Gevo Reports Second Quarter 2016 Financial Results

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Go back to Gevo Reports Second Quarter 2016 Financial Results

Gevo (GEVO) Reports Q2 Loss of $0.15/Share, Offers Outlook

August 9, 2016 4:30 PM EDT

Gevo (NASDAQ: GEVO) reported Q2 EPS of ($0.15), versus ($0.66) reported last year. Revenue for the quarter came in at $8.11 million, versus $8.9 million reported last year.

Outlook for 2016

As previously disclosed, Gevo restarted production of isobutanol at its production facility in Luverne, Minnesota in March 2016. All operations, including the distillation system, are now up and running. During 2016, Gevo has produced approximately 168,000 gallons of isobutanol and one fermentation batch surpassed 20,000 gallons of isobutanol, slightly exceeding the high end of the range of our previously announced goal of 18,000-20,000 gallons per batch. The fermentation... More