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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US:NASDAQ Investor Relations:
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
- Aemetis, Inc. (NASDAQ: AMTX) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $28.00 price target on the stock.MarketBeat
- Analyst Estimates: Here's What Brokers Think Of Aemetis, Inc. (NASDAQ:AMTX) After Its Third-Quarter Report [Yahoo! Finance]Yahoo! Finance
- Sustainable Aviation Fuel (SAF) Market to Grow by USD 5.3 Billion (2024-2028), Boosted by Favorable Policies, Report on Market Evolution Powered by AI - Technavio [Yahoo! Finance]Yahoo! Finance
- Aemetis Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Aemetis Inc (AMTX) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst Challenges [Yahoo! Finance]Yahoo! Finance
AMTX
Earnings
- 11/12/24 - Beat
AMTX
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- AMTX's page on the SEC website