LanzaTech Q1 revenue $9.5M, net loss $19.2M; going concern doubt remains despite $40M equity

LanzaTech Global, Inc.

2025-Q1 EPS reported -$0.10 vs consensus -$10.40 ▲ beat (+99.0%)

Total revenue $9.5M, down from $10.2M YoY; CarbonSmart revenue growth offset biorefining and JDA declines.
Net loss $19.2M vs $25.5M YoY; Adjusted EBITDA loss widened to $30.5M from $22.1M.
Closed $40M preferred equity in May 2025; management still concludes substantial doubt about going concern.
Cost reduction actions underway to sharpen focus and streamline operations; no formal guidance provided.

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