earnings
confidence high
sentiment neutral
materiality 0.65
Gevo reports Q3 net loss of $0.07/share; RNG revenue $4.5M, cash $401M
Gevo, Inc.
2023-Q3 EPS reported
-$0.20
revenue$12,826,000
- Net loss per share $0.07; loss from operations $20.7M; non-GAAP cash EBITDA loss $11.6M.
- RNG project sold 81,271 MMBtu; revenue $4.5M including $4.3M from environmental attributes.
- RNG capacity expansion completed to 400,000 MMBtu; Gevo NW Iowa RNG generated stand-alone positive cash EBITDA of $1.7M.
- Verity signed third ethanol producer; total tracked volume over 300M gallons/year (~2% of US market).
- NZ1 detailed engineering ongoing; DOE loan guarantee due diligence 3 months into process, on track.