Analyst Summary: Aemetis reported its Q4 2022 and year-end results, citing its YoY revenue growth of 21% ($45M) to reach $257M due to price increases in ethanol feed co-products and demand from oil marketing companies in India; the company also achieved several key milestones during the year. However, Aemetis saw an increase in the cost of goods sold, which resulted in a gross loss for the year of $5.5M, compared to a gross profit of $7.9M during the same period in 2021. The company also reported a net loss of $107.8M for the twelve months ended 31 December 2022, compared to a net loss of $47.1M during the same period in 2021. Aemetis’s CEO, Eric McAfee, mentioned that the company had secured three new credit facilities for up to $125M to fund its initiatives outlined in its Five Year Plan. McAfee also noted the company's new financing, which includes the first USDA-guaranteed, 20-year financing, to construct dairy digesters and other biogas project assets, is a sign of the growing support for decarbonization efforts.