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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 (NYSE: DNMR), a leader in bioplastics, announced its participation in the Credit Suisse 35th Annual Specialties and Basics Conference in New York, NY, on September 14, 2022. The company focuses on sustainable biopolymers that are biodegradable and compostable. With over 430 patents across 20 countries, Danimer aims to reduce environmental pollution from plastic products. Their technology supports various applications, including films, coatings, and fibers, contributing to a cleaner planet.

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Danimer Scientific, Inc. (NYSE: DNMR) reported its Q2 2022 financial results, showing revenues of $12.7 million, an 85% increase in PHA-based product sales. However, the company faced a net loss of $30.4 million, coupled with decreased gross profit of $(2.2) million. Adjusted EBITDA also worsened to $(12.9) million from $(2.7) million year-over-year. Danimer maintained a cash balance of $140.4 million and total debt of $264.3 million. Looking ahead, it reaffirms its Adjusted EBITDA outlook for 2022 between $(45) million and $(35) million.

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Danimer Scientific (NYSE: DNMR) will announce its second quarter 2022 financial results on August 9, 2022, following market closure. A conference call and webcast will take place at 5:00 p.m. Eastern time to discuss these results and related events. The live presentation will be available on the Company's Investor Relations website, with a replay accessible afterward. Danimer specializes in biodegradable materials, holding over 430 patents globally. The Company remains focused on sustainable biopolymer innovations.

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Danimer Scientific (NYSE: DNMR) has been invited to submit a Part II application for a loan guarantee under the U.S. Department of Energy's Title XVII Loan Guarantee Program. This invitation indicates that the project meets technical eligibility requirements. If successful, the funding will support Danimer's Greenfield expansion in Bainbridge and a new plant in the Gulf States region. However, the company warns that there is no guarantee of receiving the loan guarantee, as it depends on the DOE's further evaluation and negotiation process.

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Danimer Scientific, Inc. (NYSE: DNMR) reported a 12% increase in total revenues for Q1 2022, reaching $14.7 million, driven by nearly doubling PHA-based product sales. However, gross profit dipped to $(1.3) million from $1.5 million a year earlier. Adjusted EBITDA fell to $(10.6) million due to increased operating costs and R&D expenses. The company projects a challenging year ahead with an expected Adjusted EBITDA range of $(45) million to $(35) million for 2022. Despite these hurdles, Danimer remains focused on scaling production and improving profitability from PHA-based products.

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Danimer Scientific (NYSE: DNMR) and Kemira have announced a multi-year license and supply agreement to commercialize biobased barrier coatings for paper and board products. This agreement expands their previous collaboration and targets food and beverage applications across North America, South America, Europe, the Middle East, and Africa. The dispersion barrier market, currently valued at EUR 500 million, is projected to grow by 10% annually. The coatings utilize Danimer's PHA biopolymer, offering a sustainable alternative to traditional plastics and addressing environmental concerns.

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Danimer Scientific (NYSE: DNMR) will release its Q1 2022 financial results on May 10, 2022, after market close. A conference call is scheduled for 5:00 p.m. Eastern time that same day to discuss the results and recent events. The call will be accessible via the Company’s Investor Relations website or by phone. Danimer is known for creating biodegradable materials and holds over 430 patents in this field. The company emphasizes its commitment to sustainability and innovative bioplastics.

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Danimer Scientific (NYSE: DNMR) has appointed Anthony Austin as Chief Human Resource Officer, bringing over 30 years of HR experience from industry giants like PepsiCo and Delta Air Lines. His role will emphasize developing HR processes to support Danimer's growth and expanding manufacturing capacity. Austin's previous position at Bedrock Manufacturing Co. involved leadership in HR strategy and talent management. CEO Stephen E. Croskrey highlighted Austin's expertise as pivotal for scaling operations in response to increasing demand for biodegradable materials.

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Danimer Scientific (NYSE: DNMR) reported preliminary financial results for Q4 and 2021, highlighting a 47% revenue increase to $17.7 million in Q4, driven by PHA product sales which grew significantly. However, the company faced a net loss of $12.4 million in Q4, influenced by a $21.3 million non-cash gain from warrant remeasurement. Full year revenues reached $58.7 million, with a net loss of $60.1 million. Management anticipates improved production efficiencies in 2022, especially at its Kentucky facility, which should enhance EBITDA performance moving forward.

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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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