LanzaTech Global (NASDAQ:LNZA) Issues Quarterly Earnings Results

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

LanzaTech Global Trading Down 8.1 %

Shares of LNZA opened at $1.70 on Friday. The stock has a fifty day moving average price of $1.73 and a two-hundred day moving average price of $1.94. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.43. LanzaTech Global has a 52-week low of $1.16 and a 52-week high of $5.73.

About LanzaTech Global

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.