CHICAGO, May 30, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), the carbon recycling company transforming waste carbon into sustainable raw materials, today announced that Kate Walsh has joined the Company as Vice President, Investor Relations, effective May 20, 2024. Bringing nearly 15 years of public company investor relations and finance experience to her new role, Ms. Walsh is responsible for driving LanzaTech's financial communications strategy and engage ...

Financial Data and Key Metrics Changes - The company reported revenue of approximately $10 million for Q1 2024, reflecting a 6% year-on-year growth and aligning with internal forecasts [6][110] - Gross margin improved to 34%, with gross profit reaching $3.5 million, marking an 87% year-on-year increase [6][89] - Adjusted EBITDA loss increased to $22.1 million, attributed to lower revenue and gross profit compared to Q4 2023 [114] Business Line Data and Key Metrics Changes - CarbonSmart revenue was approximately $1 million, and JDA & Contract Research revenue was $4.3 million, both showing year-on-year growth [88] - Biorefining revenue declined to $5 million year-on-year, but engineering services revenue contributed positively [88] - The total operating project count stands at eight, including both commercial and demonstration scale projects [17] Market Data and Key Metrics Changes - The sustainable aviation fuel (SAF) market continues to gain momentum, with increasing demand for waste-based feedstocks [31][63] - The UK SAF mandate stipulates that SAF must account for 2% of all fuel in the aviation sector, increasing to 10% by 2030 and 22% by 2040, creating a protected market for advanced SAF [34] Company Strategy and Development Direction - The company is focused on advancing its commercial project pipeline and integrating technologies to produce sustainable ethylene from captured carbon dioxide emissions [25][29] - Project SECURE, supported by a $200 million grant from the U.S. Department of Energy, aims to decarbonize ethylene production [10][25] - The company is committed to a culture of safety and has reported no safety incidents at its facilities during the quarter [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the SAF market and the company's positioning within it, highlighting the importance of waste-based ethanol [31][63] - The company reiterated its 2024 financial guidance, expecting revenue between $90 million and $105 million, reflecting a growth of approximately 55% year-on-year [27][96] - Management acknowledged the challenges in the energy sector but emphasized the importance of their innovative approach to carbon utilization [131] Other Important Information - The company is in the process of completing a $100 million investment round to accelerate growth, with commitments from major investors [40] - The total installed maintenance production capacity across its licensed projects is approximately 310,000 tons of ethanol per year [36] Q&A Session Summary Question: What is the expected revenue growth in Q2? - The company anticipates a revenue growth of 20% to 40% in Q2 compared to Q1, indicating a strong ramp in the back half of the year [102] Question: How will the company manage LanzaJet production allocations? - LanzaJet has 10-year offtakes for all fuel production, ensuring that production is fairly allocated among offtakers [57] Question: What is the status of Project SECURE? - The company expects to start work on Project SECURE in the back half of the year, with revenues associated with the project included in current guidance [56]

LanzaTech Global, Inc. (LNZA) came out with a quarterly loss of $0.13 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.58 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.09, delivering a surprise of 10%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.LanzaTech Global, Inc., which belongs ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number 001-40282 FORM 10-Q (Mark One) LanzaTech Global, Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: | Title of each cl ...

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 9, 2024 LanzaTech Global, Inc. (Exact name of registrant as specified in its charter) | Delaware | 001-40282 | 92-2018969 | | --- | --- | --- | | (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer | | of incorporation) | | Identification No.) | | 8045 Lamon Avenue, Suite 400 | | | | Skokie, Illinois | | 60077 | | (Address of principal executive offices) | | (Zi ...

CHICAGO, April 18, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (Nasdaq: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming waste carbon into sustainable raw materials, today announced that it will issue its first quarter 2024 financial results before the market opens on Thursday, May 9, 2024. A conference call will be held that same day at 8:30 A.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-40282 LanzaTech Global, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Ju ...

LanzaTech Global, Inc. (NASDAQ:LNZA) Q4 2023 Earnings Conference Call February 28, 2024 8:30 AM ET Company Participants Omar El-Sharkawy - VP, Corporate Development Jennifer Holmgren - CEO Geoff Trukenbrod - CFO Conference Call Participants Leo Mariani - ROTH MKM Pavel Molchanov - Raymond James Ryan Pfingst - B. Riley FBR Jeffrey Campbell - Seaboard Partners Operator Good day, and welcome to the LanzaTech Global, Inc. Fourth Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mo ...

Nasdaq: LNZA 4Q AND FY 2023 EARNINGS PRESENTATION February 28, 2024 SAFE HARBOR STATEMENT This presentation includes data obtained from third-party studies and internal company surveys prepared for other purposes. The company has not independently verified the data obtained from these sources. Forward-looking information obtained from these sources is subject to the same qualification and the additional uncertainties regarding the other forward-looking statements in this presentation. | --- | --- | --- | |- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 28, 2024 ☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2( ...