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Aemetis(AMTX) - 2024 Q3 - Earnings Call Transcript
2024-11-13 09:16
Aemetis, Inc. (NASDAQ:AMTX) Q3 2024 Earnings Call November 12, 2024 2:00 PM ET Company Participants Todd Waltz - Executive Vice President and Chief Financial Officer Eric McAfee - Founder, Chairman and Chief Executive Officer Andy Foster - President, North America Conference Call Participants Manav Gupta - UBS Henry Stephen - Truist Amit Dayal - H.C. Wainwright Matthew Blair - TPH Dave Storms - Stonegate Ed Woo - Ascendiant Capital Operator Good day, ladies and gentlemen, and welcome to the Aemetis Third Qu ...
Aemetis(AMTX) - 2024 Q3 - Quarterly Report
2024-11-13 04:34
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36475 Aemetis, Inc. (Exact name of registrant as specified in its charter) Delaware 26-1407544 (State or other juris ...
Aemetis(AMTX) - 2024 Q3 - Quarterly Results
2024-11-12 21:30
Exhibit 99.1 External Investor Relations Contact: Kirin Smith PCG Advisory Group (646) 863-6519 ksmith@pcgadvisory.com Company Investor Relations/ Media Contact: Todd Waltz (408) 213-0940 investors@aemetis.com Aemetis Reports Revenues of $81 Million for the Third Quarter 2024 Revenues increased 19% over the Third Quarter of 2023 CUPERTINO, Calif. – November 12, 2024 - Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that ...
Aemetis Named 7th Hottest Company in the Bioeconomy at Advanced Bioeconomy Leadership Conference
GlobeNewswire News Room· 2024-10-31 22:49
Biofuels Digest Annually Awards the Top 50 Hottest Companies in the Bioeconomy; Aemetis CEO Eric McAfee Presents Company Update at ABLC CUPERTINO, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, was named the 7th  Hottest Company in the Bioeconomy by The Digest at the Advanced Bioeconomy Leadership Conference (ABLC) held in San Francisco. The Digest is the world’s most widely r ...
Aemetis Biogas Completes Initial Construction Phase of Multi-Dairy Digester
GlobeNewswire News Room· 2024-10-03 20:15
Biogas Production of Over 200,000 MMBtu per Year Scheduled to Begin by Year-end 2024 CUPERTINO, Calif., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, announced today that its Aemetis Biogas subsidiary has completed initial construction of a multi-dairy anaerobic digester to process waste from approximately 14,000 dairy cows in Merced County, California. The multi-dairy digester is exp ...
Aemetis(AMTX) - 2024 Q2 - Quarterly Report
2024-08-03 06:42
财务业绩 - 公司营收总额为6656.1万美元,同比增长47.5%[193] - 加州乙醇业务营收为4013.2万美元,同比增长254.1%[194] - 加州乳业沼气业务营收为159.8万美元,同比增长661.0%[195] - 印度生物柴油业务营收为2483.1万美元,同比下降26.0%[196] - 公司在2024年6月30日结束的六个月内总收入为139,195,000美元,同比增长194.5%[211] - 加州乙醇业务收入为76,221,000美元,同比增长545.6%,主要由于2024年全年运营Keyes工厂而2023年前5个月停产[212] - 加州乳品沼气业务收入为5,390,000美元,同比增长1195.7%,主要由于2023年6月30日后开始销售D3 RIN和LCFS信用额[213] - 印度生物柴油业务收入为57,584,000美元,同比增长64.3%,主要由于销量增加78%和原料价格下降10%[214] 毛利情况 - 加州乙醇业务毛利亏损392.1万美元,同比亏损增加68.9%[202] - 加州乳业沼气业务毛利亏损136万美元,同比亏损减少87.2%[203] - 印度生物柴油业务毛利为225.1万美元,同比下降57.9%[204] - 公司总毛利为-2,418,000美元,同比下降465.8%[219] 费用情况 - 销售、一般及管理费用为1180万美元,同比增加21.1%[208] - 利息费用为1172.1万美元,同比增加22.5%[207] - 优先股单位的折现和其他费用为347.7万美元,同比下降49.5%[207] 公司计划 - 公司计划通过提高能源效率、降低成本和增加收入等措施来改善Keyes工厂的财务表现[233] - 公司计划继续建设新的乳品沼气项目并寻求多种融资渠道来加快建设[234] - 公司计划继续通过成本加成合同和产能升级等措施来改善Kakinada工厂的表现[235] 现金流情况 - 经营活动中使用的净现金为1,550万美元,主要由于(i)非现金费用2,250万美元(ii)经营资产和负债提供的现金1,550万美元(iii)净亏损5,340万美元[243] - 投资活动使用现金6,000万美元,主要用于资本项目[244] - 筹资活动提供现金1,870万美元,主要包括(i)1,590万美元普通股发行(ii)840万美元借款,部分被(iii)400万美元借款偿还、140万美元债务续期和豁免费用、20万美元融资租赁付款所抵消[245] 其他 - 公司总债务增加14,295美元[241] - 营运资金变动主要包括(i)由于Kakinada工厂销售使用库存导致库存减少840万美元,但Keyes工厂增加40万美元(ii)应收账款增加20万美元,主要由于季度末在周末,但印度应收账款减少6.5万美元,以及(iii)其他流动资产减少70万美元[241] - 公司正在实施补救计划以解决2023年12月31日财年年报中识别的有关信息技术一般控制和信息技术系统的内部控制重大缺陷[249]
Aemetis(AMTX) - 2024 Q2 - Earnings Call Transcript
2024-08-03 05:42
财务数据和关键指标变化 - 第二季度收入为6660万美元,同比增长48% [10] - 第二季度毛亏为180万美元,上年同期毛利200万美元 [13] - 第二季度净亏损2920万美元,上年同期亏损2530万美元 [15] - 第二季度末现金余额仅23.4万美元,较2023年末下降 [16] 各条业务线数据和关键指标变化 - 生物天然气业务第二季度产出89,400 MMBtus,收入160万美元 [11] - 印度生物柴油业务第二季度收入2480万美元 [12] - 公司计划在2024年底前建成约16个奶牛沼气消化池 [47][48] 各个市场数据和关键指标变化 - 公司预计2025年1月开始,新的LCFS政策、45Z税收抵免和E15批准将带来每年超过5000万美元的现金流增加 [21] - 公司预计2025年第三季度完成机械蒸汽再压缩系统(MVR)项目,将减少80%天然气使用,每年增加1500万至2900万美元现金流 [36] 公司战略和发展方向及行业竞争 - 公司正在执行5年计划,包括扩大正现金流运营,并获得长期低息USDA担保贷款来支持增长 [18] - 公司正在建设90万加仑/年的可持续航空燃料和可再生柴油工厂,作为航空业减碳的供应商 [28][29][30] - 公司在印度的生物柴油业务保持盈利,并正在进行IPO筹备 [31][32][33] 管理层对经营环境和未来前景的评论 - 管理层认为未来几个季度内,公司各业务板块都将实现正现金流 [22] - 管理层对LCFS政策调整、45Z税收抵免和E15批准等监管事件持乐观态度,预计将大幅提升公司产品价值 [20][21] 其他重要信息 - 公司已获得USDA担保贷款7500万美元,用于沼气消化池和管线建设 [23][24] - 公司正在等待国税局(IRS)对45Z税收抵免的具体指引,这将直接影响沼气业务的盈利能力 [58][59][60][61][62][63][64] 问答环节重要的提问和回答 问题1 **Manav Gupta 提问** 询问LCFS信用额度银行的规模及其对信用价格的影响 [40][41][42] **Eric McAfee 回答** 认为CARB需要至少9%的年降幅来推动主要石油公司购买更多LCFS信用 [41][42] 问题2 **Jordan Levy 提问** 询问机械蒸汽再压缩系统(MVR)项目的进展情况 [53][54][55] **Eric McAfee 回答** 公司对MVR项目在2025年第三季度投产充满信心,正在推进设备采购和工程设计 [54][55][56] 问题3 **Matthew Blair 提问** 询问45Z税收抵免对生物天然气业务的影响 [57][58][59][60][61][62][63][64][65] **Eric McAfee 回答** 45Z税收抵免的具体计算方法和可能产生的价值范围,公司正积极与监管部门沟通以确保合理的执行 [58][59][60][61][62][63][64][65]
Aemetis (AMTX) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-08-01 22:50
Aemetis (AMTX) came out with a quarterly loss of $0.66 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.79%. A quarter ago, it was expected that this renewable fuels and specialty chemicals company would post a loss of $0.43 per share when it actually produced a loss of $0.58, delivering a surprise of -34.88%.Over the last four ...
Aemetis Reports Revenues of $66 Million for the Second Quarter 2024
Newsfilter· 2024-08-01 21:38
Revenues Increased 48% Over the Second Quarter of 2023 CUPERTINO, CA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, today announced its financial results for the three and six months ended June 30, 2024.  Revenues of $66.6 million for the second quarter of 2024 reflect strong execution by all three of the company's operating segments, with the California Ethan ...
Aemetis Reports Revenues of $66 Million for the Second Quarter 2024
GlobeNewswire News Room· 2024-08-01 21:38
Revenues Increased 48% Over the Second Quarter of 2023 CUPERTINO, CA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, today announced its financial results for the three and six months ended June 30, 2024.  Revenues of $66.6 million for the second quarter of 2024 reflect strong execution by all three of the company’s operating segments, with the California Etha ...