LanzaTech reports Q4 EPS (14c), consensus (14c)

Reports Q4 revenue $12.03M, consensus $23.55M. The revenue decrease was driven primarily by Q4 2023 benefiting from engineering services performed across several projects which were subsequently completed. The company said, “Evaluating liquidity enhancing initiatives, including capital raising, partnership or asset-related opportunities, and other strategic options. Management has concluded that these initiatives and cost reduction plans do not alleviate substantial doubt about the Company’s ability to continue as a going concern, per applicable GAAP requirements.”