Aemetis: Low Cash Reserves With An Uphill Battle To Secure More Financing [Seeking Alpha]
Aemetis, Inc (AMTX)
Last aemetis, inc earnings: 11/8 04:01 pm
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aemetis.com/investors
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Source: Seeking Alpha
Play 9min Summary Rising debt and $11.7 million in interest expenses increase concerns about the company's ability to service obligations without securing part of the $234 million mixed shelf offering. Aemetis reported a $13.6 million operating loss in Q2 2024 with just $0.23 million in cash reserves. I anticipate liquidity challenges will persist in the near term. Ethanol prices dropped from $3.12 to $1.99 per gallon in the past year, and biodiesel production fell by 20%. This will continue pressuring profitability. I believe securing additional financing will be difficult, given weak financials and ongoing operational losses. Without financing, long-term viability remains questionable, motivating my Sell rating for this stock. BanksPhotos/E+ via Getty Images Aemetis, Inc. ( NASDAQ: AMTX ) has experienced a significant share price decline of over 55% over the past 12 months. Many investors are now wondering if the company will be able to make a turnaround, given th
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AMTX
News
- California Can Reduce Gasoline Prices by Adopting E-15 Ethanol BlendGlobeNewswire
- Lignocellulosic Feedstock-Based Biofuel Market to Grow by USD 33.6 Billion (2024-2028) as Non-Cropland Use Boosts Revenue, AI Powered Report- Technavio [Yahoo! Finance]Yahoo! Finance
- Aemetis, Inc. (NASDAQ:AMTX): When Will It Breakeven? [Yahoo! Finance]Yahoo! Finance
- Aemetis, Inc. (NASDAQ: AMTX) had its price target lowered by analysts at Ascendiant Capital Markets from $20.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Renewable Fuel Market to Grow by USD 66.7 Million (2024-2028), Driven by Waste-to-Energy Tech Adoption, How AI is Transforming the Market - Technavio Report [Yahoo! Finance]Yahoo! Finance
AMTX
Earnings
- 8/1/24 - Miss
AMTX
Sec Filings
- 8/9/24 - Form S-3
- 8/5/24 - Form 10-Q
- 8/1/24 - Form 8-K
- AMTX's page on the SEC website