Gevo, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
Published on 11/07/2024 at 16:01
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Gevo, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 1.97 million compared to USD 4.53 million a year ago. Sales was USD 1.97 million compared to USD 4.53 million a year ago. Sales was USD 1.97 million compared to USD 4.53 million a year ago. Sales was USD 1.97 million compared to USD 4.53 million a year ago. Net loss was USD 21.16 million compared to USD 15.7 million a year ago. Net loss was USD 21.16 million compared to USD 15.7 million a year ago. Net loss was USD 21.16 million compared to USD 15.7 million a year ago. Net loss was USD 21.16 million compared to USD 15.7 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.07 a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.07 a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.07 a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.07 a year ago.
For the nine months, sales was USD 11.22 million compared to USD 12.83 million a year ago. Sales was USD 11.22 million compared to USD 12.83 million a year ago. Sales was USD 11.22 million compared to USD 12.83 million a year ago. Sales was USD 11.22 million compared to USD 12.83 million a year ago. Net loss was USD 61.03 million compared to USD 47.74 million a year ago. Net loss was USD 61.03 million compared to USD 47.74 million a year ago. Net loss was USD 61.03 million compared to USD 47.74 million a year ago. Net loss was USD 61.03 million compared to USD 47.74 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.2 a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.2 a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.2 a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.2 a year ago.
Gevo, Inc. is a diversified energy company. The Company is a developer of hydrocarbon fuels and chemicals with net-zero greenhouse gas emissions. The Company operates in three segments. The Gevo segment is focused on research and development activities related to the production of sustainable aviation fuel (SAF), commercial opportunities for other renewable hydrocarbon products, such as renewable natural gas, hydrocarbons for gasoline blend stocks and diesel fuel, and plastics, materials, and other chemicals. The Gevo segment also develops, maintains, and protects its intellectual property portfolio, provides corporate oversight services, and is responsible for development and construction of its Net-Zero Projects. The Agri-Energy segment is responsible for the operation of the Companyâs Luverne Facility. The Renewable Natural Gas segment produces pipeline quality methane gas captured from dairy cow manure. The Company also operates the Net-Zero North ethanol plant.
