LanzaTech Q3 revenue $9.9M, net loss $57.4M; expands model beyond licensing

LanzaTech Global, Inc.

2024-Q3 EPS reported -$0.56 revenue$37,562,000

Revenue $9.9M, down 49% YoY from $19.6M; net loss $57.4M vs $25.3M loss.
Adjusted EBITDA loss $27.1M, wider than $19.1M loss in Q3 2023.
Missed financial targets owing to timing delay of ~$8M LanzaJet sublicensing and softer ethanol pricing.
Announced two-stage ethanol off-take agreement with licensee ArcelorMittal (1- and 5-year terms).
Advancing Project Drake, a 30M gallon/yr EU ethanol-to-SAF project with infrastructure partner; non-refundable exclusivity fee paid.

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