Blog: DANIMER SCIENTIFIC, INC. : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) – Marketscreener.com

Item 2.02 Results of Operations and Financial Condition.

On May 10, 2022, Danimer Scientific, Inc. (“Danimer”) issued a press release
announcing its financial results for the first quarter ended March 31, 2022. A
copy of this press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.

The press release contains the following non-GAAP measures: “Adjusted EBITDA”,
“Adjusted EBITDAR” “Adjusted Gross Profit”, and “Adjusted Gross Margin”. Danimer
believes that each of Adjusted EBITDA, Adjusted EBITDAR, Adjusted Gross Profit,
and Adjusted Gross Margin are useful to investors in evaluating Danimer’s
performance because each measure considers the performance of Danimer’s
operations, excluding decisions made with respect to capital investment,
financing and other non-recurring charges. Danimer believes these non-GAAP
metrics offer additional financial information that, when coupled with the GAAP
results and the reconciliation to GAAP results, provides a more complete
understanding of its results of operations and the factors and trends affecting
its business. The non-GAAP measures are reconciled to comparable GAAP financial
measures within the press release. Danimer cautions that non-GAAP measures
should be considered in addition to, but not as a substitute for, Danimer’s
reported GAAP results. Additionally, Danimer notes that there can be no
assurance that the above referenced non-GAAP financial measures are comparable
to similarly titled financial measures used by other publicly traded companies.

The information in this Item 2.02 of this Current Report on Form 8-K and Exhibit
99.1 attached hereto shall not be deemed to be “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to
the liabilities of that section, and shall not be incorporated by reference into
any filing of Danimer, whether made before or after the date hereof, regardless
of any general incorporation language in such filing, unless expressly
incorporated by specific reference to such filing.

Item 7.01 Regulation FD Disclosure

Attached as Exhibit 99.2 to this Current Report on Form 8-K and incorporated
herein by reference is the form of presentation to be used by Danimer in
presentations for certain of its stockholders and other persons. The information
in this Item 7.01 of this Current Report on Form 8-K and Exhibit 99.2 attached
hereto shall not be deemed to be “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section, and shall not be incorporated by reference into any
filing of Danimer, whether made before or after the date hereof, regardless of
any general incorporation language in such filing, unless expressly incorporated
by specific reference to such filing.

Item 9.01 Financial Statements and Exhibits.

d) Exhibits.


Exhibit No.                                 Description

99.1            Press Release, dated May 10, 2022, reporting financial results for
              the quarter ended March 31, 2022 (furnished only).
99.2            Form of Investor Presentation (furnished only).



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