Gevo 2024 outlook: RNG cash EBITDA $7-16M, NZ1 spend $125-175M, cash $376M

Gevo, Inc.

RNG non-GAAP cash EBITDA expected $7-16M in 2024, subject to CARB pathway approval.
Net-Zero 1 project development cash uses projected at $125-175M in 2024.
Cash, equivalents and restricted cash $376M as of Dec 31, 2023.
Verity expects first revenue in 2024, scalable growth in 2025; target market $1.5-3B.
ETO pilot plant operating; Luverne facility in care & maintenance with $2-4M idling cash.

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