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Danimer Scientific Inc - DNMR STOCK NEWS

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

Overview of Danimer Scientific Inc

Danimer Scientific Inc (DNMR) operates in the advanced materials sector with a specialized focus on developing and manufacturing biodegradable and compostable polyhydroxyalkanoate (PHA) bioplastics. Utilizing renewable feedstocks such as cold pressed canola oil, the company crafts materials that not only match but often exceed the performance characteristics of traditional petroleum-based plastics. This innovative approach integrates environmental responsibility with industrial efficiency, making Danimer a significant contributor to sustainable material science.

Core Business and Production Capabilities

At the heart of Danimer Scientific Inc’s operations is the production of commercial-grade biopolymers designed for diverse applications including packaging, consumer goods, and industrial components. The company employs state-of-the-art production systems and cutting-edge laboratories to ensure high-quality manufacturing standards. Coupled with their toll manufacturing services, Danimer provides full-scale support, ranging from material handling and quality assurance to advanced logistics operations, which enables other companies to access their specialized production capabilities.

Technology and Process Innovation

Danimer’s technical expertise lies in transforming natural, renewable resources into high-performance bioplastics. The production process harnesses cold pressed canola oil to produce a specialized form of PHA that is not only 100% biodegradable but also fully compostable. This innovative conversion technology positions the company at a crucial nexus between sustainable resource management and high-demand commercial material production. The meticulous engineering behind their manufacturing process emphasizes scalability, durability, and cost-effectiveness, ensuring that their bioplastic offerings are competitive against conventional plastic alternatives.

Market Position and Industry Context

Operating within the broader biopolymers and sustainable materials market, Danimer Scientific Inc stands apart by addressing critical environmental challenges while meeting the robust performance criteria required for industrial applications. By offering renewable, high-quality bioplastic materials, the company caters to global brand owners and manufacturers looking to fulfill stringent environmental regulations and consumer demand for sustainable products. Danimer's operations serve as a practical solution at a time when reliance on nonrenewable, dwindling resources poses significant risks to traditional manufacturing paradigms.

Specialty Toll Manufacturing and Collaborative Services

The company’s toll manufacturing division further underscores its commitment to operational excellence. By providing comprehensive production services, including access to advanced equipment, laboratories, and experienced personnel, Danimer Scientific Inc enables partners to produce customized biopolymer solutions without the need to invest in costly infrastructure. This collaboration model not only leverages Danimer’s expertise but also extends its market reach as a facilitator of sustainable innovation.

Competitive Differentiation and Industry Relevance

Danimer Scientific Inc differentiates itself through its integrative approach that combines scientific rigor with practical manufacturing solutions. The company’s commitment to environmentally responsible production methods, backed by a robust technical foundation, places it favorably within the sustainable materials landscape. Their ability to produce bioplastics that rival or exceed the performance of petroleum-based alternatives while ensuring complete biodegradability demonstrates a compelling case for long-term relevance in an industry transitioning toward eco-friendly practices.

Concluding Insights

For investors and industry stakeholders, Danimer Scientific Inc represents a focused application of biopolymer technology that converges sustainability with competitive industrial performance. The company’s detailed attention to production innovation, operational efficiency, and service-oriented business model positions it as a noteworthy entity in the realm of advanced, renewable materials. Through its continuous efforts in technology and scalable manufacturing, Danimer remains a practical embodiment of how sustainable practices can be harmonized with high production standards to address essential market demands.

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.
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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.
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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.
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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.
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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.
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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.
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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®.
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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.
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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.
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Danimer Scientific announces the commercialization of home compostable retail packaging for vegetables and fruit in partnership with BIOLO and Bolthouse Farms.
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FAQ

What is the current stock price of Danimer Scientific (DNMR)?

The current stock price of Danimer Scientific (DNMR) is $0.35 as of March 18, 2025.

What is the market cap of Danimer Scientific (DNMR)?

The market cap of Danimer Scientific (DNMR) is approximately 5.3M.

What is the primary business of Danimer Scientific Inc?

Danimer Scientific Inc specializes in producing biodegradable and compostable PHA bioplastics using renewable feedstocks. The company also offers toll manufacturing services to enable other businesses to access their advanced production technologies.

How does Danimer Scientific produce its bioplastics?

The company converts renewable natural resources, such as cold pressed canola oil, into commercial-grade PHA biopolymers through state-of-the-art production systems and advanced laboratory processes.

What are the benefits of Danimer Scientific's bioplastic products?

Danimer's bioplastics are designed to be 100% biodegradable and compostable while meeting or exceeding performance standards of conventional petroleum-based plastics. This ensures an environmentally responsible alternative without compromising material integrity.

In what way does Danimer Scientific support other companies?

Beyond manufacturing, Danimer offers specialty toll manufacturing services, providing access to its production equipment, laboratories, material handling, and experienced staff. This enables partner companies to produce customized biopolymer solutions.

How is Danimer Scientific positioned within the sustainable materials market?

Danimer operates in a niche market that addresses environmental challenges by replacing nonrenewable plastics with renewable, high-performance biopolymers, offering a scalable and cost-effective solution aligned with current sustainability trends.

What competitive advantages does Danimer Scientific offer?

The company’s competitive edge lies in its innovative production technology, scalable manufacturing processes, and dual service model that combines direct biopolymer production with comprehensive toll manufacturing support, all while ensuring high quality and environmental compliance.

What industries benefit from Danimer Scientific's products?

Various sectors, including packaging, consumer goods, and industrial applications, benefit from Danimer's products as they seek sustainable and durable material alternatives to traditional plastics.

How does Danimer Scientific contribute to environmental sustainability?

By producing 100% biodegradable and compostable bioplastics from renewable feedstocks, Danimer Scientific helps reduce reliance on fossil fuels and minimizes environmental impact, supporting a shift towards more sustainable manufacturing practices.
Danimer Scientific Inc

NYSE:DNMR

DNMR Rankings

DNMR Stock Data

5.28M
2.74M
9.26%
6.35%
16.37%
Specialty Chemicals
Plastic Materials, Synth Resins & Nonvulcan Elastomers
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United States
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