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● ● gevo Gevo Reports Second Quarter 2021 Financial Results Gevo to Host Conference Call Today at 4:30 p.m. EDT / 2 : 30 p.m. MDT ENGLEWOOD , Colo . - August 12 , 2021 - Gevo , Inc. ( NASDAQ : GEVO ) today announced financial results for the second quarter of 2021 and recent corporate highlights . Recent Corporate Highlights ● 345 Inverness Drive South Building C , Suite 310 Englewood , CO 80112 ● T 303-858-8358 F 303-858-8431 gevo.com On April 15 , 2021 , Gevo closed the offering of $ 68,155,000 in 2021 Bonds to finance the construction of its renewable natural gas project in Iowa . 2021 Second Quarter Financial Highlights Ended the quarter with cash , cash equivalents , restricted cash and marketable securities totaling $ 567.2 million compared to $ 525.3 as of the end of Q1 2021 and $ 6.3 million as of the end of Q2 2020 Revenue of $ 0.4 million for the quarter compared to $ 1.0 million in Q2 2020 Loss from operations ( which includes $ 5.5 million of preliminary stage project costs for Net - Zero 1 ) of ( $ 19.0 ) million for the quarter compared to ( $ 5.3 ) million in Q2 2020 On August 9 , 2021 , Gevo announced that its wholly - owned renewable natural gas ( " RNG " ) project company , Gevo NW Iowa RNG , LLC ( " Gevo RNG " ) , has signed binding , definitive agreements with BP Canada Energy Marketing Corp. and BP Products North America Inc. for the sale of RNG . The RNG project is on schedule and on budget with an anticipated startup early 2022. Beginning in late 2022 , Gevo RNG expects to generate cash distributions to Gevo of approximately $ 9 to $ 16 million per year . On August 2 , 2021 , Gevo announced the appointment of Jaime Guillen to its Board of Directors . Mr. Guillen is a Managing Partner at Faros Infrastructure Partners LLC , an investment firm with offices in the United Kingdom , the United States and Mexico . Non - GAAP cash EBITDA loss¹ of ( $ 17.1 ) million for the quarter compared to ( $ 3.1 ) million in Q2 2020 Net loss per share of ( $ 0.09 ) for the quarter compared to ( $ 0.40 ) in Q2 2020 1 Cash EBITDA loss is a non - GAAP measure calculated by adding back depreciation and amortization and non - cash stock compensation to GAAP loss from operations . A reconciliation of cash EBITDA loss to GAAP loss from operations is provided in the financial statement tables following this release .