NYSE$DNMRQ
Danimer Scientific Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Announced second quarter 2023 results, expanded portfolio with resins for protective films, shrink wrap & produce bags, and had Part 2 Application accepted for DoE Loan Guarantee.
Danimer Scientific's second quarter 2023 revenues grew to $12.9 million compared to $12.7 million in the year-ago quarter. The company's net loss for the quarter was $(39.2) million, compared to $(30.4) million in the prior year period.
- Revenues grew to $12.9 million in the second quarter of 2023, compared to $12.7 million in the year-ago quarter.
- Product revenue was $12.2 million, driven by stronger sales of PHA-based resins, which increased 10% compared to prior year and 69% sequentially.
- Net loss for the second quarter was $(39.2) million compared with $(30.4) million in the prior year period.
- Adjusted EBITDA in the second quarter of 2023 improved to $(10.2) million as compared to $(12.9) million in the second quarter of 2022.
Headline financials
Revenue & EPS history
Danimer Scientific · Revenue · Quarterly
$12.9M
Revenue by segment
Danimer Scientific · $12.9M total across 2 segments · Q2 2023
- Products$12.2M+5.2%94.6%
- Services$691K-38.7%5.4%
Forward guidance
The Company now believes that a bias toward the low end of its previously communicated range for 2023 full-year Adjusted EBITDA of $(23) million to $(31) million is prudent. The Company continues to anticipate full-year capital expenditures in the range of $26 million to $31 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 11 quarterly earnings reports · overlaid with Q2 2023
+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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