Latest news with #Aemetis
Yahoo
27-06-2025
- Business
- Yahoo
Aemetis Biogas Receives CARB Approval for Seven RNG Pathways
Dairy Based Renewable Natural Gas from Seven Digesters Averages Negative 384 Carbon Intensity CUPERTINO, Calif., June 27, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company, announced today that the California Air Resources Board (CARB) has approved provisional pathways under the Low Carbon Fuel Standard (LCFS) for seven dairy digesters built and operated by Aemetis Biogas, a subsidiary of the Company. The pathway approvals are effective as of January 1, 2025. The average carbon intensity for the seven approved pathways is -384, with carbon intensities ranging from -327 to -419. 'The approval of seven LCFS pathways increases the number of LCFS credits generated by these digesters by approximately 100%,' stated Eric McAfee, Chairman and CEO of Aemetis. 'With eleven operating digesters and a four-dairy cluster digester currently being completed, we have additional pathway filings in process that we expect will be approved more quickly than these initial pathways once the LCFS regulatory amendments are adopted this year.' With the LCFS first quarter reporting deadline of June 30, 2025, the January 1, 2025, effective date of the new pathways enables Aemetis to immediately obtain the increased LCFS credit quantity for its RNG produced in the first quarter of 2025. Aemetis renewable energy and energy efficiency projects include the construction of new dairy digesters expected to generate more than 1 million MMBtu per year of renewable natural gas; the Keyes ethanol plant mechanical vapor recompression system that is expected to generate $32 million of increased annual cash flow starting in 2026; the Riverbank carbon sequestration project to inject 1.4 million tons per year of CO2 per year underground; and the 78 million gallon per year sustainable aviation fuel and renewable diesel plant that has already received Authority To Construct air permits and other key approvals. About Aemetis Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California that will use renewable hydrogen and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit Safe Harbor Statement This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2025 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, and carbon sequestration facilities; our ability to promote, develop, finance, and construct facilities to produce biogas, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as 'anticipates,' 'may,' 'will,' 'should,' 'believes,' 'estimates,' 'expects,' 'intends,' 'plans,' 'predicts,' 'projects,' 'showing signs,' 'targets,' 'view,' 'will likely result,' 'will continue' or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws. Company Investor RelationsMedia Contact:Todd Waltz(408) 213-0940investors@ External Investor RelationsContact:Kirin SmithPCG Advisory Group(646) 863-6519ksmith@
Yahoo
13-05-2025
- Business
- Yahoo
Why Is Aemetis Stock Trading Higher On Tuesday?
Aemetis, Inc. (NASDAQ:AMTX) on Tuesday announced a $27 million equipment agreement with Centuri Holdings, Inc. (NYSE:CTRI), marking a significant step forward in its renewable natural gas (RNG) infrastructure strategy. The agreement, made through Aemetis' subsidiary, Aemetis Biogas, will support the deployment of biogas cleanup systems across 15 dairy digesters in California's Central Valley. These installations are part of a larger initiative to produce RNG from 50 dairies already under contract. Aemetis underscored that its partnership with Centuri extends well beyond this initial equipment deal. According to Chairman and CEO Eric McAfee, Centuri will also provide construction management and pipeline assembly services for future energy efficiency and carbon reduction initiatives. McAfee pointed to Centuri's strong track record in executing large-scale industrial and pipeline infrastructure addition to the digester expansion, Aemetis is moving forward with several significant projects. These include scaling RNG production to exceed 1 million MMBtu annually and implementing a vapor recompression system at its Keyes ethanol facility, which is expected to boost annual cash flow by $32 million starting in 2026. The company is also advancing a carbon sequestration initiative capable of storing 1.4 million tons of CO₂ per year and a 78 million-gallon-per-year sustainable aviation fuel and renewable diesel plant. Further industrial-scale developments are being negotiated at the company's Riverbank site. Price Action: AMTX shares are trading higher by 7.39% to $1.525, and CTRI is up by 8.55% to $21.20 at the last check on Tuesday. Image via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Why Is Aemetis Stock Trading Higher On Tuesday? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Aemetis Reports First Quarter 2025 Financial Results
California Ethanol passes $2 billion cumulative revenue milestone. Aemetis Biogas increased sales by 10,100 MMBtu compared with same quarter last year Sales of investment tax credits resulted in cash proceeds of $19.0 million during Q1 2025. India Biodiesel received letters of intent in April for an aggregate of $31 million of biodiesel sales to OMCs for delivery in May, June and July of 2025. CUPERTINO, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace petroleum products and reduce greenhouse gas emissions, today announced its financial results for the three months ended March 31, 2025. 'Revenues during the first quarter of 2025 of $42.9 million reflect continued and strong execution by our California Ethanol and Dairy Renewable Natural Gas segments. After a pause in production and supply under the OMC contracts, our India Biodiesel segment is now approved to return to regular production levels,' said Todd Waltz, Chief Financial Officer of Aemetis. 'We look forward to substantial additional revenues when we receive the LCFS provisional pathway approvals that are expected to approximately double our LCFS revenues and receive the federal Inflation Reduction Act Section 45Z production tax credits,' added Waltz. 'We are pleased with the continued growth of Aemetis Biogas production and continued progress with building a large centralized dairy digester to process waste from four dairies that is expected to be operational in the next few months,' said Eric McAfee, Chairman and CEO of Aemetis. 'Our continued focus on significantly improving cash flow from our California Ethanol segment by replacing fossil natural gas with lower carbon electricity is now underway with the fabrication of the equipment for the mechanical vapor recompression project.' Today, Aemetis will host an earnings review call at 11:00 a.m. Pacific time (PT). Live Participant Dial In (Toll Free): +1-877-545-0523 entry code 761021Live Participant Dial In (International): +1-973-528-0016 entry code 761021Webcast URL: For details on the call, please visit Financial Results for the Three Months Ended March 31, 2025 Total revenues during the first quarter of 2025 were $42.9 million compared to $72.6 million for the first quarter of 2024. Delays with the receipt of contracts in India from the government-owned Oil Marketing Companies accounted for the decline in revenue. New OMC letters of intent for $31 million were issued in April 2025 and we started shipments in April. Our Keyes ethanol plant increased revenues by $1.7 million due principally to an increase in the average price of Ethanol from $1.79 during 2024 to $1.98 during the first quarter of 2025. Our Dairy Natural Gas segment sold 70,900 MMBtu of renewable natural gas, an increase of 10,100 MMBtu from the same quarter last year. Gross loss for the first quarter of 2025 was $5.1 million, compared to a $0.6 million loss during the first quarter of 2024. Selling, general and administrative expenses increased by $1.6 million to $10.5 million during the first quarter of 2025 compared to $8.9 million during the same period in 2024, driven primarily from legal and other transaction costs associated with receiving $18 million of cash proceeds from tax credit sales during the first quarter. Operating loss was $15.6 million for the first quarter of 2025, compared to operating loss of $9.5 million for the same period in 2024. Interest expense, excluding accretion of Series A preferred units in the Aemetis Biogas LLC subsidiary, increased to $13.7 million during the first quarter of 2025 compared to $10.5 million during the first quarter of 2024. Additionally, Aemetis Biogas recognized $2.3 million of accretion of Series A preferred units during the first quarter of 2025 compared to $3.3 million during the first quarter of 2024. Income tax expense included a benefit from the sale of $7.0 million of Investment Tax Credits during the first quarter of 2025. Net loss was $24.5 million for the first quarter of 2025, compared to net loss of $24.2 million for the first quarter of 2024. Cash at the end of the first quarter of 2025 was $500 thousand compared to $900 thousand at the close of the fourth quarter of 2024. We recorded investments in capital projects related to the reduction of the carbon intensity of Aemetis ethanol and construction of dairy digesters of $1.8 million for the first quarter of 2025. Additionally, payments of $15.4 million were applied to the repayment of debt during the first quarter. About Aemetis Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit Company Investor RelationsMedia Contact:Todd Waltz(408) 213-0940investors@ External Investor RelationsContact:Kirin SmithPCG Advisory Group(646) 863-6519ksmith@ NON-GAAP FINANCIAL INFORMATION We have provided non-GAAP measures as a supplement to financial results based on GAAP. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures is included in the accompanying supplemental data. Adjusted EBITDA is defined as net income/(loss) plus (to the extent deducted in calculating such net income) interest and amortization expense, income tax expense or benefit, accretion expense, depreciation expense, and share-based compensation expense. Adjusted EBITDA is not calculated in accordance with GAAP and should not be considered as an alternative to net income/(loss), operating income or any other performance measures derived in accordance with GAAP or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA is presented solely as a supplemental disclosure because management believes that it is a useful performance measure that is widely used within the industry in which we operate. In addition, management uses Adjusted EBITDA for reviewing financial results and for budgeting and planning purposes. EBITDA measures are not calculated in the same manner by all companies and, accordingly, may not be an appropriate measure for comparison. Safe Harbor Statement This news release contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements in this news release include, without limitation, statements relating to our five-year growth plan; trends in market conditions with respect to prices for inputs for our products versus prices for our products; our ability to fund, develop, build, maintain and operate digesters, facilities and pipelines for our Dairy Renewable Natural Gas segment; our ability to fund, develop and operate our Sustainable Aviation Fuel, Renewable Diesel, and Carbon Capture and Sequestration projects, including obtaining required permits; our ability to receive awarded grants by meeting all of the required conditions, including meeting the minimum contributions; our ability to fund, develop and operate our sustainable aviation fuel and renewable biodiesel projects; our intention to repurchase the Series A preferred units relating to our Aemetis Biogas subsidiary and the expected valuation premium thereof; and our ability to raise additional capital. Words or phrases such as 'anticipates,' 'may,' 'will,' 'should,' 'believes,' 'estimates,' 'expects,' 'intends,' 'plans,' 'predicts,' 'projects,' 'showing signs,' 'targets,' 'view,' 'will likely result,' 'will continue' or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filed documents. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws. (Tables follow) AEMETIS, INC. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (unaudited, in thousands, except per share data) For the three months ended March 31, 2025 2024 Revenues $ 42,886 $ 72,634 Cost of goods sold 47,966 73,246 Gross loss (5,080 ) (612 ) Selling, general and administrative expenses 10,475 8,850 Operating loss (15,555 ) (9,462 ) Other expense (income): Interest expense Interest rate expense 11,018 9,092 Debt related fees and amortization expense 2,675 1,421 Accretion and other expenses of Series A preferred units 2,279 3,311 Other (income) expense (215 ) 67 Loss before income taxes (31,312 ) (23,353 ) Income tax expense (benefit) (6,783 ) 878 Net loss $ (24,529 ) $ (24,231 ) Net loss per common share Basic $ (0.47 ) $ (0.58 ) Diluted $ (0.47 ) $ (0.58 ) Weighted average shares outstanding Basic 52,584 41,889 Diluted 52,584 41,889 AEMETIS, INC. CONSOLIDATED CONDENSED BALANCE SHEETS (in thousands) March 31, 2025 December 31, 2024 (Unaudited) Assets Current assets: Cash and cash equivalents $ 499 $ 898 Accounts receivable 1,043 1,805 Inventories 22,930 25,442 Tax credit sale receivable - 12,300 Prepaid and other current assets 4,021 4,251 Total current assets 28,493 44,696 Property, plant and equipment, net 199,435 199,392 Other assets 14,590 15,214 Total assets $ 242,518 $ 259,302 Liabilities and stockholders' deficit Current liabilities: Accounts payable $ 32,115 $ 33,139 Current portion of long term debt 93,669 63,745 Short term borrowings 25,878 26,789 Other current liabilities 22,939 20,295 Total current liabilities 174,601 143,968 Total long term liabilities 348,612 379,262 Stockholders' deficit: Common stock 54 51 Additional paid-in capital 313,075 305,329 Accumulated deficit (587,471 ) (562,942 ) Accumulated other comprehensive loss (6,353 ) (6,366 ) Total stockholders' deficit (280,695 ) (263,928 ) Total liabilities and stockholders' deficit $ 242,518 $ 259,302 AEMETIS, INC. RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME/(LOSS) (unaudited, in thousands) For the three months ended March 31, EBITDA Calculation 2025 2024 Net income (loss) $ (24,529 ) $ (24,231 ) Adjustments Interest and amortization expense 13,705 10,525 Depreciation expense 2,357 1,798 Accretion of Series A preferred units 2,279 3,311 Share-based compensation 2,308 2,969 Income tax expense (benefit) (6,783 ) 878 Total adjustments 13,866 19,481 Adjusted EBITDA $ (10,663 ) $ (4,750 ) AEMETIS, INC. PRODUCTION AND PRICE PERFORMANCE (unaudited) Three Months ended March 31, 2025 2024 California Ethanol Ethanol Gallons sold (in millions) 14.1 14.1 Average sales price/gallon $ 1.98 $ 1.79 Percent of nameplate capacity 103 % 103 % WDG Tons sold (in thousands) 93 94 Average sales price/ton $ 86 $ 98 Delivered Cost of Corn Bushels ground (in millions) 4.8 4.9 Average delivered cost / bushel $ 6.63 $ 6.33 California Dairy Renewable Natural Gas Renewable Natural Gas MMBtu sold (in thousands) 70.9 60.8 Average price per MMBtu $ 3.65 $ 4.02 MMBtu stored as inventory 33.1 46.8 RINs RINs sold (in thousands) 388.2 766.4 Average price per RIN $ 2.64 $ 3.08 LCFS LCFS credits sold (in thousands) 16.0 18.0 Average price per LCFS credit $ 72.50 $ 66.00 India Biodiesel Biodiesel Metric tons sold (in thousands) 0 27.5 Average Sales Price/Metric ton $ - $ 1,127 Percent of Nameplate Capacity 0 % 73.4 % Refined Glycerin Metric tons sold (in thousands) 0.0 2.4 Average Sales Price/Metric ton $ - $ 551 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
Aemetis to Review First Quarter 2025 Financial Results on May 8, 2025
CUPERTINO, Calif., May 05, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its first quarter 2025 earnings report: Date: Thursday, May 8, 2025 Time: 11 am Pacific Time (PT) Live Participant Dial In (Toll Free): +1-877-545-0523 entry code 761021 Live Participant Dial In (International): +1-973-528-0016 entry code 761021 Webcast URL: Attendees may submit questions during the Q&A (Questions & Answers) portion of the conference call. The webcast will be available on the Company's website ( under Investors/Conference Calls, along with the company presentation, recent announcements, and video recordings. The voice recording will be available through May 15, 2025 by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 52416. After May 15th, the webcast will be available on the Company's website ( under Investors/Conference Calls. About Aemetis Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit Company Investor RelationsMedia Contact:Todd Waltz(408) 213-0940investors@ External Investor RelationsContact:Kirin SmithPCG Advisory Group(646) 863-6519ksmith@ in to access your portfolio
Yahoo
29-04-2025
- Automotive
- Yahoo
Aemetis to Benefit From EPA's Approval of 15 Percent Ethanol Blend
Consumers are expected to save up to $0.20 per gallon at the pump CUPERTINO, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a diversified global renewable natural gas and biofuels company, announced today that the U.S. Environmental Protection Agency (EPA) issued a waiver allowing a 15 percent blend of ethanol (E15) to continue to be sold after May 1st which will benefit the company through increased demand and sales of the renewable fuel nationwide. The average blend of ethanol in the U.S. in 2024 was 10.4% and 14.2 billion gallons. The adoption of E15 allows up to a 50% increase in the market for ethanol in the U.S. 'The EPA's action allowing nationwide E15 sales to continue is a significant step toward increasing the demand for ethanol and has broad support for permanent approval from the President, as well as numerous members of Congress,' stated Eric McAfee, Chairman and CEO of Aemetis. 'Permanent national approval of E15 would allow the demand for ethanol to grow as consumers nationwide benefit from lower-cost, domestic, renewable fuel that lowers the price of gasoline and supports rural communities with good jobs throughout the country.' The EPA has indicated its intent to ensure that E15 remains available throughout the summer driving season. The EPA's action applies throughout the United States, except California. The E15 blend is expected to help American drivers save money at the pump, reduce carbon emissions, strengthen rural economies, and enhance U.S. energy independence, according to the Renewable Fuels Association. California is now the only state in the US that has not approved the E15 blend and typically has the highest average gasoline prices nationwide. To address the situation, Governor Gavin Newsom earlier this year issued a letter to the California Air and Resources Board (CARB) requesting completion of the study required to adopt E15 in California. The adoption of a 15 percent ethanol blend in California is projected to create more than 600 million gallons per year of new biofuels demand and save consumers an estimated twenty cents per gallon, or approximately $2.7 billion at the pump each year, according to a UC Berkeley and US Naval Academy study. Californians would also benefit from reduced greenhouse gas emissions from the increased use of ethanol, and reduced exposure to benzene and other carcinogens in gasoline. Senate Bill 2707, the 'Nationwide Consumer and Fuel Retailer Choice Act,' was recently introduced into the U.S. Congress by 14 senators. This bill proposes the permanent sale of year-round E15 throughout the United States, except in states such as California that have their own fuel regulations. The E15 blend is approved for use in more than 95 percent of vehicles on the road today, according to the EPA. About Aemetis Headquartered in Cupertino, California, Aemetis is a renewable natural gas and biofuels company focused on the operation, acquisition, development, and commercialization of innovative technologies that support energy independence and security. Founded in 2006, Aemetis operates and is expanding a California biogas digester network and pipeline system to convert dairy waste into renewable natural gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that also supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year biofuels facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel biorefinery and a carbon sequestration project in California. For additional information about Aemetis, please visit Safe Harbor Statement This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results; statements related to the development, engineering, financing, construction, timing, and operation of biodiesel, biogas, sustainable aviation fuel, CO2 sequestration, and other facilities; our ability to promote, develop, finance, and construct such facilities; and statements about future market demand and market prices and results of government actions. Words or phrases such as 'anticipates,' 'may,' 'will,' 'should,' 'believes,' 'estimates,' 'expects,' 'intends,' 'plans,' 'predicts,' 'projects,' 'targets,' 'view,' 'will likely result,' 'will continue' or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to many risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to government policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws. Company Investor RelationsMedia Contact:Todd Waltz(408) 213-0940investors@ External Investor RelationsContact:Kirin SmithPCG Advisory Group(646) 863-6519ksmith@ in to access your portfolio
