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Danimer Scientific Inc - DNMR STOCK NEWS

Welcome to our dedicated news page for Danimer Scientific (Ticker: DNMR), a resource for investors and traders seeking the latest updates and insights on Danimer Scientific.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Danimer Scientific's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Danimer Scientific's position in the market.

News
Danimer Scientific Announces $20 Million Asset-Based Revolving Credit Facility
Rhea-AI Summary
Danimer Scientific, a leading bioplastics company, secured a $20 million asset-based revolving credit facility with Mountain Ridge Capital. The credit agreement is backed by the company's accounts receivable and inventory, with potential for an additional $5 million increase. The facility provides flexibility for Danimer Scientific's future growth and operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.41%
Tags
none
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News
Danimer Scientific Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Danimer Scientific, Inc. (NYSE: DNMR) announces financial results for Q4 and full year 2023, with revenues of $10.9 million in Q4 and $46.7 million for the full year. Despite challenges, the company maintains a strong position in biodegradable plastics industry. Adjusted EBITDA for Q4 was $(10.7) million and $(39.0) million for the full year. The company issued FY24 guidance with an expected range of $(22) million to $(32) million for Adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
Tags
earnings
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News
Danimer Scientific Announces Closing of $15 Million Registered Direct Offering
Rhea-AI Summary
Danimer Scientific, Inc. (DNMR) successfully closed a registered direct offering, raising approximately $15 million through the sale of 15,000,000 shares of common stock at $1.00 per share. The offering included warrants to purchase an additional 15,000,000 shares at an exercise price of $1.33 per share, with Roth Capital Partners as the exclusive placement agent. The net proceeds will be used for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.63%
Tags
offering
News
Danimer Scientific Announces $15 Million Registered Direct Offering
Rhea-AI Summary
Danimer Scientific (DNMR) announces a registered direct offering of 15,000,000 shares of common stock at $1.00 per share with accompanying warrants. The offering aims to raise capital for the company's biodegradable materials development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.77%
Tags
offering
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News
Danimer Scientific Announces Preliminary Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Danimer Scientific (DNMR) reports an 11% increase in PHA revenue in Q4 2023, with expectations of a 60% increase in Q1 2024. The company anticipates becoming Adjusted EBITDA positive in early 2025. Preliminary results show total revenue of $10.9 million in Q4 2023 and $46.7 million for full-year 2023, with ending cash balance of $59.2 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
Danimer Scientific Announces Successful Expansion of Rinnovo® Demonstration Plant Capacity
Rhea-AI Summary
Danimer Scientific, Inc. (NYSE: DNMR) has completed the expansion of its Rochester, NY demonstration plant to facilitate partnership testing of Rinnovo® polymers, a unique type of PHA with enhanced properties. The plant's capacity has increased 20x, enabling the production of 20 tonnes annually. The expansion includes upgraded equipment for improved process efficiency and data collection.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
Tags
none
News
Danimer Scientific Receives Continued Listing Standard Notice from NYSE
Rhea-AI Summary
Danimer Scientific, Inc. (NYSE: DNMR) received a notice from the New York Stock Exchange that it is not currently in compliance with the NYSE’s continued listing standard requiring a minimum average closing price of $1.00 per share over a 30-day period. The Company intends to cure the stock price deficiency and return to compliance within a six-month period. The receipt of the Notice does not affect the Company’s business, operations, or reporting requirements with the Securities and Exchange Commission.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
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News
Danimer Scientific Announces New Directors
Rhea-AI Summary
Danimer Scientific, Inc. (NYSE: DNMR) appoints Dr. David Moody and Mr. Richard Altice to its Board of Directors. Dr. Moody brings over 30 years of experience in chemical and polymer-related businesses, while Mr. Altice has extensive experience in specialty chemicals and biopolymer industries. The Company aims to leverage their expertise to accelerate the growth of its proprietary biobased and biodegradable polymer, Nodax®.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
management
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News
Danimer Scientific Announces Third Quarter 2023 Results
Rhea-AI Summary
Danimer Scientific, Inc. (NYSE: DNMR) announced a 58% growth in PHA-Based Product Revenue compared to the prior year, as well as bid awards issued for Nodax-Based Cutlery. However, the reduced guidance reflects changes in customer launches and timing of first shipments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.64%
Tags
earnings
News
Danimer Scientific Announces Release Date for Third Quarter 2023 Results
Rhea-AI Summary
Danimer Scientific, Inc. (NYSE: DNMR) will release its third quarter 2023 financial results on November 14, 2023, followed by a webcast and conference call to review the results and recent events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
earnings
Stock DNMR logo
Danimer Scientific Inc

NYSE:DNMR

DNMR Rankings

#4333 Ranked by Market Cap
#4589 Ranked by Stock Gains
N/A Ranked by Dividends

DNMR Stock Data

89.85M
91.59M
7.25%
31.04%
18.27%
Plastics Material and Resin Manufacturing
Manufacturing
Link
United States
Bainbridge

About DNMR

danimer scientific, producer of biopolymers in bainbridge, ga – manufactures pha bioplastics from renewable, natural resources. danimer plastics are 100% biodegradable and compostable, and equal or exceed petroleum-based plastic commodities for price and performance. danimer, formerly mhg (meredian holdings group), along with agrocrush, create bioplastic feedstock from cold pressed canola oil, enabling global brand owners to utilize environmentally responsible materials in products that consumers purchase every day. danimer makes commercial grade pha using world-class production systems, offering a scalable, durable, and cost effective material that reduces manufacturing dependence on non-renewable, diminishing resources. danimer also offers specialty toll manufacturing at their facility. danimer provides their state of the art production equipment, laboratories, material handling and logistics, as well as their fully trained and experienced staff to other companies.. danimer uses the