NASDAQ$AMTX

Aemetis Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported financial results for Q2 2023, with India Biodiesel generating $33.6 million in revenues and the Keyes plant restarting in late May.

Aemetis reported Q2 2023 revenues of $45.1 million, with a net loss of $25.3 million. The India Biodiesel segment contributed $33.6 million in sales. The Keyes plant restarted in late May after maintenance and efficiency upgrades.

  • Revenues for the second quarter of 2023 were $45.1 million, including $33.6 million from India Biodiesel sales.
  • Gross profit for the second quarter of 2023 was $2.0 million, an improvement compared to a $0.2 million gross loss in Q2 2022.
  • Net loss for the second quarter of 2023 was $25.3 million, compared to a net loss of $209 thousand for the second quarter of 2022.
  • India plant contributed $5.3 million of Adjusted EBITDA during the three months ended June 30, 2023, offset by Adjusted EBITDA from the restart of the Keyes plant and other operations, for a total company negative Adjusted EBITDA of $4.3 million.

Headline financials

Total Revenue

$45.1M

Previous: $65.9M-31.5%
EPS (adj)

-$0.68

Previous: -$0.03-2166.7%
Capital Expenditures

-$2.19M

Previous: -$13.1M+83.2%
Free Cash Flow

-$27.5M

Previous: -$13.3M-107.0%
Net Income

-$25.3M

Previous: -$209K-11995.2%
Operating Income

-$7.79M

Previous: -$7.69M-1.4%
Gross Profit

$1.96M

Previous: -$214K+1014.0%
Cash & Equivalents

$3.49M

Previous: $3.56M-1.8%
Total Assets

$213M

Previous: $178M+19.1%
Stock-Based Comp

$1.76M

No prior period

Revenue & EPS history

Aemetis · Revenue · Quarterly

$45.1M

Q2 2023-31.5%vs Q2 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

This news release contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts.

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 Q2 2023

Historical avgQ2 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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