LanzaTech Earnings Reports

LanzaTech’s Q4 2024 results reflected revenue challenges tied to delayed biorefining project timelines, while operating costs remained high, resulting in a wider net loss.

LanzaTech reported a disappointing Q3 2024 with revenue of $9.9 million, missing financial targets due to a delay in a LanzaJet sublicensing event and softer ethanol pricing. However, the company announced a long-term off-take agreement with ArcelorMittal and advanced Project Drake, positioning it for greater upside.

LanzaTech reported total revenue of $17.4 million for Q2 2024, exceeding expectations and representing a 35% year-over-year increase. The company reaffirmed its full-year 2024 outlook, projecting revenue between $90 million and $105 million, and announced a $40 million investment by Carbon Direct Capital.

LanzaTech reported first quarter 2024 revenue of $10.2 million, a 6% increase year-over-year, driven by growth in CarbonSmart and Joint Development Agreements & Contract Research businesses. The company reiterated its full year 2024 revenue outlook of $90 - $105 million.

LanzaTech reported a 143% increase in revenue compared to Q3 2022, reaching $19.6 million. This growth was primarily driven by increases in engineering and other services revenue, as well as growth in the CarbonSmart business. However, the company experienced a net loss of $25.3 million due to increased operating expenses. Cash, restricted cash, and investments totaled $136.9 million.

LanzaTech Global Inc. reported a 31% year-over-year revenue increase to $12.9 million for the second quarter of 2023. The company is tightening its 2023 revenue guidance to $80 to $100 million. They are reiterating their forecast to achieve positive Adjusted EBITDA by the end of 2024.

LanzaTech Global, Inc. reported a 23% increase in revenue for the first quarter of 2023, reaching $9.6 million compared to $7.9 million in the same period of 2022. The company also completed its business combination with AMCI Acquisition Corp. II, raising $242 million in gross proceeds.