Sunday, August 1, 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.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

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

KLA Corporation (KLAC) announces new shipments of innovative device

Electronic manufacturing equipment manufacturer KLA Corporation (NASDAQ: KLAC) announced new shipments of its innovative device. It changes one of the major technological processes, and...

Novanta Inc. (NOVT) Acquires Schneider Electric Motion USA (SEM) For $115M Cash

Novanta Inc. (NASDAQ: NOVT) has acquired Schneider Electric Motion USA (SEM), a company that could contribute to its industrial automation development. Novanta Inc. (NOVT) purchased...

What Helped MannKind Corporation (MNKD) Stock Jump 11.6 Percent?

During the trading session on 28 June,2021 MannKind Corporation (NASDAQ: MNKD) advanced 11.60 percent to $5.31.This hike occurred as a result of recent efforts...

Identifying Value and Future Vision in Chewy Inc. (CHWY) Stock

Chewy Inc. (NYSE: CHWY), an online pet product retailer, recently introduced a new service, Connect With a Vet, featuring remote consultations with veterinarians. The...

Related news

KLA Corporation (KLAC) announces new shipments of innovative device

Electronic manufacturing equipment manufacturer KLA Corporation (NASDAQ: KLAC) announced new shipments of its innovative device. It changes one of the major technological processes, and...

Novanta Inc. (NOVT) Acquires Schneider Electric Motion USA (SEM) For $115M Cash

Novanta Inc. (NASDAQ: NOVT) has acquired Schneider Electric Motion USA (SEM), a company that could contribute to its industrial automation development. Novanta Inc. (NOVT) purchased...

What Helped MannKind Corporation (MNKD) Stock Jump 11.6 Percent?

During the trading session on 28 June,2021 MannKind Corporation (NASDAQ: MNKD) advanced 11.60 percent to $5.31.This hike occurred as a result of recent efforts...

Identifying Value and Future Vision in Chewy Inc. (CHWY) Stock

Chewy Inc. (NYSE: CHWY), an online pet product retailer, recently introduced a new service, Connect With a Vet, featuring remote consultations with veterinarians. The...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam