Latest news with #Aemetis
Yahoo
07-08-2025
- Business
- Yahoo
Aemetis Reports Second Quarter 2025 Financial Results
Revenue increased $9.3M from the first quarter of 2025 to $52.2M, driven by the restart of India biodiesel deliveries under new order from Oil Marketing Companies. Aemetis Biogas recognized $3.1M in revenue from 11 digesters; CARB approved 7 new LCFS pathways in Q2. Signed $27M agreement with NPL to construct H₂S and compression units for 15 dairy digesters. Operating loss improved by $4.9M from the first quarter of 2025, reflecting reduced SG&A in the second quarter of 2025; net loss flat from the second quarter of 2024 after adjusting for one-time items. Appointed new CFO with IPO experience for our India subsidiary. The India subsidiary is targeting a public listing in early 2026. CUPERTINO, Calif., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that lower fuel costs and reduce emissions, today announced its financial results for the three and six months ended June 30, 2025. 'Revenues of $52.2 million during the second quarter of 2025 are an increase of $9.3 million from the $42.9 million revenues during the first quarter of 2025, reflecting continued execution by our California Ethanol and Dairy Renewable Natural Gas segments, along with the fulfillment of new India Oil Marketing Companies orders,' said Todd Waltz, Chief Financial Officer of Aemetis. 'We look forward to additional revenues from the seven dairy digester RNG pathways recently approved by CARB and the revenues from federal Section 45Z production tax credits that were extended to year 2029 in the One Big Beautiful Bill Act,' added Waltz. 'We are pleased with the continued growth of Aemetis Biogas production and continued progress with building a large dairy digester to process waste from multiple dairies which is already producing biogas and will be completed in August,' said Eric McAfee, Chairman and CEO of Aemetis. 'The Section 45Z tax credit income and operating cash flow is expected to be significantly increased in our California Ethanol segment by reducing natural gas consumption with the mechanical vapor recompression project that has completed several steps of fabrication and construction.' Today, Aemetis will host an earnings review call at 11:00 a.m. Pacific time (PT).Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 655740Live Participant Dial In (International): +1-973-528-0011 entry code 655740Webcast URL: For details on the call, please visit Financial Results for the Three Months Ended June 30, 2025 Total revenues during the second quarter of 2025 were $52.2 million compared to $66.6 million for the second quarter of 2024. Our Keyes plant operated at a slightly lower grind rate to maximize margins during the second quarter of 2025. Our Dairy Natural Gas segment produced 106,400 MMBtu from eleven operating dairy digesters and reported $3.1 million of revenue. Our India Biodiesel business recognized $11.9 million of revenue primarily from the new allocation that converted into sales to the India Oil Marketing Companies during the second quarter of 2025. Gross loss for the second quarter of 2025 was $3.4 million compared to a $1.8 million gross loss during the second quarter of 2024. Selling, general and administrative expenses were $7.3 million during the second quarter of 2025 which was a significant decrease from $11.8 million during the same period in 2024, driven primarily by the recognition of a loss on asset disposals of $3.6 million during the second quarter of 2024. Operating loss was $10.7 million for the second quarter of 2025, an improvement from the operating loss of $13.6 million for the same period in 2024. Interest expense, excluding accretion of Series A preferred units in the Aemetis Biogas LLC subsidiary, increased slightly to $12.3 million during the second quarter of 2025 compared to $11.7 million during the second quarter of 2024. Additionally, Aemetis Biogas recognized $2.0 million of accretion of Series A preferred units during the second quarter of 2025, a large decrease from $3.5 million during the second quarter of 2024. Net loss was $23.4 million for the second quarter of 2025, a significant improvement from $29.2 million for the second quarter of 2024. Cash at the end of the second quarter of 2025 was $1.6 million compared to $900 thousand at the close of 2024. We recorded investments in capital projects related to the reduction of the carbon intensity of Aemetis ethanol and construction of dairy digesters of $3.6 million for the second quarter of 2025. Financial Results for the Six Months Ended June 30, 2025 Revenues were $95.1 million for the first half of 2025 compared to $139.2 million for the first half of 2024, with the lower amount primarily due to delays with the receipt of contracts in India from the government-owned Oil Marketing Companies. Gross loss for the first half of 2025 was $8.4 million compared to a gross loss of $2.4 million during the first half of 2024. Selling, general and administrative expenses were $17.8 million during the first half of 2025 compared to $20.7 million during the first half of 2024, including the recognition of a loss on asset disposals of $3.6 million during the first half of 2024. Operating loss was $26.2 million for the first half of 2025 compared to $23.1 million for the first half of 2024. Interest expense was $26.0 million during the first half of 2025, excluding accretion and other expenses of Series A preferred units in our Aemetis Biogas LLC subsidiary, compared to interest expense of $22.2 million during the first half of 2024. Additionally, our Aemetis Biogas LLC subsidiary recognized $4.3 million of accretion and other expenses in connection with preference payments on its preferred units during the first half of 2025 compared to $6.8 million during the first half of 2024. Net loss for the first half of 2025 was $47.9 million, an improvement from a net loss of $53.4 million during the same period of 2024. Investments in capital projects of $5.4 million were made during the first half of 2025, including investments in capital projects related to Aemetis Biogas of $4.1 million. About Aemetis Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel, and biochemicals company focused on the operation, acquisition, development, and commercialization of innovative technologies that lower fuel costs and reduce emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe. Aemetis is developing a sustainable aviation fuel (SAF) and renewable diesel fuel biorefinery in California to utilize renewable hydrogen, hydroelectric power, and renewable oils to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit Company Investor Relations Media Contact:Todd Waltz(408) 213-0940investors@ External Investor RelationsContact:Kirin SmithPCG Advisory Group(646) 863-6519ksmith@ Non-GAAP Financial Information We have provided non-GAAP measures as a supplement to financial results based on GAAP. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures is included in the accompanying supplemental data. Adjusted EBITDA is defined as net income/(loss) plus (to the extent deducted in calculating such net income) interest and amortization expense, income tax expense or benefit, accretion expense, depreciation expense, and share-based compensation expense. Adjusted EBITDA is not calculated in accordance with GAAP and should not be considered as an alternative to net income/(loss), operating income or any other performance measures derived in accordance with GAAP or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA is presented solely as a supplemental disclosure because management believes that it is a useful performance measure that is widely used within the industry in which we operate. In addition, management uses Adjusted EBITDA for reviewing financial results and for budgeting and planning purposes. EBITDA measures are not calculated in the same manner by all companies and, accordingly, may not be an appropriate measure for comparison. Safe Harbor Statement This news release contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements in this news release include, without limitation, statements relating to our five-year growth plan; trends in market conditions with respect to prices for inputs for our products versus prices for our products; our ability to fund, develop, build, maintain and operate digesters, facilities and pipelines for our dairy renewable natural gas segment; our ability to fund, develop and operate our SAF, renewable diesel, and carbon capture and sequestration projects, including obtaining required permits; our ability to receive awarded grants by meeting all of the required conditions, including meeting the minimum contributions; our intention to repurchase the Series A preferred units relating to our Aemetis Biogas subsidiary and the expected valuation premium thereof; and our ability to raise additional capital. Words or phrases such as 'anticipates,' 'may,' 'will,' 'should,' 'believes,' 'estimates,' 'expects,' 'intends,' 'plans,' 'predicts,' 'projects,' 'showing signs,' 'targets,' 'will likely result,' 'will continue' or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filed documents. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws. (Tables follow)AEMETIS, INC. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (unaudited, in thousands, except per share data) For the three months ended June 30, For the six months ended June 30, 2025 2024 2025 2024 Revenues $ 52,243 $ 66,561 $ 95,129 $ 139,195 Cost of goods sold 55,598 68,367 103,564 141,613 Gross loss (3,355 ) (1,806 ) (8,435 ) (2,418 ) Selling, general and administrative expenses 7,319 11,800 17,794 20,650 Operating loss (10,674 ) (13,606 ) (26,229 ) (23,068 ) Other expense (income): Interest expense Interest rate expense 11,235 9,904 22,253 18,996 Debt related fees and amortization expense 1,095 1,820 3,770 3,241 Accretion and other expenses of Series A preferred units 2,032 3,477 4,311 6,788 Other (income) expense (1,112 ) (18 ) (1,327 ) 49 Loss before income taxes (23,924 ) (28,789 ) (55,236 ) (52,142 ) Income tax expense (benefit) (529 ) 385 (7,312 ) 1,263 Net loss $ (23,395 ) $ (29,174 ) $ (47,924 ) $ (53,405 ) Net loss per common share Basic $ (0.41 ) $ (0.66 ) $ (0.87 ) $ (1.24 ) Diluted $ (0.41 ) $ (0.66 ) $ (0.87 ) $ (1.24 ) Weighted average shares outstanding Basic 57,676 44,417 55,144 43,153 Diluted 57,676 44,417 55,144 43,153 AEMETIS, INC. CONSOLIDATED CONDENSED BALANCE SHEETS (in thousands) June 30, 2025 December 31, 2024 (Unaudited) Assets Current assets: Cash and cash equivalents $ 1,645 $ 898 Accounts receivable 2,699 1,805 Inventories 12,371 25,442 Tax credit sale receivable - 12,300 Prepaid and other current assets 3,371 4,251 Total current assets 20,086 44,696 Property, plant and equipment, net 204,641 199,392 Other assets 15,289 15,214 Total assets $ 240,016 $ 259,302 Liabilities and stockholders' deficit Current liabilities: Accounts payable $ 21,894 $ 33,139 Current portion of long term debt 247,615 63,745 Short term borrowings 22,995 26,789 Other current liabilities 29,423 20,295 Total current liabilities 321,927 143,968 Total long term liabilities 207,344 379,262 Stockholders' deficit: Common stock 62 51 Additional paid-in capital 327,905 305,329 Accumulated deficit (610,866 ) (562,942 ) Accumulated other comprehensive loss (6,356 ) (6,366 ) Total stockholders' deficit (289,255 ) (263,928 ) Total liabilities and stockholders' deficit $ 240,016 $ 259,302 AEMETIS, INC. RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME/(LOSS) (unaudited, in thousands) For the three months ended June 30, For the six months ended June 30, EBITDA Calculation 2025 2024 2025 2024 Net income (loss) $ (23,395 ) $ (29,174 ) $ (47,924 ) $ (53,405 ) Adjustments Interest and amortization expense 12,341 11,736 26,046 22,261 Depreciation expense 2,350 2,049 4,708 3,847 Accretion of Series A preferred units 2,032 3,477 4,311 6,788 Loss on asset disposal - 3,644 - 3,644 Share-based compensation 1,433 1,977 3,741 4,946 Income tax expense (benefit) (529 ) 385 (7,312 ) 1,263 Total adjustments 17,627 23,268 31,494 42,749 Adjusted EBITDA $ (5,768 ) $ (5,906 ) $ (16,430 ) $ (10,656 ) AEMETIS, INC. PRODUCTION AND PRICE PERFORMANCE (unaudited) Three Months ended June 30, Six Months ended June 30, 2025 2024 2025 2024 California Ethanol Ethanol Gallons sold (in millions) 13.8 14.8 27.9 28.9 Average sales price/gallon $ 2.01 $ 1.99 $ 2.00 $ 1.89 Percent of nameplate capacity 100 % 108 % 102 % 105 % WDG Tons sold (in thousands) 91.0 105.0 184.1 199.0 Average sales price/ton $ 86 $ 89 $ 86 $ 93 Delivered Cost of Corn Bushels ground (in millions) 4.7 5.2 9.4 10.1 Average delivered cost / bushel $ 6.42 $ 6.36 $ 6.53 $ 6.35 California Dairy Renewable Natural Gas Renewable Natural Gas MMBtu sold (in thousands) 106.4 88.0 177.3 148.8 Average price per MMBtu $ 2.75 $ 2.19 $ 3.11 $ 2.94 RINs RINs sold (in thousands) 763.6 341.0 1,151.8 1,107.3 Average price per RIN $ 2.60 $ 3.17 $ 2.61 $ 3.11 LCFS LCFS credits sold (in thousands) 14.0 5.0 30.0 23.0 Average price per LCFS credit $ 55.25 $ 64.75 $ 64.45 $ 65.73 India Biodiesel Biodiesel Metric tons sold (in thousands) 9.4 20.4 9.4 47.5 Average Sales Price/Metric ton $ 1,010 $ 1,162 $ 1,010 $ 1,150 Percent of Nameplate Capacity 25.2 % 54.4 % 12.6 % 63.4 % Refined Glycerin Metric tons sold (in thousands) 0.1 1.5 0.1 3.9 Average Sales Price/Metric ton $ 879 $ 635 $ 879 $ 584
Globe and Mail
01-08-2025
- Business
- Globe and Mail
Aemetis to Review Second Quarter 2025 Financial Results on August 7, 2025
CUPERTINO, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its second quarter 2025 earnings report: Date: Thursday, August 7, 2025 Time: 11 am Pacific Time (PT) Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 655740 Live Participant Dial In (International): +1-973-528-0011 entry code 655740 Webcast URL: Attendees may submit questions during the Q&A (Questions & Answers) portion of the conference call. The webcast will be available on the Company's website ( under Investors/Conference Calls, along with the company presentation, recent announcements, and video recordings. The voice recording will be available through August 14, 2025, by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 52764. After August 14th, the webcast will be available on the Company's website ( under Investors/Conference Calls. About Aemetis Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that lower fuel costs and reduce emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit Company Investor Relations
Yahoo
01-08-2025
- Business
- Yahoo
Aemetis to Review Second Quarter 2025 Financial Results on August 7, 2025
CUPERTINO, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its second quarter 2025 earnings report: Date: Thursday, August 7, 2025 Time: 11 am Pacific Time (PT) Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 655740 Live Participant Dial In (International): +1-973-528-0011 entry code 655740 Webcast URL: Attendees may submit questions during the Q&A (Questions & Answers) portion of the conference call. The webcast will be available on the Company's website ( under Investors/Conference Calls, along with the company presentation, recent announcements, and video recordings. The voice recording will be available through August 14, 2025, by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 52764. After August 14th, the webcast will be available on the Company's website ( under Investors/Conference Calls. About Aemetis Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that lower fuel costs and reduce emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit Company Investor Relations Media Contact:Todd Waltz(408) 213-0940investors@ External Investor RelationsContact:Kirin SmithPCG Advisory Group(646) 863-6519ksmith@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Aemetis Biogas Receives CARB Approval for Seven RNG Pathways
Dairy Based Renewable Natural Gas from Seven Digesters Averages Negative 384 Carbon Intensity CUPERTINO, Calif., June 27, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company, announced today that the California Air Resources Board (CARB) has approved provisional pathways under the Low Carbon Fuel Standard (LCFS) for seven dairy digesters built and operated by Aemetis Biogas, a subsidiary of the Company. The pathway approvals are effective as of January 1, 2025. The average carbon intensity for the seven approved pathways is -384, with carbon intensities ranging from -327 to -419. 'The approval of seven LCFS pathways increases the number of LCFS credits generated by these digesters by approximately 100%,' stated Eric McAfee, Chairman and CEO of Aemetis. 'With eleven operating digesters and a four-dairy cluster digester currently being completed, we have additional pathway filings in process that we expect will be approved more quickly than these initial pathways once the LCFS regulatory amendments are adopted this year.' With the LCFS first quarter reporting deadline of June 30, 2025, the January 1, 2025, effective date of the new pathways enables Aemetis to immediately obtain the increased LCFS credit quantity for its RNG produced in the first quarter of 2025. Aemetis renewable energy and energy efficiency projects include the construction of new dairy digesters expected to generate more than 1 million MMBtu per year of renewable natural gas; the Keyes ethanol plant mechanical vapor recompression system that is expected to generate $32 million of increased annual cash flow starting in 2026; the Riverbank carbon sequestration project to inject 1.4 million tons per year of CO2 per year underground; and the 78 million gallon per year sustainable aviation fuel and renewable diesel plant that has already received Authority To Construct air permits and other key approvals. About Aemetis Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California that will use renewable hydrogen and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit Safe Harbor Statement This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2025 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, and carbon sequestration facilities; our ability to promote, develop, finance, and construct facilities to produce biogas, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as 'anticipates,' 'may,' 'will,' 'should,' 'believes,' 'estimates,' 'expects,' 'intends,' 'plans,' 'predicts,' 'projects,' 'showing signs,' 'targets,' 'view,' 'will likely result,' 'will continue' or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws. Company Investor RelationsMedia Contact:Todd Waltz(408) 213-0940investors@ External Investor RelationsContact:Kirin SmithPCG Advisory Group(646) 863-6519ksmith@
Yahoo
13-05-2025
- Business
- Yahoo
Why Is Aemetis Stock Trading Higher On Tuesday?
Aemetis, Inc. (NASDAQ:AMTX) on Tuesday announced a $27 million equipment agreement with Centuri Holdings, Inc. (NYSE:CTRI), marking a significant step forward in its renewable natural gas (RNG) infrastructure strategy. The agreement, made through Aemetis' subsidiary, Aemetis Biogas, will support the deployment of biogas cleanup systems across 15 dairy digesters in California's Central Valley. These installations are part of a larger initiative to produce RNG from 50 dairies already under contract. Aemetis underscored that its partnership with Centuri extends well beyond this initial equipment deal. According to Chairman and CEO Eric McAfee, Centuri will also provide construction management and pipeline assembly services for future energy efficiency and carbon reduction initiatives. McAfee pointed to Centuri's strong track record in executing large-scale industrial and pipeline infrastructure addition to the digester expansion, Aemetis is moving forward with several significant projects. These include scaling RNG production to exceed 1 million MMBtu annually and implementing a vapor recompression system at its Keyes ethanol facility, which is expected to boost annual cash flow by $32 million starting in 2026. The company is also advancing a carbon sequestration initiative capable of storing 1.4 million tons of CO₂ per year and a 78 million-gallon-per-year sustainable aviation fuel and renewable diesel plant. Further industrial-scale developments are being negotiated at the company's Riverbank site. Price Action: AMTX shares are trading higher by 7.39% to $1.525, and CTRI is up by 8.55% to $21.20 at the last check on Tuesday. Image via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Why Is Aemetis Stock Trading Higher On Tuesday? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
