Overview

* Aemetis ( AMTX ) Q3 revenue of $59.2 mln misses analyst expectations

* Net loss for Q3 widens to $23.7 mln, missing analyst estimates

* Company signs $30 mln MVR system deal to boost cash flow by $32 mln annually

Outlook

* Aemetis ( AMTX ) expects MVR system to add $32 mln to annual cash flow

* Company plans to sell $20 mln of tax credits

* Aemetis' ( AMTX ) India subsidiary targets IPO in 2026

Result Drivers

* INDIA ORDERS - Revenue increase driven by orders from India Oil Marketing Companies and stronger ethanol prices/volumes

* BIOGAS CONTRIBUTION - 12 operating digesters generated 114,000 MMBtu and $4 M revenue

* MVR SYSTEM INVESTMENT - Agreement to build $30 mln MVR system expected to increase cash flow by $32 mln annually

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $59.19 $90.90

Revenue mln mln (5

Analysts

)

Q3 Net Miss -$23.75 -$13.50

Income mln mln (5

Analysts

)

Q3 Miss -$8.51 $3.29

Operatin mln mln (5

g Income Analysts

)

Q3 Miss -$23.74 -$11.60

Pretax mln mln (5

Profit Analysts

)

Q3 Gross -$58,000

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the renewable fuels peer group is "hold."

* Wall Street's median 12-month price target for Aemetis Inc ( AMTX ) is $3.00, about 31.3% above its November 5 closing price of $2.06

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)