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Danimer Scientific (DNMR)
NYSE:DNMR
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$6.77Last Year’s EPS
-$15.6Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: -41.29%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted significant progress in partnerships and cost-saving initiatives, but these were overshadowed by declines in revenue, ongoing financial losses, and high debt levels, creating a challenging outlook.Company Guidance
During Danimer Scientific's Q3 2024 earnings call, several key metrics were highlighted. Total revenue for the third quarter was reported at $8.6 million, a decrease from $10.9 million in the same period the previous year. PHA-based resin sales made up $6.7 million of this revenue, marking a 22% decline primarily due to Starbucks' reallocation of straw resin business. The company posted a gross loss of $7.3 million, consistent with the prior year's quarter, and adjusted gross loss improved slightly to $2.3 million from $2.6 million. Adjusted EBITDA loss was $8.9 million, better than the $9.3 million loss in Q3 2023. With unrestricted cash at $22.2 million and a total debt balance of $387.9 million, the company maintained its focus on liquidity, implementing cost-saving measures exceeding $20 million since early 2022. Looking ahead, Danimer anticipates a full-year adjusted EBITDA loss between $34.4 million and $34.9 million, aligning with their previous guidance.Significant Cutlery Award Progress
Danimer's collaboration with a large global QSR chain is progressing well, with plans to phase out petroleum-based plastics in favor of biodegradable alternatives by the end of 2025. Orders for over 250,000 pounds of cutlery and film resin have been received, with deliveries already underway.
Expansion of Partnerships
Partnerships with Eagle Beverage, Delta Cafes, WinCup, and Mars Wrigley are progressing, including the launch of compostable Skittles bags and state-of-the-art facilities for PHA-based products.
Cost-Saving Initiatives
Run rate cost savings in excess of $20 million have been implemented since early 2022, including reductions in discretionary spending and employee headcount rationalization.
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DNMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DNMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $8.04 | $6.13 | -23.76% |
| Aug 08, 2024 | $18.48 | $16.27 | -11.96% |
| May 07, 2024 | $32.80 | $31.59 | -3.69% |
| Mar 28, 2024 | $43.60 | $42.00 | -3.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Danimer Scientific (DNMR) report earnings?
Danimer Scientific (DNMR) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Danimer Scientific (DNMR) earnings time?
Danimer Scientific (DNMR) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DNMR EPS forecast?
DNMR EPS forecast for the fiscal quarter 2024 (Q4) is -$6.77.
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