Overview
Aemetis Q3 revenue of $59.2 mln misses analyst expectations
Net loss for Q3 widens to $23.7 mln, missing analyst estimates
Company signs $30 mln MVR system deal to boost cash flow by $32 mln annually
Outlook
Aemetis expects MVR system to add $32 mln to annual cash flow
Company plans to sell $20 mln of tax credits
Aemetis' India subsidiary targets IPO in 2026
Result Drivers
INDIA ORDERS - Revenue increase driven by orders from India Oil Marketing Companies and stronger ethanol prices/volumes
BIOGAS CONTRIBUTION - 12 operating digesters generated 114,000 MMBtu and $4 M revenue
MVR SYSTEM INVESTMENT - Agreement to build $30 mln MVR system expected to increase cash flow by $32 mln annually
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $59.19 mln | $90.90 mln (5 Analysts) |
Q3 Net Income | Miss | -$23.75 mln | -$13.50 mln (5 Analysts) |
Q3 Operating Income | Miss | -$8.51 mln | $3.29 mln (5 Analysts) |
Q3 Pretax Profit | Miss | -$23.74 mln | -$11.60 mln (5 Analysts) |
Q3 Gross Profit | -$58,000 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable fuels peer group is "hold."
Wall Street's median 12-month price target for Aemetis Inc is $3.00, about 31.3% above its November 5 closing price of $2.06
Press Release: ID:nGNX2bd3Bj
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)