Danimer Scientific (NYSE:DNMR) First Quarter 2024 Results

Key Financial Results

• Revenue: US$10.2m (down 14% from 1Q 2023).

• Net loss: US$27.3m (loss narrowed by 26% from 1Q 2023).

• US$0.26 loss per share (improved from US$0.36 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Danimer Scientific EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) exceeded analyst estimates by 1.3%.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are up 7.1% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Danimer Scientific (at least 2 which can't be ignored), and understanding these should be part of your investment process.

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