Earnings release
Page 1
External Investor Relations Contact : Kirin Smith PCG Advisory Group ( 646 ) 863-6519 ksmith@pcgadvisory.com AEMETIS Investor Relations / Media Contact : Todd Waltz ( 408 ) 213-0940 investors@aemetis.com Aemetis , Inc. Reports Third Quarter 2021 Financial Results CUPERTINO , Calif . - November 11 , 2021 - Aemetis , Inc. ( NASDAQ : AMTX ) , an advanced renewable fuels and biochemicals company , today announced its financial results for the three and nine months ended September 30 , 2021 . " Revenues from North America sales in the third quarter of 2021 increased 50.4 % compared to the third quarter of 2020 as economic recovery from COVID - 19 continues to create increased demand for liquid transportation fuels along with its associated stronger pricing , " said Todd Waltz , Chief Financial Officer of Aemetis . " North America revenues during the third quarter of 2021 increased to $ 49.8 million compared to $ 33.1 million during the third quarter of 2020. Capital expenditures for ultra - low carbon projects were $ 18.8 million for the first nine months of 2021 as our engineering and construction teams moved forward with the initiatives outlined in our previously announced Five Year Plan , " added Waltz . " We are pleased with the milestones accomplished during the third quarter of 2021 , including commencing construction of the next phase of dairy digesters , building the biogas cleanup facility and work on the utility gas pipeline interconnect that was mechanically completed today , " said Eric McAfee , Chairman and CEO of Aemetis . " The Aemetis Biogas RNG project received a permit from Stanislaus County to construct approximately 20 miles of pipeline using County roads , as well as selecting the contractor who is now installing the biogas pipeline . We also received a drilling study from Baker Hughes confirming the feasibility of injecting CO2 emissions for sequestration in the unique shale formations that extend under our two biofuels plant sites in California . We invite investors to review the updated Aemetis Corporate Presentation and the Aemetis Investor Presentation on the Aemetis home page prior to the earnings call . " Today , Aemetis will host an earnings review call at 11:00 a.m. Pacific time ( PT ) .