Thursday, May 13, 2021

Danimer Scientific, Inc. (DNMR) Stock Prices Surge Despite Pending Class Action Lawsuits

Danimer Scientific, Inc. (DNMR) stock prices were up 13.06% shortly after the trading day commenced on April 26th, 2021, bringing the price per share up to USD$26.96.


5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored



Year-Over-Year Gains in Revenue

Because of higher demand and the increased PHA production capacity at DNMR’s Winchester facility, which was brought online in 2020, revenues increased year-over-year by a massive 46%. In their most recent financial reports, the company disclosed USD$47.3 million in revenue for the year ended December 31st, 2021.

Strong Financial Report


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Having netted USD$11.1 million in 2019, the company reported gross profits of USD$11.5 million in 2020; while adjusted gross profits increased year-over-year by 19% to USD$16.6 million. Of the USD$12.6 million reported as net loss, USD$4.3 million were costs associated with the transition to being a public company, such as transaction expenses and professional fee costs.

Scope of Existing Capital

The company reported USD$56.6 million in total debt outstanding as of December 31st 2020, with cash reserves of USD$377.6 million as of the same day. A significant portion of the cash reserves consisted of transaction net proceeds generated from the successful Danimer and Live Oak merger in December 2020.

Demand for Nodax PHA

Nodax PHA, the company’s flagship product, is a 100% biodegradable, renewable, and sustainable plant-based plastic, which uses canola oil as its primary feedstock. Demand for the company’s signature polymer remains consistent as blue chip multinational consumer packaging customers broaden their commitments. The rising demand justifies the company’s recent addition of their Winchester facility in order for them to collectively produce and deliver almost 315 million pounds of finished PHA product per annum.

Bainbridge Facility Upgraded

DNMR recently announced its plans to consolidate the anticipated capacity of its Bainbridge facility from 125 million finished pounds of PHA products per year to 250 million pounds. The facility is currently in the pre-construction engineering stage, with Q1 2022 being an estimated date for its construction to commence. It will begin production in two phases, with the first set of three fermenters anticipating operation by Q3 2023. The second set of three fermenters is planned to become operational by Q3 2024.

Future Outlook for DNMR

Given the development of facilities and massive increases in production capacities, investors are confident and hopeful that the increasing demands will meet the supply and be sold out. This means accelerated further growth for the company, as well as its shareholder value.

Latest news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

Related news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.