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Sep 30, 2023
LanzaTech Q3 2023 Earnings Report
LanzaTech's revenue increased significantly, driven by growth in engineering services and the CarbonSmart business; however, the company still experienced a net loss due to increased operating expenses.
Key Takeaways
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.
Revenue increased by 143% year-over-year to $19.6 million.
Cost of revenues increased to $14.4 million due to higher revenue performance and engineering costs.
Gross margins improved to 27% driven by beneficial shift in revenue mix.
Net loss totaled $25.3 million.
Forward Guidance
LanzaTech expects ongoing improvements in cash flow from operations, net of working capital swings, quarter over quarter as we continue to progress to grow the business to cash flow positive.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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