Gevo (GEVO) Posts Narrower than Expected Q1 Loss

Gevo (NASDAQ: GEVO) reported Q1 EPS of ($0.16), $0.16 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $6.3 million versus the consensus estimate of $8.3 million.

“We are pleased with the progress we are making at Luverne since restarting isobutanol production in March of this year. Our isobutanol production guidance remains on track in terms of gallons we expect to produce this year and our targeted variable cost of production levels that we expect to achieve. We are excited to have more visibility into larger volumes of isobutanol coming from the Luverne plant. This visibility will enable us to really focus on developing some of our core markets, such as the marina and off-road markets. And of course, I’m very excited that Alaska Airlines has set a date for its first test flight using our ATJ. We believe that this will be a key milestone in establishing our jet fuel vertical as a growth driver for Gevo’s overall business,” said Dr. Patrick Gruber, Chief Executive Officer.

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

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