GEVO Reports Earnings for Q2 FY2023 on June 30th
August 14, 2023
🌥️Earnings Overview
GEVO ($NASDAQ:GEVO) announced its earnings results for the second quarter of FY2023 on June 30, 2023. Total revenue rose to USD 4.2 million compared to the same period in the previous year, while net income decreased to USD -14.4 million.
Market Price
On June 30th, GEVO reported their earnings for the second quarter of FY2023. At the start of the trading day on Thursday, GEVO stock opened at $1.7 but by the end of the day, had dropped to $1.6, representing a 5.5% decrease from its prior closing price of $1.6. This drop in stock price came despite the company’s positive earnings report, which included higher-than-expected revenue and profits.
Investors seemed to be reacting negatively to the news, as the stock has been steadily declining since the report was released. It remains to be seen if GEVO can turn their fortunes around and bring the stock price back up. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gevo. GEVO_Reports_Earnings_for_Q2_FY2023_on_June_30th”>More…
| Total Revenues | Net Income | Net Margin |
| 9.15 | -101.21 | -863.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gevo. GEVO_Reports_Earnings_for_Q2_FY2023_on_June_30th”>More…
| Operations | Investing | Financing |
| -64.79 | 241.27 | -0.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gevo. GEVO_Reports_Earnings_for_Q2_FY2023_on_June_30th”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 674.56 | 91.46 | 2.45 |
Key Ratios Snapshot
Some of the financial key ratios for Gevo are shown below. GEVO_Reports_Earnings_for_Q2_FY2023_on_June_30th”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -19.8% | – | -1081.4% |
| FCF Margin | ROE | ROA |
| -1349.9% | -10.5% | -9.2% |
Analysis
At GoodWhale, we conducted an analysis on GEVO‘s wellness, and according to our Star Chart, GEVO is strong in assets and weak in dividend, growth, and profitability. Additionally, GEVO’s health score is 4/10, considering its cashflows and debt, so we conclude that the company might be able to safely ride out any crisis without the risk of bankruptcy. We also classified GEVO as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given this information, we believe GEVO would be a good investment option for conservative investors who are looking for steady, long-term returns. The company’s moderate growth in revenue and earnings make it a safe bet for investors who don’t want to take too much risk. Additionally, GEVO’s relatively strong asset base and ability to ride out crises mean that it should remain stable in the long run. More…
Peers
The competition in the renewable energy industry is heating up, with Gevo Inc leading the pack. The company’s main competitors are Hypower Fuel Inc, Graphene Manufacturing Group Ltd, and Yunnan Energy Investment Co Ltd. All four companies are vying for a piece of the pie in this rapidly growing industry.
– Hypower Fuel Inc ($OTCPK:HYPF)
Graphene Manufacturing Group Ltd is a company that produces graphene. Graphene is a material that is made of carbon atoms. It is very strong and can be used to make things like batteries and solar panels. The company has a market cap of 239.39M as of 2022 and a return on equity of -85.31%. This means that the company is not doing well financially.
– Graphene Manufacturing Group Ltd ($TSXV:GMG)
Yunnan Energy Investment Co Ltd is a state-owned enterprise in the People’s Republic of China, engaged in the business of power generation and distribution, coal mining and trading, and other energy-related businesses. As of December 31, 2020, the Company had a total installed capacity of 12,830 MW. Yunnan Energy Investment Co Ltd’s ROE for 2020 was 6.27%. The Company’s market cap as of 2022 is 10.3B.
Summary
GEVO has released its earnings report for the second quarter of FY2023, which saw total revenue increase to USD 4.2 million, but net income decrease to USD -14.4 million. This has caused the company’s stock price to drop significantly on the same day. Therefore, investors should take caution when looking into GEVO as an investment.
While the company is showing positive revenue growth compared to the same period last year, its losses in net income could be a sign of underlying financial issues. It is important to research the company further before making any decisions on investing in GEVO.
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