Gevo Q3 net loss $(0.19)/share; revenue $0.3M on RNG; impairment $24.7M

Gevo, Inc.

2022-Q3 EPS reported -$0.34 revenue$630,000

Revenue $0.3M from RNG (vs $0.1M in Q3 2021); loss from ops $(43.7)M including $24.7M impairment.
GAAP net loss per share $(0.19); adjusted net loss $(0.19); cash & securities $500.4M.
NZ-1 SAF facility cost estimate raised to $850M; projected Project EBITDA $300M/yr (+50% vs prior).
SAF supply agreements total 375 MGPY; new deals with Qatar Airways (5M gal/yr) and Iberia (6M gal/yr).
USDA tentatively awarded $30M grant; Summit Carbon Solutions CO2 storage agreement for NZ-1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Gevo, Inc. reported the quarter ended September 30, 2022 results: revenue $0.3 million, EPS $(0.19).

Period: the quarter ended September 30, 2022
Revenue: $0.3 million
EPS: $(0.19)
Result: reported results

Exact text from the filing

restricted cash and marketable securities of $500.4 million compared to $546.8 million as of the end of Q2 2022 and $475.8 million as of the end of Q4 2021 • Revenue of $0.3 million for the quarter is related to initial sales of RNG from Gevo's RNG project and compares to $0.1 million in Q3 2021 • Loss from operations of $(43.7) million for the quarter

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Source: SEC EDGAR

accession 0001392380-22-000037

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