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Danimer Scientific Announces Third Quarter 2024 Results [Yahoo! Finance]

Danimer Scientific, Inc. (DNMR) 
Company Research Source: Yahoo! Finance
BAINBRIDGE, Ga., November 19, 2024 BUSINESS WIRE )--Danimer Scientific, Inc. (NYSE: DNMR) ("Danimer" or the "Company"), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today financial results for its third quarter ended September 30, 2024. Richard N. Altice, Interim Chief Executive Officer of Danimer, commented, "We completed the third quarter in line with our expectations considering the temporary impact of Starbucks' reapportionment of their Nodax-based straw business between our converter partners. We believe these headwinds are behind us, and it is important to reiterate that we have retained 100% of this business. We remain on track to continue to grow our PHA business into fiscal 2025. "Our significant cutlery award continues to progress as we work toward the 20-million-pound annual run rate that we anticipate reaching in mid-2025. Consistent with the end customer's ramp plan, we have received ord Show less Read more
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