Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Timothy Simon was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • May 01
Aemetis, Inc. to Report Q1, 2026 Results on May 07, 2026 Aemetis, Inc. announced that they will report Q1, 2026 results on May 07, 2026 Annuncio • Apr 08
Aemetis, Inc., Annual General Meeting, May 20, 2026 Aemetis, Inc., Annual General Meeting, May 20, 2026. Location: wilkie farr & ga lagher llp, 1801 page mil road, ca 94304, palo alto United States Annuncio • Mar 13
Aemetis, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2025 Aemetis, Inc. reported impairment charges for the fourth quarter ended December 31, 2025. For the period, the company reported impairment of intangible assets of $43,000. Annuncio • Mar 07
Aemetis, Inc. to Report Q4, 2025 Results on Mar 12, 2026 Aemetis, Inc. announced that they will report Q4, 2025 results on Mar 12, 2026 Annuncio • Dec 04
Aemetis Receives Authority to Construct Air Permits for MVR Project At California Ethanol Plant Aemetis, Inc. announced that the Authority To Construct air permits have been issued by the San Joaquin Valley Air Pollution Control District for the mechanical vapor recompression (MVR) energy efficiency project at the Aemetis 65 million gallon per year ethanol plant in Keyes, California. The MVR project is expected to increase cash flow from operations at the Keyes ethanol plant by $32 million per year after the completion of construction in mid-2026 from energy cost reductions, increased income from Low Carbon Fuel Standard credits, and an increase in transferable Section 45Z tax credits. The MVR project has received approximately $19.7 million in grants and tax credits from the California Energy Commission, Pacific Gas & Electric, and the U.S. Internal Revenue Service through Section 48C investment tax credits. Project completion is scheduled for Second Quarter 2026 and, once operational, the MVR system is projected to: Reduce natural gas usage at the Keyes plant by approximately 80%; Generate an estimated increase of $32 million of annual cash flow from operations; Deliver a double-digit reduction in the carbon intensity of the plant’s fuel ethanol, increasing the number of California LCFS credits generated. Increase the value of transferable Section 45Z production tax credits. The MVR system strengthens Aemetis’ ethanol operations by combining energy efficiency, carbon intensity reduction, and increased cash from operations while capturing value from favorable regulatory frameworks, including rising LCFS credit prices, Section 45Z tax credits, and the adoption of E15 gasoline blends in California. Annuncio • Oct 31
Aemetis, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Aemetis, Inc. announced that they will report Q3, 2025 results on Nov 06, 2025 Annuncio • Jun 29
Aemetis Biogas Receives CARB Approval for Seven RNG Pathways Aemetis, Inc. announced that the California Air Resources Board (CARB) has approved provisional pathways under the Low Carbon Fuel Standard (LCFS) for seven dairy digesters built and operated by Aemetis Biogas, a subsidiary of the Company. The pathway approvals are effective as of January 1, 2025. The average carbon intensity for the seven approved pathways is -384, with carbon intensities ranging from -327 to -419. With the LCFS first quarter reporting deadline of June 30, 2025, the January 1, 2025, effective date of the new pathways enables Aemetis to immediately obtain the increased LCFS credit quantity for its RNG produced in the first quarter of 2025. Aemetis renewable energy and energy efficiency projects include the construction of new dairy digesters expected to generate more than 1 million MMBtu per year of renewable natural gas; the Keyes ethanol plant mechanical vapor recompression system that is expected to generate $32 million of increased annual cash flow starting in 2026; the Riverbank carbon sequestration project to inject 1.4 million tons per year of CO2 per year underground; and the 78 million gallon per year sustainable aviation fuel and renewable diesel plant that has already received Authority To Construct air permits and other key approvals. Annuncio • May 05
Aemetis, Inc. to Report Q1, 2025 Results on May 08, 2025 Aemetis, Inc. announced that they will report Q1, 2025 results on May 08, 2025 Annuncio • Apr 03
Aemetis, Inc., Annual General Meeting, May 14, 2025 Aemetis, Inc., Annual General Meeting, May 14, 2025. Location: a&o shearman llp, 1460 el camino real, floor 2, menlo park, ca 94025, United States Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Timothy Simon was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2024 earnings released: US$0.38 loss per share (vs US$0.79 profit in 3Q 2023) Third quarter 2024 results: US$0.38 loss per share (down from US$0.79 profit in 3Q 2023). Revenue: US$81.4m (up 19% from 3Q 2023). Net loss: US$17.9m (down 158% from profit in 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Annuncio • Nov 06
Aemetis, Inc. to Report Q3, 2024 Results on Nov 12, 2024 Aemetis, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024 Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Timothy Simon was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Aug 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$14m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Negative equity (-US$249m). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Significant insider selling over the past 3 months (€166k sold). Reported Earnings • Aug 02
Second quarter 2024 earnings released: US$0.66 loss per share (vs US$0.68 loss in 2Q 2023) Second quarter 2024 results: US$0.66 loss per share. Revenue: US$66.6m (up 48% from 2Q 2023). Net loss: US$29.2m (loss widened 15% from 2Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 37% growth forecast for the Oil and Gas industry in Germany. Annuncio • Jul 26
Aemetis, Inc. to Report Q2, 2024 Results on Aug 01, 2024 Aemetis, Inc. announced that they will report Q2, 2024 results on Aug 01, 2024 Annuncio • May 05
Aemetis, Inc. to Report Q1, 2024 Results on May 09, 2024 Aemetis, Inc. announced that they will report Q1, 2024 results on May 09, 2024 Annuncio • May 01
Aemetis, Inc., Annual General Meeting, May 29, 2024 Aemetis, Inc., Annual General Meeting, May 29, 2024, at 13:00 Pacific Standard Time. Location: Shearman & Sterling LLP, 1460 El Camino Real, Floor 2 , Menlo Park, CA 94025 Menlo Park United States Agenda: To consider and elect Naomi L. Boness and Timothy A. Simon as lass III Directors, each to hold office for a three-year term, until their successors are duly elected and qualified; to consider and ratify the appointment of RSM US LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve an amendment to our Delaware Certificate of Incorporation to reduce the number of authorized preferred shares; and, to approve an amendment to our Delaware Certificate of Incorporation to provide officer exculpation. Annuncio • Mar 16
Aemetis, Inc. announced delayed annual 10-K filing On 03/15/2024, Aemetis, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Breakeven Date Change • Mar 08
Forecast breakeven date pushed back to 2026 The 5 analysts covering Aemetis previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$36.9m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule. Reported Earnings • Mar 08
Full year 2023 earnings released: US$1.22 loss per share (vs US$3.12 loss in FY 2022) Full year 2023 results: US$1.22 loss per share (improved from US$3.12 loss in FY 2022). Revenue: US$186.7m (down 27% from FY 2022). Net loss: US$46.4m (loss narrowed 57% from FY 2022). Revenue is forecast to grow 33% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Annuncio • Mar 02
Aemetis, Inc. to Report Q4, 2023 Results on Mar 07, 2024 Aemetis, Inc. announced that they will report Q4, 2023 results on Mar 07, 2024 Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: US$0.79 (vs US$1.92 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.79 (up from US$1.92 loss in 3Q 2022). Revenue: US$68.7m (down 4.4% from 3Q 2022). Net income: US$30.7m (up US$97.6m from 3Q 2022). Profit margin: 45% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Annuncio • Nov 03
Aemetis, Inc. to Report Q3, 2023 Results on Nov 09, 2023 Aemetis, Inc. announced that they will report Q3, 2023 results on Nov 09, 2023 Recent Insider Transactions • Sep 14
Independent Director recently sold €79k worth of stock On the 12th of September, Naomi Boness sold around 15k shares on-market at roughly €5.26 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €154k more than they bought in the last 12 months. Annuncio • Aug 29
Aemetis, Inc. Appoints J. Michael Rockett as Executive Vice President, General Counsel and Corporate Secretary Aemetis, Inc. has appointed J. Michael Rockett as Executive Vice President, General Counsel and Corporate Secretary, effective immediately. Mr. Rockett brings over 28 years of relevant experience to the company. Prior to joining Aemetis, he was Vice President, General Counsel, and Corporate Secretary of InEnTec Inc., a developer of technology and facilities to convert waste into renewable fuels and chemical products. Mr. Rockett was formerly an attorney at the law firm of Pillsbury Winthrop Shaw Pittman LLP in San Francisco, and a Trial Attorney in the Environment and Natural Resources Division of the United States Department of Justice in Washington D.C. and San Francisco. He obtained his law degree, magna cum laude, from Lewis and Clark College and a Bachelor of Arts in Economics from Dartmouth College. Between college and law school, Mr. Rockett worked as an economist at a consulting firm providing services to energy companies. Annuncio • Jul 29
Aemetis, Inc. to Report Q2, 2023 Results on Aug 03, 2023 Aemetis, Inc. announced that they will report Q2, 2023 results on Aug 03, 2023 Annuncio • May 26
Aemetis, Inc. Resumes Operations at 65 MGY California Biofuel Plant After Completing Extensive Maintenance and Upgrades Aemetis, Inc. announced the re-start of production at the 65 million gallon per year capacity Keyes, California ethanol plant after completing the most extensive maintenance and system upgrades in the 12 years of facility operations. Energy efficiency, zero carbon solar energy, electric ethanol dehydration, and DCS system upgrades to the Aemetis Keyes biofuels plant are supported by $16.7 million of grants awarded to Aemetis by the California Energy Commission and Pacific Gas & Electric. Reported Earnings • May 05
First quarter 2023 earnings released: US$0.72 loss per share (vs US$0.54 loss in 1Q 2022) First quarter 2023 results: US$0.72 loss per share (further deteriorated from US$0.54 loss in 1Q 2022). Revenue: US$2.15m (down 96% from 1Q 2022). Net loss: US$26.4m (loss widened 44% from 1Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Breakeven Date Change • Apr 13
Forecast breakeven date pushed back to 2025 The 5 analysts covering Aemetis previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 90% per year to 2024. The company is expected to make a profit of US$49.4m in 2025. Average annual earnings growth of 64% is required to achieve expected profit on schedule. Reported Earnings • Mar 10
Full year 2022 earnings released: US$3.12 loss per share (vs US$1.54 loss in FY 2021) Full year 2022 results: US$3.12 loss per share (further deteriorated from US$1.54 loss in FY 2021). Revenue: US$256.5m (up 21% from FY 2021). Net loss: US$107.8m (loss widened 129% from FY 2021). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 83% per year, which means it is well ahead of earnings. Annuncio • Feb 01
Aemetis Biogas Accepts Digesters, 36 mile Pipeline and RNG Upgrade Facility as Placed In Service and Fully Operational Aemetis, Inc. announced that after completing construction, testing, and commissioning, the company has accepted into service 36 miles of additional biogas pipeline; two biogas digesters, the Biogas-to-Renewable Natural Gas upgrading facility, and the utility gas pipeline interconnection unit. Two additional dairy digesters will be commissioned and operating in February, with another dairy digester fully operational in March. Four dairy digesters, approximately 40 miles of biogas pipeline, the central biogas-to-RNG facility and the utility pipeline injection unit are now completed and fully operational, with three more dairy digesters beginning production in February and March. Aemetis RNG is being sold into the PG&E utility gas pipeline and will be stored underground until Aemetis Biogas receives approval from the California Air Resources Board (CARB) for the issuance of credits under the Low Carbon Fuel Standard (LCFS). The RNG production data collection required for CARB’s Pathway approval process has been completed, and applications will be submitted in February for CARB review and approval. The Aemetis pressurized pipeline conveys conditioned, pressurized biogas from dairy digesters to the Company’s centralized gas cleanup facility and the Pacific Gas & Electric (PG&E) interconnection unit to inject RNG into the gas utility pipeline. The RNG is used as a negative carbon intensity transportation fuel primarily to replace diesel in trucks and buses. The initial four-mile Phase 1 pipeline project was completed and commissioned in the third quarter of 2020 in conjunction with the completion of the Company’s first two dairy digesters. The pipeline project and the $12 million biogas cleanup facility are funded in part by a $4.2 million grant from the California Energy Commission and a $5 million grant from the CPUC RNG Pipeline Interconnection Incentive Program. Aemetis recently announced the closing of $25 million of 20-year financing with Greater Commercial Lending (GCL) which provides loans to businesses and organizations in under-served and rural communities. This long-term project financing was guaranteed by the U.S. Department of Agriculture (USDA) through the Rural Energy for America Program (REAP) and carries approximately a 6% fixed interest rate for the first five years. About 25% of the methane emissions in California are emitted from dairy waste lagoons. When fully built, the Aemetis biogas project plans to connect dairy digesters spanning approximately 60 dairy farms, capturing more than 1.65 MMBtu of dairy methane each year. The project is designed to reduce greenhouse gas emissions equivalent to an estimated 6.8 million metric tonnes of carbon dioxide over ten years. Reported Earnings • Nov 05
Third quarter 2022 earnings released: US$2.01 loss per share (vs US$0.55 loss in 3Q 2021) Third quarter 2022 results: US$2.01 loss per share (further deteriorated from US$0.55 loss in 3Q 2021). Revenue: US$71.8m (up 44% from 3Q 2021). Net loss: US$69.8m (loss widened 297% from 3Q 2021). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 99% per year, which means it is well ahead of earnings. Annuncio • Oct 06
American Power Group and Aemetis Biogas Conduct Multiple California Demonstrations of American Power Group's V6000 Low-Carbon Dual Fuel Solution for Class 8 Trucks American Power Group Corporation and Aemetis, Inc. demonstrated APG's V6000 Low-Carbon Dual Fuel Solution last week in California for multiple truck fleet owners and operators who transport various products for Aemetis and other businesses in the region. In addition, the group presented to several regulatory agencies and policy makers in Sacramento. Based on existing and anticipated fleet interest, APG's 2014 Freightliner CA125 Cascadia day cab equipped with a Cummins ISX 15L diesel engine will be available for demo at Aemetis's Keyes, California renewable fuel production facility for the foreseeable future. Reported Earnings • Aug 12
Second quarter 2022 earnings released: US$0.006 loss per share (vs US$0.34 loss in 2Q 2021) Second quarter 2022 results: US$0.006 loss per share (up from US$0.34 loss in 2Q 2021). Revenue: US$65.9m (up 20% from 2Q 2021). Net loss: US$209.0k (loss narrowed 98% from 2Q 2021). Over the next year, revenue is forecast to grow 29%, compared to a 43% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 13
Aemetis, Inc. announced delayed 10-Q filing On 05/12/2022, Aemetis, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annuncio • Apr 07
Aemetis, Inc., Annual General Meeting, May 26, 2022 Aemetis, Inc., Annual General Meeting, May 26, 2022, at 13:00 Pacific Standard Time. Location: Shearman & Sterling LLP 1460 El Camino Real, Floor 2 Menlo Park California United States Agenda: To elect eric a. mcafee and francis p. barton, as class i directors, to hold office for a three-year term, until their successors are duly elected and qualified; to ratify the appointment of rsm us llp as our independent registered public accounting firm for the fiscal year ending december 31, 2022; and to hold a non-binding advisory vote to approve our executive compensation, as disclosed in this proxy statement pursuant to the compensation disclosure rules of the u.s. securities and exchange commission; and to transact other matterd. Breakeven Date Change • Apr 02
Forecast breakeven date pushed back to 2024 The 6 analysts covering Aemetis previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 43% per year to 2023. The company is expected to make a profit of US$30.0m in 2024. Average annual earnings growth of 58% is required to achieve expected profit on schedule. Recent Insider Transactions • Mar 21
Independent Director recently sold €386k worth of stock On the 14th of March, John Block sold around 35k shares on-market at roughly €11.03 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$1.54 loss per share (up from US$1.75 loss in FY 2020). Revenue: US$211.9m (up 28% from FY 2020). Net loss: US$47.1m (loss widened 29% from FY 2020). Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 16%, compared to a 61% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 164% per year, which means it is well ahead of earnings. Reported Earnings • Nov 13
Third quarter 2021 earnings released: US$0.55 loss per share (vs US$0.59 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$49.9m (up 22% from 3Q 2020). Net loss: US$17.6m (loss widened 44% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 183% per year, which means it is well ahead of earnings. Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The 6 analysts covering Aemetis expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$26.9m in 2023. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Recent Insider Transactions • Sep 18
Executive VP & COO recently sold €102k worth of stock On the 15th of September, Andrew Foster sold around 9k shares on-market at roughly €11.92 per share. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Reported Earnings • Aug 13
Second quarter 2021 earnings released: US$0.34 loss per share (vs US$0.11 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$54.9m (up 15% from 2Q 2020). Net loss: US$10.6m (down US$12.7m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 107% per year, which means it is well ahead of earnings. Annuncio • Jun 05
Aemetis Present the Aemetis Corporate Presentation, Serve on the “Future of Energy” Panel Aemetis, Inc. accepted an invitation to present the Aemetis corporate presentation, serve on the “Future of Energy” panel, and hold one-on-one meetings with institutional investors at the Stifel Virtual Cross Sector Insight Conference on June 10, 2021. The presentation will focus on -426 carbon intensity dairy renewable natural gas, renewable jet/diesel fuel using renewable oils hydrotreated with negative carbon intensity hydrogen from waste wood, and the ethanol plant efficiency upgrades that Aemetis is completing to maximize value from the California Low Carbon Fuel Standard, the federal Renewable Fuel Standard, and the IRS 45Q carbon re-use and sequestration tax credit. McAfee’s presentation will feature underground carbon sequestration without the need for long range pipelines for the 52-dairy Aemetis Central Dairy Biogas Project, the Aemetis ethanol plant, and the Aemetis Carbon Zero 1 renewable jet and diesel plant. The Aemetis Carbon Zero jet and diesel plant design commercializes patented technology exclusive to Aemetis for the production of renewable jet fuel and renewable diesel for aviation and commercial truck markets. The Aemetis “Carbon Zero 1” plant has a planned capacity of 45 million gallons per year in phase I to be operational in 2023, expanding to 90 million gallons per year by 2025. The plant is being built at the 142-acre Riverbank Industrial Complex, a former US Army ammunitions plant in Riverbank, California. Annuncio • May 21
Aemetis Notified of US Forest Service Grant for Patented Process Enabling Use of Waste Wood for the ‘Carbon Zero’ Jet/Diesel Plant Aemetis, Inc. has been notified of a grant from the U.S. Forest Service toward the commercialization of a patented process that extracts cellulosic sugars from waste orchard wood, waste forest wood, and other biomass. The sugars from waste wood could potentially be used to produce high value cellulosic ethanol at the existing 65 million gallon per year Aemetis ethanol plant, while the remaining lignin material is expected to be used in the production of negative carbon intensity, cellulosic hydrogen for use in renewable jet and diesel production at the Aemetis Carbon Zero 1 plant being built in Riverbank, CA. The DOE Bioenergy Technology Office (BETO) has identified more than one billion tons per year of renewable, low carbon intensity, low cost, waste wood from forests, orchards and other biomass sources that can be used for biofuels and biochemicals production. The DOE has provided extensive funding for process technologies that convert this abundant, domestic feedstock source into renewable fuels, resulting in patented technologies such as the ionic liquids process developed by JBEI. The ionic liquids sugar extraction technology is exclusively licensed to Aemetis by the Joint BioEnergy Institute (JBEI) in Berkeley, California which receives significant funding from the U.S. Department of Energy (DOE). The Carbon Zero 1 biorefinery is scheduled to be completed and begin operations in 2023 with a capacity of 45 million gallons per year of renewable jet and diesel fuel, then double production capacity to 90 million gallons per year by 2025. Breakeven Date Change • May 17
Forecast breakeven moved forward to 2022 The 5 analysts covering Aemetis previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$2.00m in 2022. Average annual earnings growth of 109% is required to achieve expected profit on schedule. Reported Earnings • May 13
First quarter 2021 earnings released: US$0.69 loss per share (vs US$0.58 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$42.8m (up 8.4% from 1Q 2020). Net loss: US$18.1m (loss widened 50% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 72% per year, which means it is well ahead of earnings. Annuncio • Apr 30
Aemetis Achieves Major Project Milestone by Receiving Authority to Construct Permits for ‘Carbon Zero’ Renewable Fuels Plant Aemetis, Inc. announced that the company has received nineteen permits granting the Authority To Construct (ATC) from the San Joaquin Valley Air Pollution Control District related to the Aemetis ‘Carbon Zero’ renewable fuels project in Riverbank, California. Each permit states a specific set of equipment and the conditions for operation of each unit. The Carbon Zero biorefinery is scheduled to be completed and begin operations in year 2023, then double production capacity by year 2025. The project is supported by $17 million of grant funding from the California Energy Commission and the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA). Annuncio • Mar 18
Aemetis Receives Approval for 32 Mile Extension of Biogas Pipeline for Dairy RNG Project Aemetis, Inc. announced that by a unanimous vote the Stanislaus County Board of Supervisors accepted and approved the Aemetis Biogas Initial Study/Mitigated Negative Declaration for construction of a 32 mile extension to the existing Aemetis Biogas four mile private pipeline that was completed in 2020. The pipeline is designed to carry biogas from dairies as part of the Aemetis Central Dairy Digester Project, which is planned to span across the Stanislaus and Merced counties in Central California. The approval is necessary to meet the permitting requirements of the California Environmental Quality Act (CEQA) prior to pipeline construction and confirms that mitigation measures in the proposed project will avoid or mitigate any impacts on the environment. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue misses expectations Revenue missed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 41%, compared to a 36% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • Mar 12
Full year 2020 earnings released: US$1.75 loss per share (vs US$1.75 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$165.6m (down 18% from FY 2019). Net loss: US$36.7m (loss widened 2.6% from FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 89% per year, which means it is well ahead of earnings. Annuncio • Mar 10
Aemetis, Inc. to Report Q4, 2020 Results on Mar 11, 2021 Aemetis, Inc. announced that they will report Q4, 2020 results on Mar 11, 2021 Is New 90 Day High Low • Mar 02
New 90-day high: €13.00 The company is up 665% from its price of €1.70 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €89.89 per share. Annuncio • Jan 29
Aemetis Carbon Zero Plants Designed to Produce Renewable Jet Fuel Utilizing Renewable Hydrogen and Non-Edible Vegetable Oils Aemetis, Inc. announced that its “Carbon Zero” biofuels production plants are designed to produce biofuels, including renewable jet fuel utilizing renewable hydrogen and non-edible vegetable oils sourced from existing Aemetis biofuels plants and other sources. The Aemetis “Carbon Zero 1” plant in Riverbank, California is expected to utilize hydroelectric and other renewable power available onsite to produce 25 million gallons per year of jet fuel, renewable diesel, and other byproducts. The plant is expected to supply the aviation and truck markets with ultra-low carbon renewable fuels to reduce greenhouse gas emissions and other pollutants associated with conventional petroleum-based fuels. Aemetis Carbon Zero production plants commercialize patented technology exclusive to Aemetis utilizing agricultural and forest waste wood feedstocks. Carbon Zero plants are integrated with existing Aemetis production facilities to produce energy dense renewable fuels using renewable energy and below zero carbon intensity waste feedstocks. Carbon Zero production plants are designed to convert below zero carbon feedstocks and renewable energy into energy dense liquid renewable fuels. Aemetis expects that such renewable fuels, when used in jet engines and truck engines, will have a “below zero carbon” or “ultra-low carbon” greenhouse gas footprint across the entire lifecycle of the fuel, based on the Argonne National Laboratory’s GREET model, the pre-eminent science-based lifecycle analysis measurement tool. The Aemetis “Carbon Zero 1” plant and Keyes biorefinery renewable energy and energy efficiency upgrades include funding and other support from the California Energy Commission, the USDA, the US Forest Service, the California Department of Food and Agriculture, and the PG&E Energy Efficiency Program. Is New 90 Day High Low • Jan 26
New 90-day high: €8.30 The company is up 173% from its price of €3.04 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 61% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €61.80 per share. Annuncio • Nov 25
Aemetis Signs Distributor Agreement for Health Safety Products and Receives $24 Million Initial Purchase Order Aemetis, Inc. announced that its wholly-owned subsidiary, Aemetis Health Products, Inc., received a $24 million initial purchase order after signing a supply agreement for sanitizer alcohol and nitrile gloves with a California distributor that provides health safety products to the state of California as well as other governmental entities and large hospital chains throughout the U.S. To support the supply agreement and enable the expansion of the Aemetis Health Products business, Aemetis has negotiated the general terms of a new credit facility with its existing lender, which will be used solely for health safety product transactions. Reported Earnings • Nov 13
Third quarter 2020 earnings released: US$0.59 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$40.9m (down 29% from 3Q 2019). Net loss: US$12.2m (loss widened 93% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue misses expectations Revenue missed analyst estimates by 31%. Over the next year, revenue is forecast to grow 25%, compared to a 9.7% growth forecast for the Oil and Gas industry in Germany. Annuncio • Nov 07
Aemetis, Inc. to Report Q3, 2020 Results on Nov 12, 2020 Aemetis, Inc. announced that they will report Q3, 2020 results at 12:48 PM, GMT Standard Time on Nov 12, 2020 Is New 90 Day High Low • Oct 19
New 90-day high: €4.02 The company is up 454% from its price of €0.72 on 21 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 49% over the same period. Is New 90 Day High Low • Oct 02
New 90-day high: €3.12 The company is up 339% from its price of €0.71 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 54% over the same period. Annuncio • Sep 22
Aemetis Starts Production of Branded High-Grade Alcohol Sanitizer Products Aemetis, Inc. announced commencement of contracted production of hand sanitizer under its branded Aemetis Health Products label for sales to government, businesses and academic customers, as well as directly to consumers via the Amazon Marketplace. Aemetis hand sanitizer contains 70% alcohol (gel) or 80% alcohol (liquid) as the active ingredient, along with water and glycerin. Some other hand sanitizer products contain as little as 60% alcohol. Aemetis built and operates a large pharma-grade glycerin plant in India that has the capacity to produce the required amount of refined glycerin for approximately 350 million gallons per year of hand sanitizer. Annuncio • Aug 19
Aemetis Regains Compliance with NASDAQ Listing Requirements Aemetis, Inc. announced it received a letter from The NASDAQ Stock Market (“NASDAQ”) on August 11, 2020, which contained a NASDAQ compliance determination that the Company has regained compliance with NASDAQ Listing Rule 5450(b)(2)(C), which requires that listed securities maintain a minimum market value of publicly held shares of the Company’s common stock equal to or in excess of the $15,000,000 minimum. On August 12, 2020, Aemetis received a letter from NASDAQ confirming compliance with NASDAQ Listing Rule 5450(a)(1), which requires that listed securities maintain a closing bid price equal to or in excess of $1.00 per share. The NASDAQ letters noted that the Company’s common stock has maintained a closing bid price of at least $1.00 per share for 10 consecutive trading days as well as a minimum market value of publicly held shares of the Company’s common stock equal to or in excess of the $15,000,000 minimum for 10 consecutive trading days, enabling the Company to regain compliance with both NASDAQ Listing Rule 5450(a)(1) and 5450(b)(2)(C). Consequently, NASDAQ confirmed that both matters are now closed.