NASDAQ$AMTX

Aemetis Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Aemetis reported financial results, showing a decrease in revenues due to idling the Keyes plant and an extended maintenance cycle, while making progress on energy efficiency and Renewable Natural Gas projects.

Aemetis reported a decrease in revenue to $2.2 million due to the idling of the Keyes plant and an extended maintenance cycle. The company focused on energy efficiency upgrades and the commissioning of dairy digesters and RNG facilities. Net loss was $26.4 million, impacted by increased expenses and accretion of preference payments.

  • Revenues decreased to $2.2 million due to idling the Keyes plant for maintenance and upgrades.
  • Dairy Natural Gas segment produced 21,300 MMBtu from 6 dairy digesters.
  • India Biodiesel recognized $1.5 million of revenue from private customers.
  • Net loss was $26.4 million, compared to $18.3 million for the same period in 2022.

Headline financials

Total Revenue

$2.15M

Previous: $52M-95.9%
EPS (adj)

-$0.73

Previous: -$0.54-35.2%
Ethanol Gallons Sold

100.0K

Previous: 14.7M-99.3%
Capital Expenditures

-$7.62M

Previous: -$9.46M+19.5%
Free Cash Flow

-$34M

Previous: -$27.8M-22.6%
Net Income

-$26.4M

Previous: -$18.3M-44.4%
Operating Income

-$12.1M

Previous: -$10.4M-16.3%
Gross Profit

-$1.3M

Previous: -$3.09M+58.0%
Cash & Equivalents

$4.13M

Previous: $5.47M-24.5%
Total Assets

$210M

Previous: $166M+26.4%
Stock-Based Comp

$2.66M

Previous: $2.04M+30.5%

Revenue & EPS history

Aemetis · Revenue · Quarterly

$2.15M

Q1 2023-95.9%vs Q1 2022
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

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

  • California Ethanol
    $42.8M+74.8%

Forward guidance

With natural gas now at a reasonable pricing range and the maintenance turn-around complete, Aemetis expects to restart the Keyes plant during the second quarter of 2023.

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 2023

Historical avgQ1 2023

-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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