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Last $2.47 USD
Change Today -0.07 / -2.76%
Volume 378.7K
GEVO On Other Exchanges
Symbol
Exchange
Frankfurt
As of 4:30 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

gevo inc (GEVO) Key Developments

Gevo, Inc. Auditor Raises 'Going Concern' Doubt

Gevo, Inc. filed its 10-K on Mar 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Gevo, Inc. Announces Unaudited Consolidated and Company Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Gevo, Inc. announced unaudited consolidated and company earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, on consolidated basis, the company reported total revenues of $9,501,000 against $1,695,000 a year ago. Loss from operations was $8,911,000 against $13,002,000 a year ago. Net loss was $11,079,000 or $0.11 per basic and diluted share against $17,329,000 or $0.35 per basic and diluted share a year ago. Net cash used in operating activities was $6,384,000 against $15,328,000 a year ago. Acquisitions of property, plant and equipment, net was $341,000 against $5,172,000 a year ago. Non-GAAP loss from operations was $6,747,000 against $11,339,000 a year ago. For the year, on consolidated basis, the company reported total revenues of $28,266,000 against $8,224,000 a year ago. Loss from operations was $39,777,000 against $55,515,000 a year ago. Net loss was $41,145,000 or $0.51 per basic and diluted share against $66,806,000 or $1.48 per basic and diluted share a year ago. Net cash used in operating activities was $38,990,000 against $47,048,000 a year ago. Acquisitions of property, plant and equipment, net was $4,894,000 against $7,800,000 a year ago. Non-GAAP loss from operations was $32,037,000 against $48,211,000 a year ago. For the quarter, on company basis, the company reported loss from operations of $6,601,000 against $7,517,000 a year ago. Non-GAAP loss from operations was $5,887,000 against $6,466,000 a year ago. For the year, on company basis, the company reported loss from operations of $26,567,000 against $39,745,000 a year ago. Non-GAAP loss from operations was $22,849,000 against $34,834,000 a year ago.

Gevo Signs Strategic Alliance Memorandum of Understanding with Praj Industries Limited

Gevo, Inc. announced that Praj Industries Limited has signed a memorandum of understanding to become a Gevo licensee for producing renewable isobutanol at sugar-based ethanol plants. Under the MOU, Praj will undertake to license up to 250 million gallons of isobutanol capacity for sugar-based ethanol plants over the next ten years. Gevo will market the isobutanol produced by Praj's sub-licensees. Praj will also contribute process engineering and equipment services to expand isobutanol capacity at Gevo's plant in Luverne, Minn, as well as to improve yields and optimize energy consumption at the facility.

Gevo, Inc. Sells Renewable Jet Fuel to NASA

Gevo, Inc. announced that the National Aeronautics and Space Administration (NASA) has purchased Gevo's renewable Alcohol-to-Jet fuel (ATJ) for aviation use at the NASA Glenn Research Center in Cleveland, OH. Gevo's ATJ is manufactured at its demonstration biorefinery located in Silsbee, TX, using renewable isobutanol produced at its Luverne, MN, isobutanol plant. The biorefinery, where Gevo also produces bio-paraxylene and bio-isooctane, is operated in conjunction with South Hampton Resources.

Gevo, Inc. Proposes Amendment to the Certificate of Incorporation

Gevo, Inc. announced that at its special meeting of the stockholders to be held on April 13, 2015, the shareholders has proposed the amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of the outstanding shares of the company’s common stock, par value $0.01 per share.

 

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GEVO

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Valuation GEVO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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