LanzaTech Global (NASDAQ:LNZA) Releases Earnings Results, Misses Estimates By $0.16 EPS

LanzaTech Global (NASDAQ:LNZA) issued its earnings results on Friday. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.16), RTT News reports. LanzaTech Global had a negative net margin of 143.76% and a negative return on equity of 96.75%. The firm had revenue of $9.94 million during the quarter, compared to analyst estimates of $17.87 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share.

LanzaTech Global Price Performance

NASDAQ:LNZA opened at $1.70 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $1.73 and a 200-day moving average of $1.94. LanzaTech Global has a 52 week low of $1.16 and a 52 week high of $5.73.

LanzaTech Global Company Profile

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.