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The latest update is out from Danimer Scientific ( (DNMR) ).
Danimer Scientific, a leader in bioplastics, reported third quarter 2024 results, showing a net loss improvement and continued progress on key projects like a 20-million-pound cutlery award and a 100% compostable Skittles bag. Despite revenue drops due to Starbucks’ straw business changes, Danimer remains focused on growing its PHA business and managing liquidity amidst high debt. The company is also exploring financial strategies to bolster its capital structure as it anticipates significant commercial growth.
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