in this issue
Markets :: Alternative Fuels :: Biorefineries
Gevo posts net loss; on track for Luverne restart in 2013
April 30, 2013 | Rebecca Coons
Biobased isobutanol firm Gevo (Englewood, CO) reported a net loss of $18.4 million (45 cts/share) for its fiscal first-quarter ended 31 March, compared with a net loss of $19.3 million in the year-ago quarter. Analysts expected the company to post a net loss of 40 cts/share, according to Thomson Reuters (New York). Revenue fell 76.5%, to $3.5 million, reflecting ethanol sales from its Luverne, MN biorefinery in the 2012 quarter. Revenue reported in the first quarter of 2013 included proceeds of $2.4 million from further reduction of Gevo's corn inventory, with...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee