Revenue during the quarter went up marginally by 2.25 percent to $39.38 million from $38.51 million in the previous year period. Gross margin for the quarter expanded 662 basis points over the previous year period to 9.31 percent. Operating margin for the quarter period stood at positive 0.91 percent as compared to a negative 4.82 percent for the previous year period.

Operating income for the quarter was $0.36 million, compared with an operating loss of $1.86 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $1.75 million compared to negative $0.52 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at 4.44 percent for the quarter compared to negative 1.36 percent in the last year period.

"Gross profit continues to improve, from 5.9% last quarter to 9.3% during the third quarter. This improvement allowed us to achieve EBITDA of $3 million during the first three quarters of 2016,” said Eric McAfee, chairman and chief executive officer of Aemetis, Inc. "Going forward, we expect favorable pricing from the record 2016 corn harvest and believe our ethanol business will perform well during the fourth quarter. Additionally, in September 2016, we launched a $50 million EB-5 funding program that allows us to continue repaying high cost senior bridge loan debt, which we expect will result in significant interest rate savings,"

Cash conversion cycle (CCC) has increased to 13 days for the quarter from 3 days for the last year period. Days sales outstanding went down to 4 days for the quarter compared with 5 days for the same period last year.

Days inventory outstanding has decreased to 5 days for the quarter compared with 11 days for the previous year period. At the same time, days payable outstanding went up to 22 days for the quarter from 20 for the same period last year.