Gevo Q4 2023: revenue $4.4M, RNG cash EBITDA $1.3M positive, cash $375.6M

Gevo, Inc.

Q4 revenue $4.4M (biogas $0.2M + environmental attributes $4.2M); interest income brought combined total to $9.4M.
Loss from operations $21.3M; net loss per share $0.08; non-GAAP cash EBITDA loss $12.5M.
RNG produced 90,666 MMBtu (annualized 91% of 400K MMBtu capacity); stand-alone cash +$1.3M.
Cash & equivalents $375.6M at year-end; Net-Zero 1 remaining spend estimated $125M-$175M.
Verity target market estimated $1.5B-$3.0B; RNG annualized cash EBITDA expected $12M-$16M upon permanent CARB score.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Gevo, Inc. reported the quarter ended December 31, 2023 results: revenue $4.4 million, EPS $0.08.

Period: the quarter ended December 31, 2023
Revenue: $4.4 million
EPS: $0.08
Result: reported results

Exact text from the filing

Revenue of $4.4 million for the fourth quarter includes RNG sales of $0.2 million and $4.2 million of net proceeds from sales of environmental attributes. · Combined revenue and interest income increased to $9.4 million for the fourth quarter. · Loss from operations of $21.3 million for the fourth quarter. · Non-GAAP cash EBITDA loss 1 of $12.5 million for the fourth quarter. · Gevo NW Iowa RNG generated positive, stand-alone non-GAAP cash EBITDA 1 of $1.3 million for the fourth quarter. · Net loss per share of $0.08 for the fourth quarter.

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Source: SEC EDGAR

accession 0001392380-24-000007

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