LanzaTech Q2 revenue $12.9M (+31% YoY), net loss $(26.8)M; updates FY2023 guidance

LanzaTech Global, Inc.

2023-Q2 EPS reported -$0.60 revenue$22,563,000

Q2 2023 revenue $12.9M, up 31% YoY from $9.9M; net loss $(26.8)M vs $(15.9)M in Q2 2022.
Adjusted EBITDA loss $(23.8)M in Q2 vs $(17.9)M a year ago; first-half adjusted EBITDA $(47.3)M.
Cash, restricted cash, investments $161.1M at June 30, down from $194.9M at Q1 end; no outstanding debt.
FY2023 guidance: revenue $80M-$100M, adjusted EBITDA $(75)M to $(65)M; reiterates positive EBITDA by end-2024.
Three commercial plant startups expected in 2023 (India, Belgium, China); isopropanol microbe demo ahead of schedule.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LanzaTech Global, Inc. reported financial results for the second fiscal quarter ended June 30, 2023.

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

Exact text from the filing

On August 9, 2023, LanzaTech Global, Inc. (Nasdaq: LNZA), issued a press release announcing its financial results for the second fiscal quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-028381

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