The share price of Gevo Inc. (GEVO) fell by -2.98% to $5.54 in Thursday’s after-hours trading. The GEVO stock fell -1.55% to close at $5.71 during regular trading. GEVO stock recorded a trading volume of 6.73 million shares, below the average daily volume of 7.6 million shares for the past 50 days. Over the last five days, GEVO stock has lost -1.72%. But over the past month, GEVO stock has declined -3.71%. Over the past quarter, the GEVO stock price has risen by 19.96% and has risen by 930.69 percent this year. GEVO stock dropped afterhours following the release of its quarterly results.

Has GEVO Stock had a good quarter?

In order to make energy-dense liquid hydrocarbons from renewable energy and carbon, GEVO transforms renewable energy and carbon. Using these liquid hydrocarbons to make drop-in transportation fuels is possible. When burned, these products have the potential to create net-zero emissions of greenhouse gases over their entire lifecycle. Raw materials used by GEVO Stock include renewable resources-based carbohydrates.

As part of its development of renewable electricity and renewable natural gas for production, GEVO is also at an advanced stage. These efforts will allow GEVO stock to develop fuels with low carbon intensity (a measure of greenhouse gas emissions across the entire lifecycle of the fuel compared to petrolium fossil fuels). Infrastructure and engines run as well as or better with GEVO’s products compared to fossil fuels, yet with significantly lower emissions.

GEVO today announced its second-quarter 2021 financial results.

Financial Highlights for Q2 2021:

• For the quarter, GEVO stock had $567.2 million in cash, cash equivalents, restrict cash and marketable securities.
• This compares to $525.3 at the end of the first quarter of 2021 and $6.3 million at the end of the second quarter of 2020.
• The revenue generated by GEVO was $0.4 million for the quarter versus $1.0 million for Q2 2020.
• Loss from operations for GEVO stock was (19.0) million for the quarter, which was lower than ($5.3) million for Q2 2020.
• A preliminary stage project cost of $5.5 million is included in GEVO’s currently reported loss.
• Non-GAAP equivalent, GEVO lost ($17.1) million in cash EBITDA for the quarter, compared to ($3.1) million of loss in Q2 2020.
• Accordingly, GEVO posted a net loss per share of ($0.09) for the quarter, compared to ($0.40) in Q2 2020.
• With an adjusted net loss per share of ($0.09), the quarter came in lower than GEVO’s adjusted net loss per share of ($0.39) in Q2 2020.

Corporate move:

On Monday, GEVO announced its wholly-owned Renewable Natural Gas (RNG) project company, Gevo NW Iowa RNG, LLC (“Gevo RNG”), has entered into a binding and definitive agreements with BP Products North America Inc. for the sale of Renewable Natural Gas. It is expected that RNG will start in early 2022, on schedule and within budget. Gevo RNG expects to pay GEVO stock approximately $9 million to $16 million in cash per year beginning in late 2022.