Gevo, a sustainable and low-carbon biofuel manufacturer, wrapped up the third quarter with $522.4 million in cash and cash equivalents and generated $0.1 million in revenue, the company announced Wednesday.
The amount of cash on hand was $44.8 million less than that reported at the end of the second quarter of 2021, according to the company. Gevo also reported $14.7 million third-quarter loss from operations, more than twice the $6.1 million reported during the same period in 2020.
