Earnings Season – 5 Companies remain strong in wild 2020

Aemetis reports adjusted EBITDA of $11.2M driven by sales of alcohol for hand sanitizer

In California, Aemetis, Inc., an advanced renewable fuels and biochemicals company, reported its financial results for the second quarter of 2020 which included significant announcements and financial achievements related principally to sales of high-grade alcohol, including a net income of $2.2 million.

These include:

• Gross Profit of $14.1 million
• Net Income of $2.2 million
• Adjusted EBITDA of $11.2 million
• Announced plans to produce US Pharmacopeia (USP) grade alcohol

“As the largest capacity high grade alcohol producer in the Western US,” McAfee stated, “Aemetis is implementing systems and equipment that we believe will enable us to produce USP grade alcohol in Q1 2021.  We are also developing expanded marketing channels in the US, Canada and other countries for the sale of bulk sanitizer alcohol, bulk blended liquid and gel sanitizer, along with private label and Aemetis-branded and packaged sanitizer products.”