Gevo, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:01 pm
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Gevo, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 4.24 million compared to USD 0.089 million a year ago. Net loss was USD 14.42 million compared to USD 13.16 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.06 a year ago.
For the six months, sales was USD 8.3 million compared to USD 0.321 million a year ago. Net loss was USD 32.04 million compared to USD 28.83 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.14 a year ago.
Gevo, Inc. is a carbon abatement company focused on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels, such as sustainable aviation fuel. The Company operates in three segments. The Gevo segment is focused on research and development activities related to the production of SAF, commercial opportunities for other renewable hydrocarbon products, such as renewable natural gas, hydrocarbons for gasoline blendstocks and diesel fuel, and plastics, materials, and other chemicals. Gevo segment also develops, maintains, and protects its intellectual property portfolio, provides corporate oversight services, and is responsible for development and construction of its Net-Zero Projects. The Agri-Energy segment is engaged in the operation of its Luverne facility and the development of the production of isobutanol, ethanol and related products. The Renewable Natural Gas segment produces-pipeline quality methane gas captured from dairy cow manure.
GEVO, INC. 
