Aemetis Q2 2024 revenue up 48% to $66.6M; net loss widens to $29.2M

AEMETIS, INC

2024-Q2 EPS reported -$1.24 revenue$139,195,000

Q2 2024 revenue $66.6M (+48% YoY): California Ethanol $40.1M, India Biodiesel $28.8M, Dairy RNG $1.6M from 89,400 MMBtu.
Gross loss of $1.8M vs $2.0M profit in Q2 2023; operating loss $13.6M vs $7.8M; net loss $29.2M vs $25.3M.
Cash fell to $234K at June 30, 2024 from $2.7M at Dec 31, 2023; Q2 capital investments $5.4M.
Received $10.5M IRA tax credit for Mechanical Vapor Recompression system expected to cut Keyes plant gas usage ~80%.
Appointed new Managing Director/CEO for India biodiesel subsidiary; pursuing IPO of that subsidiary.

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