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Stock impact report

Danimer Scientific Announces Preliminary Fourth Quarter and Full Year 2023 Results

Danimer Scientific, Inc. (DNMR) 
Company Research Source: Business Wire
-- PHA Revenue Up 11% Year-Over-Year in Fourth Quarter of 2023 ---- Previously Announced Cutlery Award Poised to Expand ---- PHA Revenue Increase of Approximately 60% Year-Over-Year Expected in First Quarter 2024 ---- Expects to Become Adjusted EBITDA Positive in Early 2025 ---- Announces Date for Fourth Quarter and Full Year 2023 Earnings Call -- BAINBRIDGE, Ga.--(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, today announced preliminary results for its fourth quarter and full year, ended December 31, 2023.Stephen E. Croskrey, Chairman and Chief Executive Officer of Danimer, commented, “We are pleased that we continued our trend of year-over-year PHA revenue growth in the fourth quarter. We expect this growth to accelerate in 2024 with increased volumes from our existing customer base as well as the addition of significant volumes Show less Read more
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