LanzaTech Q1 revenue up 23% to $9.6M, net loss widens to $63.3M on non-cash items

LanzaTech Global, Inc.

2023-Q1 EPS reported -$0.58 revenue$9,646,000

Total revenue $9.6M (+23% YoY); net loss $63.3M vs $16.8M in Q1 2022, including non-cash items.
Adjusted EBITDA loss $27.6M vs $14.8M; one-time costs from business combination and scaling up.
Business combination closed Feb 8, 2023, raising $242M; cash and investments $194.9M at Mar 31.
Reaffirmed FY2023 outlook: revenue $80-120M, adjusted EBITDA loss $(55)-(65)M.
Non-cash impacts: $(51.1)M from FPA and +$30.6M from SAFE fair value change.

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

LanzaTech Global, Inc. reported first fiscal quarter ended March 31, 2023 results: revenue $9.6 million, net income $(63.3) million. Guidance reaffirmed.

Period: first fiscal quarter ended March 31, 2023
Revenue: $9.6 million
Net income: $(63.3) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

LanzaTech Global, Inc. Announces First Quarter 2023 Financial Results Total revenues of $9.6 million for first quarter 2023, an increase of 23% over first quarter 2022, and consistent with 2023 revenue guidance Completed business combination with AMCI Acquisition Corp. II on February 8, 2023, raising $242 million of gross proceeds through the transaction Reaffirming full year 2023 revenue and adjusted EBITDA guidance

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Source: SEC EDGAR

accession 0001628280-23-017992

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