Danimer Scientific (Danimer Scientific) Gross Margin % : -58.22% (As of Dec. 2023)

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What is Danimer Scientific Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Danimer Scientific's Gross Profit for the three months ended in Dec. 2023 was $-6.37 Mil. Danimer Scientific's Revenue for the three months ended in Dec. 2023 was $10.95 Mil. Therefore, Danimer Scientific's Gross Margin % for the quarter that ended in Dec. 2023 was -58.22%.

The historical rank and industry rank for Danimer Scientific's Gross Margin % or its related term are showing as below:

DNMR' s Gross Margin % Range Over the Past 10 Years
Min: -57.75 Med: 1.5 Max: 34.34
Current: -57.75

During the past 5 years, the highest Gross Margin % of Danimer Scientific was 34.34%. The lowest was -57.75%. And the median was 1.50%.

DNMR's Gross Margin % is ranked worse than
99.6% of 1509 companies
in the Chemicals industry
Industry Median: 22.31 vs DNMR: -57.75

Danimer Scientific had a gross margin of -58.22% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Danimer Scientific was 0.00% per year.

Danimer Scientific Gross Margin % Historical Data

The historical data trend for Danimer Scientific's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Danimer Scientific Gross Margin % Chart

Danimer Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

34.34

24.21

1.50

-19.57

-57.75

Danimer Scientific Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial												-17.63	-52.68	-51.05	-70.67	-58.22

Competitive Comparison of Danimer Scientific's Gross Margin %

For the Specialty Chemicals subindustry, Danimer Scientific's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Danimer Scientific's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Danimer Scientific's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Danimer Scientific's Gross Margin % falls into.

Danimer Scientific Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Danimer Scientific's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-27	/	46.684
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(46.684 - 73.644)	/	46.684
	=	-57.75 %

Danimer Scientific's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-6.4	/	10.945
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.945 - 17.317)	/	10.945
	=	-58.22 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Danimer Scientific (NYSE:DNMR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Danimer Scientific had a gross margin of -58.22% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Danimer Scientific Gross Margin % Related Terms

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Danimer Scientific (Danimer Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Danimer Scientific Inc (NYSE:DNMR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

6CU:Germany

Address

140 Industrial Boulevard, Bainbridge, GA, USA, 39817

Website

https://www.danimerscientific.com

Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are 100% biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. The company holds more than 470 patents and pending patent applications in nearly 20 countries for a range of manufacturing processes and biopolymer formulations.

Executives

Richard J Hendrix	director	1300 NORTH 17TH STREET, ARLINGTON VA 22209
Scott Tuten	officer: Chief Marketing Officer	286 DOE RUN DRIVE, CAIRO GA 39828
Gregory W. Hunt	director	730 5TH AVENUE, NEW YORK NY 10019
Allison Leopold Tilley	director	1300 NORTH 17TH STREET, ARLINGTON VA 22209
Cynthia R Cohen	director	1401 BRICKELL AVENUE, SUITE 640, C/O STRATEGIC MINDSHARE, MIAMI FL 33131
John P Amboian	director
Michael A Hajost	officer: Chief Financial Officer	C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612-4662
Stephen Croskrey	director, officer: CEO & Chairman of the Board	C/O ARMOR HOLDINGS INC, 1400 MARSH LANDING PARKWAY SUITE 112, JACKSONVILLE FL 32250
Stuart W Pratt	director	303 CONGRESS STREET, BOSTON MA 02210
Van Trump Phillip D	officer: Chief Technology Officer	1466 NORTH DECATUR ROAD, ATLANTA GA 30306
Philip Gregory Calhoun	director	2100 WHITES BRIDGE ROAD, COLQUITT GA 39837
Isao Noda	director	1568 HUNTER ROAD, FAIRFIELD OH 45914
Michael Eric Smith	officer: Chief Operating Officer	2208 WYNDHAM WAY, BAINBRIDGE GA 39819
Christy A Basco	director	206 WINDING HOLLOW LANE, COPPELL TX 75019
Wunderlich Gary Kent Jr	10 percent owner, officer: President, other: President	CLO B. RILEY FINANCIAL, INC.,, 21255 BURBANK BLVD., SUITE 400, WOODLAND CA 91367