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Stock impact report

Danimer Scientific Announces First Quarter 2024 Results [Yahoo! Finance]

Danimer Scientific, Inc. (DNMR) 
Company Research Source: Yahoo! Finance
-- Previously Announced $20 Million Revolving Credit Facility Provides for Additional Liquidity – -- Previously Announced Proposed Pro-Rata Warrant Dividend Transaction -- BAINBRIDGE, Ga., May 07, 2024 BUSINESS WIRE )--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 first quarter ended March 31, 2024. Stephen E. Croskrey, Chairman and Chief Executive Officer of Danimer, commented, "We completed the first quarter in line with our expectations. However, we are facing near term headwinds into our second and possibly third quarters related to Starbucks reapportioning their Nodax-based straw business from one of our converter partners to another. The converter receiving the new business built significant inventory in anticipation of the award while the incumbent did not begin drawing down inventory until it Show less Read more
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