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Mar 31, 2023
LanzaTech Q1 2023 Earnings Report
LanzaTech's revenue increased and business combination was completed.
Key Takeaways
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.
Total revenues reached $9.6 million, a 23% increase year-over-year.
Completed business combination with AMCI Acquisition Corp. II, raising $242 million in gross proceeds.
Three additional commercial scale facilities are expected to begin operations in 2023.
Reaffirmed full year 2023 revenue and adjusted EBITDA guidance.
Forward Guidance
LanzaTech reaffirmed its full-year 2023 financial outlook, including total revenue of $80-$120 million and an adjusted EBITDA loss guidance range of $(55)-$(65) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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