LanzaTech posted lower total revenue in Q1 2025 compared to the prior year, primarily due to declines in biorefining and contract research. However, CarbonSmart product sales surged. Despite a narrowed net loss, the company continues to face significant going concern risks.
Total revenue was $9.5M, down from $10.2M in Q1 2024.
CarbonSmart revenue grew significantly to $4.2M from $0.9M YoY.
Net loss improved to $19.2M from $25.5M last year, aided by a non-cash financial instruments gain.
LanzaTech raised $40M in preferred equity but still faces going concern uncertainties.
Management is shifting focus to deploying proven tech at scale but acknowledges financial instability.
Visualization of income flow from segment revenue to net income