LanzaTech narrows annual loss in 2016; wary of petrol prices, comercialising tech

Fri, 28 Apr 2017

By Rebecca Howard April 28 (BusinessDesk) - LanzaTech New Zealand, the New Zealand-founded carbon recycling company, reported a slightly narrower annual loss and while the directors signalled a number of risks they concluded it has sufficient funds to continue operating for the foreseeable future. The US-based company reported a net loss of US$37.4 million in calendar 2016 versus a loss of $38.3 in the prior year, according to its annual report. Revenues were $4.1 million versus $3.95 million in the prior year and were generated by $2.4...

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