Verde Clean Fuels(US:VGAS)2025-03-28 20:26Financial Performance - For Q4 2024, Verde Clean Fuels, Inc. reported a net loss of $(2.7) million, with a diluted net loss per share of $(0.14) [4] - For the full year 2024, the company recorded a net loss of $(10.5) million, resulting in a diluted net loss per share of $(0.53) [4] - General and administrative expenses for Q4 2024 were $2.7 million, compared to $2.3 million in Q4 2023 [13] - Research and development expenses for the full year 2024 were $451,072, up from $329,194 in 2023 [13] Assets and Equity - As of December 31, 2024, Verde had cash and cash equivalents of $19.0 million and no debt [5] - Total assets decreased from $31.9 million in 2023 to $23.6 million in 2024 [15] - Stockholders' equity decreased from $28.8 million in 2023 to $20.7 million in 2024 [15] Investments and Agreements - The company capitalized $1.0 million in FEED costs related to the proposed Permian Basin project [5] - Verde signed a joint development agreement with Cottonmouth for a natural gas-to-gasoline plant in the Permian Basin [3] - Cottonmouth made a $50 million equity investment in Verde, totaling $70 million over two years, making it the second largest shareholder [6]