LanzaTech Q4 rev $20.5M (+77% YoY); FY net loss $134.1M; guides 2024 rev $90-105M with adj EBITDA loss

LanzaTech Global, Inc.

2023-FY EPS reported -$0.79 revenue$62,631,000

Q4 revenue $20.5M (+77% YoY); full year revenue $62.6M (+68% YoY); net loss $134.1M vs $76.4M prior year.
Adjusted EBITDA FY2023 ($80.1M); Q4 cash burn $15.4M; cash & investments $121.4M year-end.
FY2024 guidance: revenue $90-105M; Adj EBITDA ($65)-($55)M; does not expect positive EBITDA by end of 2024.
Organizational streamlining: 33% cut in executive team, 5% headcount reduction, $5.3M annualized op-ex savings, 80% bonus cut.
Appointed Aura Cuellar as President effective March 1; COO Carl Wolf to depart April 2024.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Aura Cuellar

President

LNZA · LanzaTech Global, Inc.

Effective: 2024-03-01
Filed: February 28, 2024, 6:59 PM ET

On February 27, 2024, the Company appointed Aura Cuellar to serve as the Company’s President, effective March 1, 2024.

Departed

Carl Wolf

Chief Operating Officer

LNZA · LanzaTech Global, Inc.

Filed: February 28, 2024, 6:59 PM ET

On February 27, 2024, the Company and Carl Wolf agreed that Mr. Wolf would step down from his position as Chief Operating Officer of the Company in April 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LanzaTech Global, Inc. updated its the fiscal year ended December 31, 2023 guidance (raised).

Period: the fiscal year ended December 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On February 28, 2024, LanzaTech Global, Inc. (Nasdaq: LNZA), issued a press release announcing its financial results for the fiscal year ended December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Aura Cuellar was appointed as President at LanzaTech Global, Inc..

Action: appointed
Role: President

Exact text from the filing

On February 27, 2024, the Company appointed Aura Cuellar to serve as the Company’s President, effective March 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carl Wolf departed as Chief Operating Officer at LanzaTech Global, Inc..

Action: stepped down
Role: Chief Operating Officer

Exact text from the filing

On February 27, 2024, the Company and Carl Wolf agreed that Mr. Wolf would step down from his position as Chief Operating Officer of the Company in April 2024.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

LanzaTech Global, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-007372

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