Aemetis Q2 Loss Narrows to $9.4M, Revenue Misses but Operating Income Beats
AMTX sits 23% above its 52-week low of $1.3.
Summary
Aemetis reported Q2 revenue of $62.7M, up 20% YoY but below the $69.5M consensus. Net loss narrowed sharply to $9.37M from a year ago, beating estimates by $8.5M, driven by $8.6M in Section 45Z tax credits and a 38% jump in dairy RNG volumes. Operating income swung to $5.77M, far above the $412K consensus. The company expects to commission two more dairy digesters in Q3 and is pursuing financing for its Keyes plant and an India subsidiary IPO. This follows a Q1 where going-concern doubts were reiterated; the improved profitability and tax credit recognition provide a tangible offset. The stock closed at $1.55, with a $22 analyst target, leaving room for repricing if execution continues.
At the time of this announcement, AMTX was trading at $1.61 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $109.1M. The 52-week trading range was $1.30 to $3.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.