Verde Clean Fuels(US:VGAS)2025-08-13 20:19Financial Performance - For Q2 2025, Verde Clean Fuels, Inc. reported a net loss of $2.5 million, with a diluted net loss per share of $0.07[4] - For the first half of 2025, the company recorded a net loss of $5.2 million, with a diluted loss per share of $0.15[4] - General and administrative expenses for Q2 2025 were $3.1 million, compared to $3.0 million in Q2 2024[10] - Research and development expenses for the first half of 2025 were $328,548, up from $258,855 in the same period of 2024[10] Cash and Assets - As of June 30, 2025, Verde had cash and cash equivalents of $62.1 million and no debt[5] - Total assets as of June 30, 2025, were $68.7 million, significantly up from $23.6 million at the end of 2024[12] Project Development - The company capitalized $2.2 million in front-end engineering and design costs for the proposed Permian Basin project[5] - The company is advancing plans for a natural gas-to-gasoline plant in the Permian Basin, in collaboration with Cottonmouth[3] - Verde's technology aims to convert associated natural gas into gasoline, potentially reducing carbon intensity compared to conventional gasoline[6] - The company continues to evaluate additional opportunities for deploying its proprietary liquid fuels processing technology[3]