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Gevo (GEVO) Reports Q4 Loss of $0.33/Share

March 29, 2017 5:37 PM EDT

Gevo (NASDAQ: GEVO) reported Q4 EPS of ($0.33), versus ($8.87) reported last year. Revenue for the quarter came in at $8.16 million, versus $9 million reported last year.

Outlook for 2017

Gevo has established the following specific operational and financial targets and milestones for 2017:

  • Restructure Gevo’s balance sheet in a manner that addresses the $17.7 million of debt represented by its outstanding convertible notes and that allows Gevo to execute on its long-term strategy and business development plan.
  • Obtain binding supply contracts for a combination of isobutanol and related hydrocarbon products equal to at least fifty percent (50%) of the capacity of the expanded Agri-Energy Facility that Gevo plans to construct (the “Agri-Energy Facility Expansion”).
  • Gevo estimates that its maximum annual isobutanol production capacity at the Agri-Energy Facility to be currently over 1 million gallons per year. As described below, however, Gevo expects to produce isobutanol at levels that better match market development sales in 2017. As such, Gevo expects to produce approximately 500,000 gallons of isobutanol during 2017.
  • Achieve a cash EBITDA loss of between $18.0-$20.0 million for the fiscal year ending December 31, 2017.4

For earnings history and earnings-related data on Gevo (GEVO) click here.



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