NASDAQ$AMTX

Aemetis Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Aemetis experienced revenue growth and gross profit improvement, driven by increased sales volumes at the India plant and higher ethanol prices.

Aemetis reported a revenue increase to $52.1 million for Q4 2019, compared to $38.8 million for Q4 2018. The company achieved a gross profit of $5.8 million, a significant improvement from the gross loss of $1.9 million in the same period of the previous year. Operating profit was $1.0 million, compared to an operating loss of $6.7 million for the fourth quarter of 2018.

  • Revenues increased to $52.1 million, up from $38.8 million year-over-year.
  • Gross profit reached $5.8 million, a substantial improvement from a $1.9 million loss in the prior year.
  • Operating profit was $1.0 million, compared to an operating loss of $6.7 million year-over-year.
  • Net loss attributable to Aemetis was $6.7 million, compared to a net loss of $11.4 million year-over-year.

Headline financials

Total Revenue

$52.1M

Previous: $38.8M+34.1%
EPS (adj)

-$0.33

Previous: -$0.52+36.5%
Ethanol Gallons Sold

16.6M

No prior period
Average Sales Price/Gallon

$1.82

No prior period
WDG Tons Sold

108.0K

No prior period
Average Sales Price/Ton (WDG)

$78.00

No prior period
Bushels Ground (Corn)

5.8M

No prior period
Average Delivered Cost/Bushel (Corn)

$5.02

No prior period
Biodiesel Metric Tons Sold

11.9K

No prior period
Average Sales Price/Metric Ton (Biodiesel)

$861.00

No prior period
Refined Glycerin Metric Tons Sold

1.2K

No prior period
Average Sales Price/Metric Ton (Glycerin)

$508.00

No prior period
Capital Expenditures

$3.53M

Previous: $1.58M+123.7%
Free Cash Flow

-$4.43M

Previous: -$3.73M-18.9%
Net Income

-$7.65M

Previous: -$12.3M+37.8%
Operating Income

$1.04M

Previous: -$6.75M+115.4%
Gross Profit

$5.79M

Previous: -$1.9M+405.4%
Cash & Equivalents

$656K

Previous: $1.19M-44.8%
Total Assets

$99.9M

Previous: $91.8M+8.8%
Stock-Based Comp

$144K

Previous: $198K-27.3%

Revenue & EPS history

Aemetis · Revenue · Quarterly

$52.1M

Q4 2019+34.1%vs Q4 2018
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 carbon reduction and revenue expansion projects to drive significant revenue increases and positive earnings.

Tailwinds

  • Completing the first phase of a $50+ million renewable natural gas project to collect and upgrade biogas.
  • Completion of the carbon dioxide capture system at our Keyes plant.
  • Solid progress toward commencing construction of our ultra-low carbon content California waste wood ethanol biorefinery.
  • Increase in revenue was primarily attributable to increases in the production and sales of biodiesel and glycerin in India.
  • Gross profit increase was attributable to higher quantity and margin from biodiesel sales in India.

Headwinds

  • Competition in the ethanol, biodiesel and other industries.
  • Commodity market risks including those that may result from current weather conditions.
  • Financial market risks.
  • Customer adoption.
  • Counter-party risks.

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 Q4 2019

Historical avgQ4 2019

-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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