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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.

Danimer Scientific, Inc. (DNMR) is a leading innovator in the bioplastics industry, specializing in the production of sustainable and renewable biopolymers. Located in Bainbridge, Georgia, Danimer is at the forefront of developing biodegradable and compostable polymers, notably Polyhydroxyalkanoates (PHA) under the proprietary brand name, Nodax.

This innovative company transforms natural, renewable resources, such as cold-pressed canola oil, into high-performance bioplastics. These bioplastics match or surpass the quality and cost-effectiveness of traditional petroleum-based plastics, offering a greener alternative that reduces environmental impact.

Danimer's products are capable of biodegrading in environments such as soil, freshwater, and marine waters, thereby helping to combat plastic pollution. The company's technology is utilized in a broad range of applications, including additives, aqueous coatings, fibers, filaments, films, and injection-molded articles.

Beyond its core business of biopolymer production, Danimer also provides specialty toll manufacturing services. This includes access to state-of-the-art production equipment, advanced laboratories, comprehensive material handling and logistics, and a team of experienced, trained personnel.

The company's operations are not confined to the United States, although it remains the primary market. Danimer also has a significant presence in Europe, including Germany, Poland, and Belgium.

Danimer's continuous efforts in innovation and sustainability have earned it numerous partnerships with global brands looking to incorporate environmentally responsible materials into their products. With a commitment to reducing the world's reliance on non-renewable resources, Danimer is paving the way towards a more sustainable future.

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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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Danimer Scientific expands collaboration with Chevron Phillips Chemical to explore high-volume polymer applications using Rinnovo™ materials.
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FAQ

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

The current stock price of Danimer Scientific (DNMR) is $3.05 as of December 20, 2024.

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

The market cap of Danimer Scientific (DNMR) is approximately 9.5M.

What does Danimer Scientific, Inc. do?

Danimer Scientific specializes in producing sustainable and biodegradable biopolymers from renewable resources, notably PHA under the Nodax brand.

Where is Danimer Scientific located?

Danimer Scientific is headquartered in Bainbridge, Georgia, USA.

What are Danimer Scientific's bioplastics made from?

Danimer's bioplastics are made from renewable natural resources such as cold-pressed canola oil.

What are the applications of Danimer's biopolymers?

Danimer's biopolymers are used in additives, aqueous coatings, fibers, filaments, films, and injection-molded articles.

Are Danimer's products biodegradable?

Yes, Danimer's products are designed to biodegrade in various environments including soil, freshwater, and marine waters.

Does Danimer Scientific operate internationally?

Yes, while the majority of its revenue is generated in the United States, Danimer also operates in countries like Germany, Poland, and Belgium.

What is the Nodax brand?

Nodax is Danimer Scientific's proprietary brand for their PHA biopolymers, which are biodegradable and compostable.

What additional services does Danimer offer?

In addition to biopolymer production, Danimer offers specialty toll manufacturing services with access to state-of-the-art equipment and facilities.

Who are Danimer's customers?

Danimer partners with global brands that are looking to integrate environmentally responsible materials into their products.

What makes Danimer’s bioplastics cost-effective?

Danimer’s bioplastics are cost-effective because they are produced using scalable and durable world-class production systems, ensuring competitive pricing and performance.

Danimer Scientific, Inc.

NYSE:DNMR

DNMR Rankings

DNMR Stock Data

9.54M
2.74M
16.85%
Specialty Chemicals
Plastic Materials, Synth Resins & Nonvulcan Elastomers
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United States of America
BAINBRIDGE