Gevo reports Q4 EPS (11c), consensus (6c)

Reports Q4 revenue $500,000, consensus $1.92M. Commenting on the fourth quarter of 2022 and recent corporate events, Patrick Gruber, Gevo‘s CEO, commented "We continue to make progress on the development and financing of NZ1 and we are receiving solid engagement from potential investors who are interested in partnering with Gevo for the project financing of NZ1. We expect to continue development of the Lake Preston site using cash from our balance sheet prior to the financial close, which is expected to be later this year. Several of the potential equity investors have indicated interest in programmatic investment across multiple Net-Zero projects; however, negotiations are ongoing. We remain on track for a 2025 commencement of operations."