Gevo Q2 2023 revenue $4.2M; loss per share $0.06; DOE invites Net-Zero 1 for $950M loan guarantee

Gevo, Inc.

2023-Q2 EPS reported -$0.13 revenue$8,298,000

Revenue of $4.2M, primarily $2.9M from RNG sales (77,789 MMBtu) and $1.3M from LG Chem licensing.
Loss from operations $18.9M; net loss per share $0.06; cash, equivalents and securities $425.5M.
DOE invited Net-Zero 1 ethanol-to-jet project to due diligence for a $950M loan guarantee (not assured).
RNG project achieved 97% on-stream injection and 91% uptime; capacity expansion to 400,000 MMBtu underway.
USDA awarded up to $30M for Climate-Smart Farm to Flight; Verity tracker launched with farmers.

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 second quarter of 2023 results: revenue $4.2 million, EPS $0.06 per share.

Period: the second quarter of 2023
Revenue: $4.2 million
EPS: $0.06 per share
Result: reported results

Exact text from the filing

billion. 2023 Second Quarter Financial Highlights · Ended the quarter with cash, cash equivalents, restricted cash, and marketable securities of $425.5 million. · Revenue of $4.2 million for the quarter primarily consists of RNG revenue and environmental attribute sales from Gevo’s RNG project and licensing. During Q2 2023, we sold 77,789 MMBtu of RNG from our

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Gevo, Inc. reported financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 10, 2023, Gevo, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended June 30, 2023.

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Gevo, Inc. filing history →

Source: SEC EDGAR

accession 0001392380-23-000068

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