NASDAQ$AMTX

Aemetis Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Revenue increased due to expanded demand for liquid transportation fuels raising the average ethanol price.

Aemetis reported a 22% increase in revenue compared to Q1 2021, driven by higher ethanol prices. The company also made significant progress on its capital projects and secured substantial off-take agreements for sustainable aviation fuel and renewable diesel.

  • Revenues for the first quarter of 2022 increased 22% compared to Q1 2021.
  • Average ethanol price raised to $2.58 per gallon.
  • Investments in carbon reduction capital projects totaled $11.4 million.
  • Signed $3.5 billion of off-take agreements for SAF with major airlines and $3.2 billion of contracts for renewable diesel.

Headline financials

Total Revenue

$52M

Previous: $42.8M+21.6%
EPS (adj)

-$0.54

Previous: -$0.69+21.7%
Ethanol Gallons Sold

14.7M

No prior period
Capital Expenditures

-$9.46M

Previous: -$6.56M-44.2%
Free Cash Flow

-$27.8M

Previous: -$24.7M-12.5%
Net Income

-$18.3M

Previous: -$18.1M-1.0%
Operating Income

-$10.4M

Previous: -$9.01M-15.7%
Gross Profit

-$3.09M

Previous: -$3.61M+14.5%
Cash & Equivalents

$5.47M

Previous: $15.8M-65.3%
Total Assets

$166M

Previous: $144M+15.8%
Stock-Based Comp

$2.04M

Previous: $835K+144.3%

Revenue & EPS history

Aemetis · Revenue · Quarterly

$52M

Q1 2022+21.6%vs Q1 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Aemetis · $42.8M total across 1 segment · Q1 2021

  • California Ethanol
    $42.8M+74.8%

Forward guidance

Aemetis is focused on executing its Five Year Plan to produce negative carbon intensity products and rapidly grow value for shareholders.

Tailwinds

  • Continuing construction of five of the next 15 dairy digesters.
  • Completing construction of 20 miles of our 36-mile biogas pipeline.
  • Completing testing of the biogas conditioning hub.
  • Completing the utility gas pipeline interconnection unit.
  • Closed two credit facilities, with an aggregate availability of up to $100 million.

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 2022

Historical avgQ1 2022

-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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