LanzaTech Reports Third-Quarter 2024 Financial Results, Updates 2024 Outlook, and Expands Business Model to Accelerate Revenue Growth
LanzaTech Global, Inc. (LNZA)
Company Research
Source: GlobeNewswire
CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein, today reported its financial and operating results for third-quarter 2024, updated its outlook for 2024, and discussed the expansion of its business model beyond licensing its biorefining technology to include more ethanol product sales and increased involvement in the ownership of the Company’s biorefining value chain. Key Takeaways: Announced a two-stage ethanol off-take agreement with ArcelorMittal S.A. (“ArcelorMittal”), a biorefining licensee of the Company, including off-take contracts for one-year and five-year termsAnnounced Project Drake, a 30 million gallon per year, EU-based, ethanol-to-sustainable aviation fuel project in tandem with the payment of a non-refundable fee in consideration for the Company’s grant of exclusivity to a new aviation infr
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News
- LanzaTech Global, Inc. (NASDAQ:LNZA) Analysts Are Cutting Their Estimates: Here's What You Need To Know [Yahoo! Finance]Yahoo! Finance
- LanzaTech to Participate in Upcoming Investor EventsGlobeNewswire
- Analysts Have Just Cut Their LanzaTech Global, Inc. (NASDAQ:LNZA) Revenue Estimates By 23% [Yahoo! Finance]Yahoo! Finance
- LanzaTech Global, Inc. (NASDAQ: LNZA) had its price target lowered by analysts at TD Cowen from $3.00 to $2.00. They now have a "hold" rating on the stock.MarketBeat
- LanzaTech Global Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
LNZA
Earnings
- 11/8/24 - Miss
LNZA
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 11/5/24 - Form 424B4
- LNZA's page on the SEC website