The carbon recycling firm narrowed its net loss year-over-year while reporting first-quarter revenue of $12 million.
LanzaTech Global reported a first-quarter net loss of $14.7 million, improving from a $19.2 million loss in the same period last year. Revenue for the quarter reached $12 million, with GAAP earnings per share at -$1.77.
The year-over-year reduction in net loss reflects ongoing cost management efforts. Comparable revenue figures for the prior-year quarter were not disclosed, but the company highlighted operational adjustments as a key driver of the narrower deficit.
No immediate market reaction was detailed in the release.