Lanzatech announces fourth quarter and full year 2023 financial results and provides full year 2024 financial outlook

Total revenue of $20.5 million for fourth quarter 2023, increase of 77% over fourth quarter 2022 full year 2024 revenue anticipated to be between $90 million and $105 million with adjusted ebitda for the full year 2024 of between $(65) million and $(55) million cash, restricted cash, and investments of $121.4 million at year-end 2023, with lower quarterly cash burn of $15.4 million for fourth quarter 2023 chicago, feb. 28, 2024 (globe newswire) -- lanzatech global, inc. (nasdaq: lnza) (“lanzatech” or the “company”), the carbon recycling company transforming waste carbon into sustainable raw materials, today reported its financial and operating results for the fourth quarter and full year 2023. fourth quarter and full year 2023 financial results: in the fourth quarter of 2023, revenue totaled $20.5 million, reflecting an increase of 77% compared to $11.6 million in the fourth quarter of 2022.
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