Thu, May 8, 2:44 PM (3 days ago)
**Aemetis, Inc. (AMTX) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $42.9M (down 41% YoY from $72.6M in Q1 2024). - **Gross Loss:** $5.1M (improved from $0.6M loss in Q1 2024). - **Operating Loss:** $15.6M (worsened from $9.5M in Q1 2024). - **Net Loss:** $24.5M (slightly improved from $24.2M in Q1 2024). - **Cash & Cash Equivalents:** $0.5M (down from $0.9M in Q1 2024). **Segment Performance:** - **California Ethanol:** Revenue $37.7M (up 4.6% YoY), Gross Loss $4.9M (improved). - **California Dairy RNG:** Revenue $2.4M (down 35.6% YoY), Gross Profit $0.3M (down 86.2% YoY). - **India Biodiesel:** Revenue $2.7M (down 91.8% YoY), Gross Loss $0.4M (down 115.8% YoY). **Cash Flow:** - **Operating Activities:** $0.2M (improved from -$10.3M in Q1 2024). - **Investing Activities:** -$1.8M (improved from -$1.7M in Q1 2024). - **Financing Activities:** $1.3M (down from $10.6M in Q1 2024). **Debt & Liquidity:** - **Total Debt:** $336.3M (down slightly from $338.1M in Q1 2024). - **Current Ratio:** 0.16 (down from 0.31 in Q1 2024). - **Significant debt obligations due in the next year:** $145.7M. **Uncertainties & Future Operations:** - **Debt Refinancing:** Aemetis needs to refinance or extend debt maturities to avoid potential liquidity issues. - **Operational Improvements:** Plans include energy efficiency projects, new dairy digesters, and pipeline extensions. - **Funding Strategies:** Aemetis will pursue equity sales, new debt, and government grants to improve liquidity. **Trends & Outlook:** - **Revenue Trends:** Decline in revenues due to pauses in biodiesel sales and lower RNG sales. - **Cost Management:** Focus on reducing costs and improving operational efficiencies. - **Market Risks:** Volatile input costs and product revenues require strategic investments and market adaptations. **Conclusion:** Aemetis faces significant financial challenges, including declining revenues and substantial debt obligations. The company is focusing on operational improvements and strategic funding to navigate these issues and improve its financial health.