NASDAQ$AMTX

Aemetis Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a decrease in revenue due to delays in India operations and lower ethanol production in North America, resulting in a gross loss. However, SG&A expenses were reduced.

Aemetis reported a decrease in revenue for Q4 2020, primarily due to delays in India biodiesel tender process and temporarily lower ethanol production in North America. The company faced a gross loss due to decreased ethanol prices and increased corn costs. Despite challenges, Aemetis focused on carbon intensity reduction projects and made progress towards the Carbon Zero integrated biorefinery.

  • Revenues for Q4 2020 were $37.3 million, compared to $52.1 million for Q4 2019.
  • Gross loss for Q4 2020 was $3.4 million, compared to a gross profit of $5.8 million in Q4 2019.
  • Operating loss was $7.7 million for Q4 2020, compared to operating income of $1.0 million in Q4 2019.
  • Net loss was $14.6 million for Q4 2020, compared to a net loss of $7.7 million in Q4 2019.

Headline financials

Total Revenue

$37.3M

Previous: $52.1M-28.4%
EPS (adj)

-$0.67

Previous: -$0.33-103.0%
Capital Expenditures

$4.42M

Previous: $3.53M+25.4%
Free Cash Flow

-$9M

Previous: -$4.43M-102.9%
Net Income

-$14.6M

Previous: -$7.65M-90.5%
Operating Income

-$7.74M

Previous: $1.04M-844.6%
Gross Profit

-$3.37M

Previous: $5.79M-158.2%
Cash & Equivalents

$592K

Previous: $656K-9.8%
Total Assets

$125M

Previous: $99.9M+25.3%
Stock-Based Comp

$169K

Previous: $144K+17.4%

Revenue & EPS history

Aemetis · Revenue · Quarterly

$37.3M

Q4 2020-28.4%vs Q4 2019
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 looks forward to building on the success in 2021 as the company completes additional important milestones in dairy RNG, Renewable Jet and Diesel Fuel, India biodiesel government contracts, and Ethanol margin improvements from carbon intensity reduction, and continue to implement the Five Year Plan.

Tailwinds

  • Completing additional milestones in dairy RNG projects
  • Advancing Renewable Jet and Diesel Fuel initiatives
  • Fulfilling India biodiesel government contracts
  • Improving Ethanol margins through carbon intensity reduction
  • Continuing to implement the Five Year Plan

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 2020

Historical avgQ4 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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