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Aemetis Q2 Earnings Call Highlights
['Tyrone Williams']
Daily Political
Net loss narrowed to $9.4 million from $23.4 million, while adjusted EBITDA improved to $9.7 million from negative $5.8 million.
The company subsequently received $17.6 million in net cash proceeds from sales of Section 45Z credits on July 9.
Even excluding the tax credits, Aemetis said gross profit improved by more than $8 million year over year to $13.8 million.
Aemetis currently operates 12 biogas digesters serving 15 dairies, with biogas transported through a 36-mile pipeline to its RNG production facility.
About Aemetis (NASDAQ:AMTX)Aemetis, Inc, headquartered in Cupertino, California, is a renewable fuels and renewable natural gas producer dedicated to decarbonizing the transportation sector.