secwatch.observer — SEC 8-K summary
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Issuer:     Danimer Scientific, Inc. (—)
CIK:        0001779020
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000950170-24-054457
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Danimer Q1 revenue $10.2M, loss continues; FY2024 EBITDA guidance at lower end of $(22)-$(32)M
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- Revenue $10.2M vs $11.9M YoY; PHA revenue up 64% ($3.2M), PLA down $4.3M from Ukraine conflict.
- Adjusted EBITDA $(8.7)M vs $(8.9)M YoY; full-year guidance now 'closer to lower end' of $(22)-$(32)M.
- Starbucks reapportioning Nodax straw business creates near-term Q2/Q3 headwinds; Danimer retains 100%.
- First commercial order received for 20-million-pound cutlery award; $20M ABL facility closed April 19.
- Proposed warrant dividend (1 per 3 shares) contingent on shareholder vote at July 9 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779020/000095017024054457/0000950170-24-054457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779020/000095017024054457/dnmr-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-054457

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