Global Clean Energy Holdings, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 08:04 am EDT
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Global Clean Energy Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 67,314. Operating loss was USD 11.187 million compared to USD 2.652 million a year ago. Net loss was USD 14.078 million compared to USD 3.411 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.1 a year ago. For the half year, sales was USD 68,364 compared to USD 512,363 a year ago. Operating loss was USD 17.848 million compared to USD 3.022 million a year ago. Net loss was USD 22.299 million compared to net income of USD 2.026 million a year ago. Basic loss per share from continuing operations was USD 0.6 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.6 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
Global Clean Energy Holdings, Inc. is a vertically integrated renewable fuels company. It specializes in the development and cultivation of camelina, a nonfood, regenerative, intermediate oilseed crop, which is used to produce advanced biofuels and biomaterials. Its farm-to-fuels value chain integration provides unrivaled access to reliable, ultra-low carbon feedstocks and is unparalleled in the sustainable fuel's industry. It has developed a portfolio of elite varieties of Camelina sativa to be used as a feedstock for its Renewable Fuels Facility. Its product includes Renewable Diesel, Biofuels Oil Feedstock and Biomass Feedstock. Renewable diesel is made from the same feedstocks as biodiesel. The feedstock oil is needed to produce renewable jet, biodiesel, renewable diesel and hydrotreated vegetable oil supplied from edible seed oils, including soy, canola, sunflower and palm. Camelina produces a co-product from the oil extraction process which is a non-transgenic high protein meal.
GLOBAL CLEAN ENERGY HOLDINGS, INC. 
