Gevo, inc. (GEVO)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue and cost of goods sold
Revenue from contract with Customer

3,825

6,888

6,104

5,058

6,403

6,625

8,575

9,420

8,243

6,614

7,611

7,499

5,584

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Grant and other revenue

-

-

6

28

-

0

0

0

25

65

88

43

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,258

-

17,318

14,321

15,109

975

-

Hydrocarbon revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

451

713

298

245

192

740

517

523

778

2,018

630

141

704

573

739

-

-

-

-

-

-

-

-

-

-

Grant and other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

130

232

265

531

274

229

284

148

166

181

273

1,554

406

377

385

265

562

1,377

614

235

188

212

172

383

462

Licensing revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138

-

Total revenues

3,825

6,888

6,110

5,086

6,403

6,625

8,575

9,420

8,243

6,679

7,699

7,542

5,616

5,836

6,944

8,113

6,320

7,297

8,017

8,924

5,899

9,501

10,141

7,721

903

1,695

1,127

1,859

3,543

1,924

562

7,027

14,872

17,229

17,506

14,533

15,281

1,496

462

Cost of goods sold

8,139

9,427

9,893

8,452

8,961

9,664

10,628

10,693

10,583

9,343

9,709

9,705

9,408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,650

9,989

9,223

9,001

10,629

9,898

9,234

10,873

11,760

8,269

4,680

5,048

4,730

2,696

2,048

1,893

6,079

8,510

15,010

15,526

16,232

13,637

15,193

856

-

Gross loss

-4,314

-2,539

-3,783

-3,366

-2,558

-3,039

-2,053

-1,273

-2,340

-2,664

-2,010

-2,163

-3,792

-2,319

-2,706

-1,876

-2,903

-1,704

-2,612

-974

-3,335

-1,372

-1,619

-548

-3,777

-3,353

-3,619

-1,757

-960

-887

-5,517

-1,483

-138

1,703

1,274

896

88

640

462

Operating expenses
Research and development expense

580

308

1,789

945

978

1,251

1,865

1,469

789

864

1,210

1,891

1,217

1,547

1,156

1,469

1,044

1,596

1,527

1,765

1,722

2,706

3,723

3,586

4,105

3,899

5,476

5,828

4,976

4,352

5,401

4,723

4,955

5,938

5,211

5,338

3,266

3,554

3,210

Selling, general and administrative expense

2,783

3,380

2,431

2,182

2,092

2,425

2,190

1,637

1,870

1,282

1,893

2,123

2,173

2,626

2,273

2,147

1,919

3,286

5,135

3,792

4,479

4,833

3,570

4,898

5,040

5,651

6,668

6,279

6,950

7,806

13,508

9,540

13,127

8,889

7,587

7,180

5,234

11,601

4,871

Restructuring expenses

299

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

11

-

-

-

Total operating expenses

3,662

3,688

4,220

3,127

3,070

3,676

4,055

3,106

2,659

2,146

3,103

4,014

3,390

4,173

3,429

3,616

2,963

4,882

6,662

5,557

6,201

7,539

7,293

8,484

9,145

9,649

12,144

12,107

11,926

12,158

18,909

14,263

18,082

14,827

12,798

12,529

8,500

15,155

8,081

Loss from operations

-7,976

-6,227

-8,003

-6,493

-5,628

-6,715

-6,108

-4,379

-4,999

-4,810

-5,113

-6,177

-7,182

-6,492

-6,135

-5,492

-5,866

-6,586

-9,274

-6,531

-9,536

-8,911

-8,912

-9,032

-12,922

-13,002

-15,763

-13,864

-12,886

-

-24,426

-15,746

-

-

-

-

-

-

-

Other income (expense)
Interest expense

545

605

605

767

755

741

767

904

825

796

811

630

714

1,340

2,100

2,246

2,151

-

2,121

2,029

2,035

2,028

2,017

2,609

1,601

-

1,733

-

-

-

-

-

-

-

-

-

-

-

-

Loss from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,220

-

-11,524

-11,633

-8,412

-14,515

-7,619

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,312

3,276

-

2,624

450

1,087

1,036

798

851

892

779

361

Interest expense - debt issue costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

581

3,185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) on modification of 2020 Notes

-669

-

-

-

-

0

0

-2,181

-21

0

0

-3,969

-964

-

-920

-

-

-53

0

0

285

-

-

-

-

0

0

-1,112

-926

-

-

-

-

-

-

-

-

-

-

Gain from change in fair value of derivative warrant liability

7

13

-2

2

1

59

5

-3,517

477

-5

-413

2,260

3,259

5,954

1,154

-10,573

5,248

2,938

4,719

-7,247

167

-242

4,173

1,321

1,278

-

-

-

-

-

-

-

-

0

0

0

-29

-2,052

-660

(Loss)/Gain on extinguishment of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-923

-

-

-

1,775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain from change in fair value of 2020/21 Notes and 2020 Notes embedded derivative liability

-100

0

0

148

246

297

-7

-511

2,858

1,229

2,184

-1,662

0

-

-

-

-

-

-

-

-

0

726

1,480

1,264

834

1,587

2,023

-1,330

-

15,000

-

-

-

-

-

-

-

-

(Loss) from change in fair value of 2017 Notes

-

-

-

-

-

-

-

-

-

0

0

0

-339

-574

-1,854

-940

-836

313

157

-340

3,765

-

5,673

-5,129

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on issuance of equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,519

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

30

-

-9

20

-

-2

-3

0

8

-3

0

20

6

-

1

206

-

6

1

2

11

-

-

-2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

24

43

48

-

-1

19

-

0

17

18

50

38

39

Total other income (expense), net

-1,277

-588

-616

-597

-508

-387

-772

-7,113

2,497

425

960

-3,981

1,248

4,205

-3,714

-15,995

2,261

-1,376

2,755

-7,839

2,193

-2,168

7,974

-8,124

950

-4,327

-122

-1,358

-5,484

-132

12,375

-431

-1,087

-1,036

-781

-833

-871

-2,793

-982

Net loss

-9,253

-6,815

-8,619

-7,090

-6,136

-7,102

-6,880

-11,492

-2,502

-4,385

-4,153

-10,158

-5,934

-2,287

-9,849

-21,487

-3,605

-7,962

-6,519

-14,370

-7,343

-11,079

-938

-17,156

-11,972

-17,329

-15,885

-15,222

-18,370

-13,177

-12,051

-16,177

-19,307

-14,160

-12,305

-12,466

-9,283

-17,308

-8,601

Deemed dividend - amortization of beneficial conversion feature on Series D-1 preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

0

0

0

1,094

989

779

Net loss attributable to Gevo, Inc. common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,885

-15,222

-18,370

-

-12,051

-16,177

-19,307

-14,160

-12,305

-12,466

-10,377

-18,297

-9,380

Net loss per share - basic and diluted (in dollars per share)

-0.64

-0.49

-0.66

-0.60

-0.60

4.52

-0.85

-7.19

-2.22

-11.47

-5.03

-13.22

-0.51

-179.60

-2.04

-8.75

-3.13

-49.24

-0.39

-1.10

-0.88

-146.75

-0.16

-3.79

-2.65

-21.09

-0.34

-0.35

-0.45

-0.19

-0.31

-0.62

-0.74

-0.43

-0.48

-0.48

-0.76

-15.87

-8.15

Weighted-average number of common shares outstanding - basic and diluted (in shares)

14,472

13,703

12,968

11,885

10,153

8,696

8,087

1,597

1,126

-9,919

825

768

11,584

-7,673

4,837

2,454

1,150

-35,205

16,688

13,009

8,312

-13,783

5,808

4,531

4,517

-118,402

46,052

43,371

40,996

39,499

38,547

26,242

26,186

26,173

25,870

25,852

13,744

-

-

Weighted-average number of common shares outstanding-basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,152

1,151

Ethanol Sales and Related Products [Member]
Revenue from contract with Customer

3,700

5,931

5,554

4,966

5,664

6,539

8,071

8,813

8,218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

3,700

5,931

5,554

4,966

5,664

-

8,071

8,813

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hydrocarbon [Member]
Revenue from contract with Customer

125

957

550

92

739

-

504

607

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

125

957

550

92

739

-

504

607

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-