to 15 million gallons from 13.4 million gallons in Q4 2022.
Operating loss was $9.0 million, slightly higher than the $8.7 million loss in Q4 2022.
Net loss was $25.4 million, compared to a net loss of $22.4 million for the same period in 2022.