Verde Clean Fuels, Inc. Reports Second Quarter 2024 Results
Verde Clean Fuels, Inc. - Class A (VGAS)
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production facilities to convert syngas derived from diverse feedstocks into gasoline, today reported second quarter 2024 GAAP diluted net loss per share of $(0.14). The second quarter 2024 consolidated net loss was $2.8 million, of which $0.9 million was attributable to Verde. The second quarter net loss consists primarily of ongoing general and administrative and research and development expenses related to the Company’s continuing focus on development of its first commercial facility based on Verde’s proprietary STG+® technology which is designed to produce gasoline utilizing either stranded natural gas or waste feedstocks. The Company ended the second quarter with $23.2 million of cash and cash equivalents.Business Update Highlights Through August 13, 2024Verde selected Chemex Global as its FEED services partner for th
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VGAS
Sec Filings
- 8/13/24 - Form 10-Q
- 8/13/24 - Form 8-K
- 7/17/24 - Form 424B3
- VGAS's page on the SEC website