RTTNews | Mar 30, 2021 10:08AM EDT

10:08 Tuesday, March 30, 2021 (RTTNews.com) - Danimer Scientific, Inc. (DNMR) shares are sliding on Tuesday morning trade as the bioplastics company reported a wider net loss for the fourth quarter.

The company reported net loss of $6.95 million, compared to net loss of $3.76 million in the prior year. On a per share basis, loss was $0.26, wider than loss of $0.15 in the previous loss.

Revenue for the quarter increased to $12.03 million, while it was $8.73 million in the prior year.

Currently, the shares are at $31.82, down 13.63 percent from the previous close of $36.84.

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