Reports Q3 revenue $4.53M, consensus $4.1M. Commenting on the third quarter of 2023 and recent corporate events, Patrick Gruber, Gevo‘s CEO, said “We completed FEED earlier this year for our Net-Zero 1 plant (“NZ1″), came to general engineering, procurement and construction terms with McDermott, are deep into detailed engineering, and are three months into the full formal due diligence and term sheet negotiation process for a U.S. Department of Energy loan guarantee for the NZ1 project. We said in August that it could take up to 12 months to complete the process, and based on the positive progress we have made this quarter, we believe we are on track.”
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