Danimer Historical Income Statement
| DNMR Stock | USD 6.50 0.50 8.33% |
Historical analysis of Danimer Scientific income statement accounts such as Tax Provision of 287.7 K or Interest Income of 377.9 K can show how well Danimer Scientific performed in making a profits. Evaluating Danimer Scientific income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Danimer Scientific's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Danimer Scientific latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Danimer Scientific is a good buy for the upcoming year.
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About Danimer Income Statement Analysis
Danimer Scientific Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Danimer Scientific shareholders. The income statement also shows Danimer investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Danimer Scientific Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Danimer Scientific generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Danimer Scientific. It is also known as Danimer Scientific overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Danimer Scientific's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Danimer Scientific current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danimer Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Danimer Stock, please use our How to Invest in Danimer Scientific guide.At this time, Danimer Scientific's Interest Expense is relatively stable compared to the past year. As of 11/30/2024, Income Tax Expense is likely to grow to about 334.9 K, though Net Loss is likely to grow to (153.7 M).
| 2023 | 2024 (projected) | Depreciation And Amortization | 29.1M | 15.8M | Interest Income | 399.1K | 377.9K |
Danimer Scientific income statement Correlations
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Danimer Scientific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Danimer Scientific income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.5M | 2.4M | 763K | 112.3M | 129.1M | 135.5M | |
| Ebit | (10.4M) | (14.9M) | (99.4M) | (123.6M) | (125.5M) | (119.2M) | |
| Net Income Applicable To Common Shares | (19.5M) | (12.6M) | (60.1M) | (179.8M) | (161.8M) | (153.7M) | |
| Income Tax Expense | 4.1M | 2.4M | (13.2M) | (810K) | 319K | 335.0K |
Pair Trading with Danimer Scientific
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Danimer Scientific position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Danimer Scientific will appreciate offsetting losses from the drop in the long position's value.Moving together with Danimer Stock
Moving against Danimer Stock
| 0.8 | WTTR | Select Energy Services | PairCorr |
| 0.79 | ECVT | Ecovyst Potential Growth | PairCorr |
| 0.79 | WDFC | WD 40 Company | PairCorr |
| 0.66 | ESI | Element Solutions | PairCorr |
| 0.45 | ALB | Albemarle Corp | PairCorr |
The ability to find closely correlated positions to Danimer Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danimer Scientific when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Danimer Scientific - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Danimer Scientific to buy it.
The correlation of Danimer Scientific is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Danimer Scientific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danimer Scientific moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Danimer Scientific can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Danimer Stock Analysis
When running Danimer Scientific's price analysis, check to measure Danimer Scientific's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Danimer Scientific is operating at the current time. Most of Danimer Scientific's value examination focuses on studying past and present price action to predict the probability of Danimer Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danimer Scientific's price. Additionally, you may evaluate how the addition of Danimer Scientific to your portfolios can decrease your overall portfolio volatility.