Aemetis, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 07, 2024 at 06:26 am EST
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Aemetis, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 70.76 million compared to USD 66.73 million a year ago. Net loss was USD 25.44 million compared to USD 22.41 million a year ago. Basic loss per share from continuing operations was USD 0.64 compared to USD 0.63 a year ago. Diluted loss per share from continuing operations was USD 0.64 compared to USD 0.63 a year ago.
For the full year, sales was USD 186.72 million compared to USD 256.51 million a year ago. Net loss was USD 46.42 million compared to USD 107.76 million a year ago. Basic loss per share from continuing operations was USD 1.22 compared to USD 3.12 a year ago. Diluted loss per share from continuing operations was USD 1.22 compared to USD 3.12 a year ago.
Aemetis, Inc. is a renewable natural gas and renewable fuels company. It is focused on the acquisition, development and commercialization of technologies that replace petroleum-based products and reduce greenhouse gas emissions. Its segments include California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. California Ethanol segment includes the Companyâs 65 million gallon per year ethanol plant in Keyes, California. California Dairy Renewable Natural Gas segment is engaged in the production and sale of renewable natural gas and associated environmental attributes, consisting of anaerobic digesters located at diaries, at 36-mile biogas collection pipeline, and biogas upgrading hub and pipeline interconnect that produces Renewable Natural Gas from the biogas. India Biodiesel segment includes the Companyâs 60 million gallon per year nameplate capacity biodiesel manufacturing plant in Kakinada India, and administrative offices in Hyderabad, India.
AEMETIS, INC. 
