LanzaTech Q2 revenue $17.4M (+35% YoY), reaffirms FY outlook, closes $40M capital raise

LanzaTech Global, Inc.

2024-Q2 EPS reported -$0.27 revenue$27,619,000

Q2 2024 revenue $17.4M, up 35% YoY; gross profit $11.9M (68% margin).
Net loss $(27.8)M vs $(26.8)M YoY; adjusted EBITDA loss improved to $(17.8)M from $(23.8)M.
Reaffirmed FY2024 outlook: revenue $90-105M, adjusted EBITDA loss $(65)-(55)M.
Closed $40M convertible note investment from Carbon Direct Capital; total cash >$100M post-funding.
Increased LanzaJet stake to ~37%; launched CirculAir joint offering for SAF production.

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