Luca Technologies, Inc. IPO Info
Luca Technologies, Inc.
Citigroup, Piper Jaffray, Raymond James
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Luca Technologies, Inc. uses biotechnology to create and sustainably produce natural gas. The company's proprietary technology stimulates native microorganisms that reside in subsurface hydrocarbon deposits, such as coal, oil, and organic-rich shales, to accelerate the bioconversion of such resources into methane, the principal component of natural gas, which we produce and sell using existing infrastructure.
The company posted 2011 revenues of $1.06 million, versus $2.4 million in 2010. The company posed a net loss in 2011 of $18 million, versus a loss of $19.7 million in 2010.