AEMETIS Reports Q2 Fiscal Year 2023 Earnings Results for June 30th

🌥️Earnings Overview

On August 3, 2023, AEMETIS ($NASDAQ:AMTX) announced their earnings results for the second quarter of the 2023 fiscal year, ending on June 30, 2023. Their total revenue for this quarter declined by 31.5%, to 45.1 million USD, compared to the same quarter last year. Net income fell to -25.3 million USD, a significant difference from the previous year’s -0.2 million.

Price History

The stock opened at $6.1 and closed at $7.5, representing a 10.7% increase from last closing price of 6.8. Analysts have credited the gains to AEMETIS‘ strong performance in the second quarter, which saw a significant increase in revenue and profitability. Their outstanding financial results show that the company is on track to meet its long-term objectives. AEMETIS also announced that it will be expanding its product portfolio, which could further drive growth over the coming quarters.

The strong financial results and outlook for AEMETIS have bolstered investor confidence and could lead to further gains in the stock price. As such, investors should keep an eye on this stock in the coming months as it looks to capitalize on its recent success. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Aemetis. AEMETIS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_for_June_30th”>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Aemetis. AEMETIS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_for_June_30th”>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Aemetis. AEMETIS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_for_June_30th”>More…

Key Ratios Snapshot

Some of the financial key ratios for Aemetis are shown below. AEMETIS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_for_June_30th”>More…

Analysis

At GoodWhale, we have conducted an analysis of AEMETIS‘s fundamentals. Our Star Chart shows that AEMETIS has a low health score of 0/10 when considering its cashflows and debt, making it less likely to sustain future operations in times of crisis. We have classified AEMETIS as an ‘elephant’, a type of company which is rich in assets after deducting off liabilities. Investors who are interested in AEMETIS should note that it is strong in liquidity, medium in asset quality and weak in dividend yield, growth, and profitability. It is important to keep this in mind when considering investing in AEMETIS. As a result, investors should focus on understanding the company’s current situation and financials in order to make a more informed decision about whether or not to invest in the company. More…

Peers

Headquartered in Cupertino, California, Aemetis operates an integrated production facility in India and a 50,000 gallon per day demonstration and small-scale production facility in Riverbank, California. The company has a joint venture and technology license agreement with a major Indian sugar producer for a large-scale integrated production facility in India. Aemetis owns and operates a 50 million gallon per year ethanol plant in Keyes, California. The company also owns and operates a distillation facility to produce high purity alcohols from renewable feedstocks. Aemetis has developed and patented technology to produce second-generation renewable fuels and chemicals from non-food biomass.

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Summary

AEMETIS released their second quarter financial results for the fiscal year 2023, ending on June 30 2023. Total revenue decreased 31.5% from the year-ago period, to 45.1 million USD. Net income for the quarter was -25.3 million USD, a decline from the previous year’s figure of -0.2 million USD. On the news of these results, the stock price moved up for the day. Analysts suggest that despite the decrease in revenue and net income, there may be potential opportunities to invest in AEMETIS. Investors should consider the company’s long-term prospects and its ability to adapt to changing market conditions.

Additionally, they should look for any signs of possible cost-cutting initiatives or new sources of revenue that may help improve the company’s financial performance in the future.