Gevo, Inc. GEVO Income Statement

Gevo, inc. (GEVO)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue and cost of goods sold
Revenue from contract with Customer
21,875	24,453	24,190	26,661	31,023	32,863	32,852	31,888	29,967	27,308	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Grant and other revenue
-	-	0	0	-	25	90	178	221	228	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	47,723	0	0	0	-
Hydrocarbon revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,707	1,448	1,475	1,694	1,972	2,558	3,836	3,949	3,567	3,493	2,048	2,157	0	0	0	-	-	-	-	-	-	-	-	-	-
Grant and other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,158	1,302	1,299	1,318	935	827	779	768	2,174	2,414	2,610	2,722	1,433	1,589	2,589	2,818	2,788	2,414	1,249	807	955	1,229	0	0	0
Licensing revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Total revenues
21,909	24,487	24,224	26,689	31,023	32,863	32,917	32,041	30,163	27,536	26,693	25,938	26,509	27,213	28,674	29,747	30,558	30,137	32,341	34,465	33,262	28,266	20,460	11,446	5,584	8,224	8,453	7,888	13,056	24,385	39,690	56,634	64,140	64,549	48,816	31,772	0	0	0
Cost of goods sold
35,911	36,733	36,970	37,705	39,946	41,568	41,247	40,328	39,340	38,165	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,863	38,842	38,751	38,762	40,634	41,765	40,136	35,582	29,757	22,727	17,154	14,522	11,367	12,716	18,530	31,492	45,125	55,278	60,405	60,588	45,918	0	0	0	-
Gross loss
-14,002	-12,246	-12,746	-11,016	-8,923	-8,705	-8,330	-8,287	-9,177	-10,629	-10,284	-10,980	-10,693	-9,804	-9,189	-9,095	-8,193	-8,625	-8,293	-7,300	-6,874	-7,316	-9,297	-11,297	-12,506	-9,689	-7,223	-9,121	-8,847	-8,025	-5,435	1,356	3,735	3,961	2,898	2,086	0	0	0
Operating expenses
Research and development expense
3,622	4,020	4,963	5,039	5,563	5,374	4,987	4,332	4,754	5,182	5,865	5,811	5,389	5,216	5,265	5,636	5,932	6,610	7,720	9,916	11,737	14,120	15,313	17,066	19,308	20,179	20,632	20,557	19,452	19,431	21,017	20,827	21,442	19,753	17,369	15,368	0	0	0
Selling, general and administrative expense
10,776	10,085	9,130	8,889	8,344	8,122	6,979	6,682	7,168	7,471	8,815	9,195	9,219	8,965	9,625	12,487	14,132	16,692	18,239	16,674	17,780	18,341	19,159	22,257	23,638	25,548	27,703	34,543	37,804	43,981	45,064	39,143	36,783	28,890	31,602	28,886	0	0	0
Restructuring expenses
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	0	-	-	-
Total operating expenses
14,697	14,105	14,093	13,928	13,907	13,496	11,966	11,014	11,922	12,653	14,680	15,006	14,608	14,181	14,890	18,123	20,064	23,302	25,959	26,590	29,517	32,461	34,571	39,422	43,045	45,826	48,335	55,100	57,256	63,412	66,081	59,970	58,236	48,654	48,982	44,265	0	0	0
Loss from operations
-28,699	-26,351	-26,839	-24,944	-22,830	-22,201	-20,296	-19,301	-21,099	-23,282	-24,964	-25,986	-25,301	-23,985	-24,079	-27,218	-28,257	-31,927	-34,252	-33,890	-36,391	-39,777	-43,868	-50,719	-55,551	-55,515	-66,939	-66,922	0	-	0	0	-	-	-	-	-	-	-
Other income (expense)
Interest expense
2,522	2,732	2,868	3,030	3,167	3,237	3,292	3,336	3,062	2,951	3,495	4,784	6,400	7,837	8,555	8,576	8,359	-	8,213	8,109	8,689	8,255	7,960	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss from operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-46,084	-42,179	0	0	0
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	5,197	3,371	3,772	3,577	3,320	2,883	0	0	0
Interest expense - debt issue costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) on modification of 2020 Notes
0	-	-	-	-	-2,202	-2,202	-2,202	-3,990	-4,933	-5,853	0	0	-	0	-	-	232	0	0	0	-	-	-	-	-2,038	0	0	0	-	-	-	-	-	-	-	-	-	-
Gain from change in fair value of derivative warrant liability
20	14	60	67	-3,452	-2,976	-3,040	-3,458	2,319	5,101	11,060	12,627	-206	1,783	-1,233	2,332	5,658	577	-2,603	-3,149	5,419	6,530	0	0	0	-	-	-	-	-	-	-	-	-29	-2,081	-2,741	0	0	0
(Loss)/Gain on extinguishment of warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) gain from change in fair value of 2020/21 Notes and 2020 Notes embedded derivative liability
48	394	691	684	25	2,637	3,569	5,760	4,609	1,751	0	0	0	-	-	-	-	-	-	-	-	3,470	4,304	5,165	5,708	3,114	17,280	0	0	-	0	-	-	-	-	-	-	-	-
(Loss) from change in fair value of 2017 Notes
-	-	-	-	-	-	-	-	-	-339	-913	-2,767	-3,707	-4,204	-3,317	-1,306	-706	3,895	9,255	3,969	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on issuance of equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
0	-	0	0	-	3	2	5	25	23	27	233	0	-	0	0	-	20	12	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	114	109	0	-	0	0	-	85	123	145	0	0	0
Total other income (expense), net
-3,078	-2,309	-2,108	-2,264	-8,780	-5,775	-4,963	-3,231	-99	-1,348	2,432	-2,242	-14,256	-13,243	-18,824	-12,355	-4,199	-4,267	-5,059	160	-125	-1,368	-3,527	-11,623	-4,857	-11,291	-7,096	5,401	6,328	10,725	9,821	-3,335	-3,737	-3,521	-5,278	-5,479	0	0	0
Net loss
-31,777	-28,660	-28,947	-27,208	-31,610	-27,976	-25,259	-22,532	-21,198	-24,630	-22,532	-28,228	-39,557	-37,228	-42,903	-39,573	-32,456	-36,194	-39,311	-33,730	-36,516	-41,145	-47,395	-62,342	-60,408	-66,806	-62,654	-58,820	-59,775	-60,712	-61,695	-61,949	-58,238	-48,214	-51,362	-47,658	0	0	0
Deemed dividend - amortization of beneficial conversion feature on Series D-1 preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	1,094	2,083	2,862	0	0	0
Net loss attributable to Gevo, Inc. common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-61,695	-61,949	-58,238	-49,308	-53,445	-50,520	0	0	0
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
20,151	22,115	22,723	25,240	29,087	31,641	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
20,151	22,115	24,255	27,514	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hydrocarbon [Member]
Revenue from contract with Customer
1,724	2,338	1,885	1,942	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
1,724	2,338	1,885	1,942	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-