Aemetis FY2022 revenue up 21% to $257M but net loss widens to $107.8M

AEMETIS, INC

Revenue $257M (+21% YoY); Q4 revenue $66.7M vs $64.4M.
FY2022 net loss $107.8M vs $47.1M; Q4 net loss $22.4M vs $0.9M loss.
Gross loss of $5.5M for FY2022 vs gross profit $7.9M in 2021 due to corn cost spike.
Ethanol selling price fell to $2.65/gal in Q4 2022 from $3.36/gal in Q4 2021.
Capital expenditures $49.5M for carbon reduction projects; closed up to $125M in new credit facilities.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AEMETIS, INC reported three and twelve months ended December 31, 2022 results: revenue $66.7 million, net income Net loss was $22.4 million.

Period: three and twelve months ended December 31, 2022
Revenue: $66.7 million
Net income: Net loss was $22.4 million
Result: reported results

Exact text from the filing

and details on the call, please visit http://www.aemetis.com/investors/conference-calls/ Financial Results for the Three Months Ended December 31, 2022 Revenues were $66.7 million for the fourth quarter of 2022, compared to $64.4 million for the fourth quarter of 2021. The selling price of ethanol decreased from $3.36 per gallon during the fourth quarter

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Source: SEC EDGAR

accession 0001437749-23-005871

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