EarningsPHA revenues were below expectations as supplier diversification at Starbucks was not sufficiently offset by ramping volumes from other customers.
Financial PerformanceLiquidity issue needs to be rectified before 10K, as going concern language triggers a default of the company's senior secured term loan, which in turn triggers a default of the rest of the company's debt.
OutlookAnalyst downgrades DNMR to Hold from Buy and lowers the price target to $1.00 from $2.00, given a more cautious outlook on the volume ramp in Kentucky.