earnings
confidence high
sentiment neutral
materiality 0.50
Verde Clean Fuels reports Q1 2024 net loss of $2.5M; EPS $(0.13)
Verde Clean Fuels, Inc.
2024-Q1 EPS reported
-$0.13
- GAAP diluted net loss per share $(0.13); net loss attributable to Verde $772K vs $574K year ago.
- Cash and cash equivalents $25.9M at March 31, 2024; operating expenses $2.8M.
- Participating in DOE-funded consortium for green methanol; total project funding up to $500K.
- Continuing FEED/EPC selection process for Cottonmouth Ventures Permian Basin project.
- Preliminary discussions with potential offtake parties for D3 RINs, LCFS credits, and gasoline.