NYSE$DNMRQ
Danimer Scientific Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported a revenue increase driven by stronger demand and additional PHA production and a net loss that included a loss related to the revaluation of the Company’s private warrants.
Danimer Scientific reported a 24% increase in revenue to $13.2 million compared to Q1 2020, driven by stronger demand and additional PHA production. However, the company experienced a net loss of $94.7 million, which included an $80.7 million loss related to the revaluation of private warrants.
- Revenues increased 24% to $13.2 million, compared to the first quarter of 2020.
- PHA-based products represented 29% of total revenue compared to 2% in the first quarter of 2020.
- Net loss of $94.7 million included an $80.7 million loss related to the revaluation of the Company’s private warrants.
- The Winchester, Kentucky facility is currently producing and shipping PHA at a commercial scale.
Headline financials
Revenue & EPS history
Danimer Scientific · Revenue · Quarterly
$13.2M
Revenue by segment
Danimer Scientific · $13.2M total across 2 segments · Q1 2021
- Products$11M—83.6%
- Services$2.16M—16.4%
Forward guidance
The Company reiterates its expectation for increased PHA output after debottlenecking initiatives scheduled to be implemented during the second quarter of 2021, providing for increased product availability upon completion. The Company now expects full year capital expenditures to be in the range of $120 million to $145 million.
Tailwinds
- Increased PHA output expected after debottlenecking initiatives.
- Increased product availability upon completion of initiatives.
- Adjusted EBITDA and cash flow from operations to benefit in 2021.
- Expansion of production capacity.
- Sales growth.
Headwinds
- Accelerated investments in headcount and technology.
- Higher costs for construction materials.
- Loss on remeasurement of private warrants.
- Net loss of $94.7 million.
- Adjusted EBITDA loss of $2.3 million, compared to break even in the first quarter of 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 11 quarterly earnings reports
+1.1%
Avg return
Earnings day
+2.4%
Avg return
5 days after
-19.1%
Avg return
30 days after
58%
11 / 19 earnings
Positive
+26.3%
Q1 2023
Best reaction
-29.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2024 | +0.0% | +0.0% | +0.0% | |
| Q3 2024 | -29.0% | -36.3% | -69.3% | |
| Q2 2024 | -0.9% | -7.1% | -27.9% | |
| Q1 2024 | -3.7% | -1.9% | -28.2% | |
| Q4 2023 | +2.0% | -10.7% | -38.0% | |
| Q3 2023 | +2.0% | -2.8% | -16.7% | |
| Q2 2023 | -6.4% | -14.2% | -24.4% | |
| Q1 2023 | +26.3% | +27.0% | +3.1% | |
| Q4 2022 | +9.3% | +28.2% | +17.1% | |
| Q3 2022 | +3.7% | +23.2% | -14.9% | |
| Q2 2022 | +4.3% | +21.3% | -11.2% | |
| Q1 2022 | -3.6% | — | — | |
| Q4 2021 | +21.1% | — | — | |
| Q3 2021 | -18.0% | — | — | |
| Q2 2021 | -2.9% | — | — | |
| Q1 2021 | +12.0% | — | — | |
| Q4 2020 | +2.5% | — | — | |
| Q2 2020 | +2.5% | — | — | |
| Q3 2020 | +0.3% | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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