NASDAQ$LNZA
LanzaTech Global Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Financial results reported for Q3 2024, outlook updated for 2024, and business model expanded to accelerate revenue growth.
LanzaTech reported a disappointing Q3 2024 with revenue of $9.9 million, missing financial targets due to a delay in a LanzaJet sublicensing event and softer ethanol pricing. However, the company announced a long-term off-take agreement with ArcelorMittal and advanced Project Drake, positioning it for greater upside.
- Announced a two-stage ethanol off-take agreement with ArcelorMittal, including contracts for one-year and five-year terms.
- Announced Project Drake, a 30 million gallon per year, EU-based, ethanol-to-sustainable aviation fuel project, with a financing commitment expected by the end of 2024.
- Reported revenue of $9.9 million for third-quarter 2024, compared to $19.6 million for third-quarter 2023, with the decrease driven by timing delay in anticipated LanzaJet sublicensing event and higher engineering services revenue in the prior year.
- Expanding business model to complement licensing business by developing and financing more of LanzaTech's own projects with infrastructure capital partners.
Headline financials
Revenue & EPS history
LanzaTech · Revenue · Quarterly
$9.94M
Revenue by segment
LanzaTech · $1M total across 1 segment · Q2 2023
- CarbonSmart$1M—100.0%
Forward guidance
LanzaTech anticipates a wide range of potential financial outcomes for the fourth quarter and full year 2024, contingent on several large initiatives with varying degrees of timing uncertainty.
Tailwinds
- Base business expected to generate approximately $10.0 million in revenue.
- Advancement of Project Drake is forecasted to have a material positive impact on cash flow and income.
- Potential project transfer in Norway, pending a positive FID evaluation by Brookfield, could represent approximately $20.0 million of revenue or income.
- Finalization of the award contracting process for Project SECURE is forecasted to generate approximately $4.0 million of revenue.
- Successful signing of another Alcohol-to-Jet sublicense agreement by LanzaJet could result in additional share consideration and incremental revenue estimated to be approximately $8.0 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q3 2024
-1.1%
Avg return
Earnings day
-4.6%
Avg return
5 days after
-1.4%
Avg return
30 days after
29%
5 / 17 earnings
Positive
+25.0%
Q4 2025
Best reaction
-13.5%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.8% | -53.9% | -71.5% | |
| Q4 2025 | +25.0% | +12.5% | +54.8% | |
| Q4 2024 | +8.7% | +24.7% | +25.1% | |
| Q3 2025 | -4.7% | -7.6% | +2.4% | |
| Q2 2025 | -4.6% | +1.0% | -6.8% | |
| Q1 2025 | -5.7% | -24.6% | +1.9% | |
| Q3 2024 | -13.5% | -29.2% | -43.8% | |
| Q2 2024 | -9.8% | +0.0% | +2.3% | |
| Q1 2024 | -8.9% | +1.7% | -22.9% | |
| Q4 2023 | -4.5% | -5.0% | -8.2% | |
| Q3 2023 | +0.5% | +13.1% | +14.7% | |
| Q2 2023 | -6.9% | +0.6% | +11.1% | |
| Q1 2023 | -3.5% | -2.3% | +24.0% | |
| Q4 2022 | +15.1% | -8.6% | -7.0% | |
| Q3 2022 | +0.1% | +0.2% | +0.5% | |
| Q2 2022 | -0.6% | -0.6% | -0.6% | |
| Q1 2022 | +0.0% | +0.0% | +0.0% |
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