LanzaTech reports Q4 revenue $20.5M vs. $11.6M last year

Reports Q4 net loss ($18.7M) vs. ($21.4M) last year. Adjusted EBITDA for the fourth quarter was ($13.7M), reflecting a sequential improvement of 28% compared to the third quarter of 2023. “2023 was an important year for LanzaTech, and I am extremely proud of the many notable milestones and accomplishments achieved during the Company’s inaugural year as a publicly traded company,” said Jennifer Holmgren, Board Chair and CEO of LanzaTech. “However, our results for the fourth quarter and full year 2023 demonstrate we have a lot more work ahead of us. The organizational initiatives and corrective actions announced are focused on better enabling us to execute our primary strategic objectives including safety, commercial growth, and profitability. While I am disappointed in our financial performance in the fourth quarter, after three prior quarters of more significant growth, I have full confidence in our leadership team to execute our business plan and to continue our path toward profitability with a new sense of accountability from the top down.”