LanzaTech reports Q2 EPS (14c), consensus (11c)

Reports Q2 revenue $17.4M, consensus $14.11M. Q2 adjusted EBITDA was ($17.8M) vs. ($23.8M) in 2Q23. “We made progress on a number of strategic fronts during the quarter, including growing revenue, increasing our stake in LanzaJet, launching CirculAir, commencing direct CarbonSmart ethanol fuel sales, and bringing Carbon Direct Capital onboard as an important new investor,” said CEO Jennifer Holmgren. “…Looking forward, we expect our existing licensees’ operations to continue to ramp to full production capacity and we have a number of sizable customer projects that are expected to move through final investment decision and into construction by the end of 2024. Beyond 2024, our primary financial objective is to reach profitability expeditiously, by driving growth in revenue and gross profit, and the way we get there is by executing projects and deploying licenses while being diligent with cost management, and that’s exactly the type of progress we are delivering today.”