Aemetis, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:41 pm EST
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Aemetis, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 68.69 million compared to USD 71.83 million a year ago. Net income was USD 30.71 million compared to net loss of USD 66.85 million a year ago. Basic earnings per share from continuing operations was USD 0.79 compared to basic loss per share from continuing operations of USD 1.92 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to diluted loss per share from continuing operations of USD 1.92 a year ago.
For the nine months, sales was USD 115.95 million compared to USD 189.78 million a year ago. Net loss was USD 20.98 million compared to USD 85.35 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to USD 2.49 a year ago. Diluted loss per share from continuing operations was USD 0.56 compared to USD 2.49 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.