NASDAQ$AMTX

Aemetis Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Aemetis announced financial results for the first quarter of 2020.

Aemetis reported revenues of $39.5 million and a net loss of $12.1 million for the first quarter of 2020. The company continued to make progress on carbon reduction and revenue expansion projects despite challenges related to Covid-19 restrictions.

  • Revenues were $39.5 million, compared to $41.9 million for the first quarter of 2019.
  • North America volume of ethanol sold during the first quarter was 15.7 million gallons at an average price of $1.56 per gallon.
  • Net loss increased to $12.1 million, compared to net loss of $10.7 million for the first quarter of 2019.
  • Cash at the end of the first quarter of 2020 was $303 thousand compared to $656 thousand at the close of the fourth quarter of 2019.

Headline financials

Total Revenue

$39.5M

Previous: $41.9M-5.7%
EPS (adj)

-$0.58

Previous: -$0.48-20.8%
Ethanol Gallons Sold

15.7M

Previous: 16.2M-3.1%
Biodiesel Metric Tons Sold

3.6K

Previous: 5.2K-30.8%
Capital Expenditures

-$2.37M

Previous: -$598K-296.7%
Free Cash Flow

-$14.4M

Previous: -$11.3M-28.0%
Net Income

-$12.1M

Previous: -$10.7M-13.0%
Operating Income

-$4.49M

Previous: -$4.63M+3.0%
Gross Profit

-$433K

Previous: -$351K-23.4%
Cash & Equivalents

$303K

Previous: $43K+604.7%
Total Assets

$104M

Previous: $92.4M+12.4%
Stock-Based Comp

$310K

Previous: $290K+6.9%

Revenue & EPS history

Aemetis · Revenue · Quarterly

$39.5M

Q1 2020-5.7%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Aemetis · $27.3M total across 2 segments · Q1 2020

  • California Ethanol
    $24.5M-10.0%
  • India Biodiesel
    $2.83M-34.9%

Forward guidance

Aemetis is focused on carbon reduction and revenue expansion projects to drive significant revenue increases and positive earnings.

Tailwinds

  • Completed and tested the first two dairy digesters.
  • Began constructing the four mile pipeline to connect the two dairies to the Keyes ethanol plant.
  • Completed the construction and began commercial operation of the carbon dioxide capture system at our Keyes plant under a long term contract.
  • Made progress toward commencing construction of our below zero carbon content California waste wood ethanol biorefinery.
  • All of the EB-5 investors in our current offering were granted National Interest Expedite approval to process their applications at the USCIS in approximately 90 days instead of up to three years which has significantly increased the number of interested investors.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-3.5%

Avg return

Earnings day

-3.2%

Avg return

5 days after

-2.6%

Avg return

30 days after

32%

20 / 62 earnings

Positive

+29.3%

Q4 2020

Best reaction

-37.5%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.0%-30.2%-30.6%
Q4 2025+25.5%+77.3%+47.4%
Q3 2025-13.2%+4.9%-26.2%
Q1 2025+7.1%+16.2%+50.0%
Q4 2024-6.1%+11.3%-9.3%
Q3 2024+15.0%+6.7%-15.0%
Q2 2024-22.4%-17.8%-23.4%
Q1 2024-3.4%-1.4%-25.1%
Q4 2023+1.2%-3.0%+57.2%
Q3 2023-1.3%+0.2%-0.7%
Q2 2023+9.5%+4.8%-28.3%
Q1 2023-13.8%-11.1%+126.7%
Q4 2022-23.6%-21.3%-42.1%
Q3 2022-0.6%-7.6%-19.3%
Q2 2022+29.2%+29.1%+6.7%
Q1 2022+9.3%+17.1%+4.3%
Q4 2021-7.2%-27.1%-18.6%
Q3 2021+3.3%-4.0%-14.9%
Q2 2021+4.0%-6.0%+40.4%
Q1 2021-27.5%-18.2%+13.8%
Q4 2020+29.3%+14.3%+62.0%
Q3 2020-36.7%-36.1%-35.5%
Q2 2020-26.6%-8.4%-36.2%
Q1 2020+6.9%+11.4%+15.0%
Q4 2019-8.1%-30.9%-15.5%
Q3 2019-2.9%-7.8%-1.9%
Q2 2019-4.1%-6.3%-17.3%
Q1 2019-14.6%-10.8%-32.3%
Q4 2018-0.3%-5.9%-7.1%
Q3 2018-4.0%-5.9%-25.6%
Q2 2018-8.1%-7.4%-10.3%
Q1 2018-0.5%-2.7%-20.7%
Q4 2017-21.5%-17.0%-11.0%
Q3 2017-3.9%-8.9%-12.6%
Q2 2017+2.6%+0.7%-21.1%
Q1 2017-8.8%-11.6%+6.1%
Q4 2016-0.8%+0.0%+0.7%
Q3 2016+11.8%+0.6%+0.2%
Q2 2016+0.0%-12.4%-30.6%
Q1 2016+6.2%
Q4 2015-5.6%
Q3 2015+2.3%
Q2 2015-1.5%
Q1 2015-8.0%
Q4 2014-9.4%
Q3 2014-14.3%
Q2 2014-14.7%
Q1 2014+23.7%
Q4 2013+10.5%
Q3 2013-20.0%
Q2 2013-7.4%
Q1 2013-6.1%
Q4 2012-6.1%
Q3 2011-5.8%
Q2 2012-12.5%
Q3 2012-12.5%
Q2 2011+12.5%
Q1 2011-7.7%
Q4 2010+7.1%
Q3 2010+1.0%
Q2 2010-37.5%
Q1 2010+0.0%

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