DNMR

Danimer Scientific Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 28, 2024
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Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today financial results for its fourth quarter and full year, ended December 31, 2023.

Key Points: 
  • Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today financial results for its fourth quarter and full year, ended December 31, 2023.
  • Our recently completed equity offering transaction enhances our operational liquidity runway and should enable us to support this expected growth.”
    Fourth Quarter 2023 Financial Highlights:
    Revenues were $10.9 million in the fourth quarter of 2023 compared to revenue of $15.3 million in the fourth quarter of 2022.
  • Adjusted EBITDA was $(10.7) million in the fourth quarter of 2023 compared to $(8.6) million in the fourth quarter of 2022.
  • Upon dialing in, please request to join the Danimer Scientific Fourth Quarter 2023 Earnings Conference Call.

Danimer Scientific Announces Closing of $15 Million Registered Direct Offering

Retrieved on: 
Monday, March 25, 2024
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Roth Capital Partners acted as the exclusive placement agent for the offering.

Key Points: 
  • Roth Capital Partners acted as the exclusive placement agent for the offering.
  • The gross proceeds to the Company from the offering were approximately $15 million before deducting placement agent fees and other offering expenses payable by the Company.
  • The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.
  • A final prospectus supplement and accompanying prospectus relating to the registered direct offering were filed with the SEC.

Danimer Scientific Announces Preliminary Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 20, 2024
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Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced preliminary results for its fourth quarter and full year, ended December 31, 2023.

Key Points: 
  • Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced preliminary results for its fourth quarter and full year, ended December 31, 2023.
  • Preliminary Fourth Quarter 2023 Results:
    Preliminary total revenue was $10.9 million for the fourth quarter of 2023 compared to revenue of $15.3 million for the fourth quarter of 2022.
  • Preliminary Adjusted EBITDA was $(10.7) million for the fourth quarter of 2023 compared to $(8.6) million for the fourth quarter of 2022.
  • Upon dialing in, please request to join the Danimer Scientific Fourth Quarter 2023 Earnings Conference Call.

Danimer Scientific Announces $15 Million Registered Direct Offering

Retrieved on: 
Thursday, March 21, 2024
Research, Other Energy, Sustainability, Alternative Energy, Energy, Technology, Environment, Science, Nanotechnology, Chemicals, Plastics, Other Technology, Other Science, Manufacturing, Form, Suite, Prospectus, DNMR, Roth Capital Partners, Sale, Danimer Scientific, Security (finance)

The closing of the offering is expected to occur on or about March 25, 2024, subject to the satisfaction of customary closing conditions.

Key Points: 
  • The closing of the offering is expected to occur on or about March 25, 2024, subject to the satisfaction of customary closing conditions.
  • Roth Capital Partners is acting as the exclusive placement agent for the offering.
  • The gross proceeds to the Company from the offering are expected to be approximately $15 million before deducting placement agent fees and other offering expenses payable by the Company.
  • A final prospectus supplement and accompanying prospectus relating to the registered direct offering will be filed with the SEC.

Danimer Scientific Announces Successful Expansion of Rinnovo® Demonstration Plant Capacity

Retrieved on: 
Thursday, February 22, 2024
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When operated continuously, the expanded demonstration plant can produce 20 tonnes annually, which marks an approximate 20x scale up from the previous production capacity.

Key Points: 
  • When operated continuously, the expanded demonstration plant can produce 20 tonnes annually, which marks an approximate 20x scale up from the previous production capacity.
  • The demonstration plant also features enhanced controls and data collection that will support additional process condition testing and optimization of the commercial plant design.
  • Stephen E. Croskrey, Chief Executive Officer of Danimer, said, “We are thrilled to have the Rinnovo® demonstration plant expansion completed, allowing us to accelerate our efforts to gain offtake commitments for this exciting polymer platform.
  • Further, I would like to commend the entire Danimer team in Rochester for their efforts to bring the facility on line safely and within budget.”
    For more information on Danimer Scientific, visit www.DanimerScientific.com .

Danimer Scientific Receives Continued Listing Standard Notice from NYSE

Retrieved on: 
Monday, January 29, 2024
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The Notice does not result in the immediate delisting of the Company’s Common Stock from the NYSE.

Key Points: 
  • The Notice does not result in the immediate delisting of the Company’s Common Stock from the NYSE.
  • On January 26, 2024, the Company notified the NYSE that it intends to cure the stock price deficiency and return to compliance with the NYSE’s minimum share price standard within the six-month period following receipt of the Notice.
  • The Company’s Common Stock will continue to be listed and trade on the NYSE during this period, subject to its compliance with other NYSE continued listing standards.
  • The Company intends to consider all available options to cure its non-compliance with the NYSE minimum share price standard.

Danimer Scientific Announces New Directors

Retrieved on: 
Thursday, January 18, 2024
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Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading, next-generation bioplastics company focused on the production of biodegradable materials, is pleased to announce that Dr. David Moody and Mr. Richard Altice have been appointed as members of Danimer’s Board of Directors.

Key Points: 
  • Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading, next-generation bioplastics company focused on the production of biodegradable materials, is pleased to announce that Dr. David Moody and Mr. Richard Altice have been appointed as members of Danimer’s Board of Directors.
  • With these changes, Danimer’s Board will be comprised of eleven directors.
  • “We are honored to have David and Rich join our Board of Directors,” said Stephen Croskrey, Chief Executive Officer and Chairman of the Board.
  • We believe they bring the right mix of skills, perspectives, and industry-specific experience that will help Danimer execute its strategic plan and achieve its goals.”

Danimer Scientific Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023
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Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next-generation bioplastics company focused on the development and production of highly engineered biodegradable materials, today announced financial results for its third quarter, ended September 30, 2023.

Key Points: 
  • Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next-generation bioplastics company focused on the development and production of highly engineered biodegradable materials, today announced financial results for its third quarter, ended September 30, 2023.
  • Gross profit in the third quarter was $(7.7) million compared to $(4.1) million in the third quarter of 2022.
  • Adjusted EBITDA was $(9.3) million in the third quarter of 2023 compared to $(12.9) million in the third quarter of 2022.
  • Upon dialing in, please request to join the Danimer Scientific Third Quarter 2023 Earnings Conference Call.

Danimer Scientific Announces Release Date for Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
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Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading, next-generation bioplastics company focused on the development and production of biodegradable materials, announced today that the Company will release its third quarter 2023 financial results after the market closes on Tuesday November 14, 2023.

Key Points: 
  • Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading, next-generation bioplastics company focused on the development and production of biodegradable materials, announced today that the Company will release its third quarter 2023 financial results after the market closes on Tuesday November 14, 2023.
  • A webcast and conference call will be held that same day at 4:30 p.m. Eastern Time to review the Company’s third quarter results, discuss recent events and conduct a question and-answer session.
  • The live webcast of the conference will be accessible on the Investor Relations section of the Company’s website at https://ir.danimerscientific.com .
  • Upon dialing in, please request to join the Danimer Scientific Third Quarter 2023 Earnings Conference Call.

Danimer Scientific, BIOLO and Bolthouse Farms Announce Commercialization of Home Compostable Packaging for Fresh Produce with Meijer Stores

Retrieved on: 
Thursday, October 19, 2023
Packaging, Retail, Chemicals, Plastics, Environment, Manufacturing, Other Manufacturing, Food, Beverage, Danimer Scientific, Fruit, PHA, NYSE, TUV, DNMR, Certification, Science, Plant, Partnership, Love, Seed, Oil, Plastic, Agriculture, Vegetable, Grocery store, Bolthouse Farms, Meijer

Unlike traditional plastic, which can take centuries to degrade, Danimer’s PHA-based products can degrade in a matter of months under certain conditions.

Key Points: 
  • Unlike traditional plastic, which can take centuries to degrade, Danimer’s PHA-based products can degrade in a matter of months under certain conditions.
  • The Earthbound Farm Organic Mini Peeled Carrots bags are certified as home compostable by TUV, a globally recognized leader in independent product testing, inspection and certification.
  • “BIOLO’s successful launch of this product with Danimer Scientific, Bolthouse Farms and Meijer grocery stores represents a significant step forward for the packaging of retail vegetables and fruit, which have previously been packaged in traditional petroleum-based plastic bags,” said William F. Preston, CEO of BIOLO.
  • “We’re proud to be leading the charge toward a more sustainable future for the organic produce packaging market, and are grateful to Bolthouse, Meijer and Danimer, who partnered with us to make this possible.