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Slowly and steadily GEVO getting better,up 6% today.Nothing to get too excited about yet, but nice to see
Another cash flow positive acquisition…
Gevo Acquires CultivateAI for its Verity Business Unit
Accelerates revenue, capability, and growth of Verity.
ENGLEWOOD, CO, September 26, 2024 — Gevo, Inc. (NASDAQ: GEVO) has acquired Cultivate Agricultural Intelligence, LLC (“CultivateAI”) for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity’s business development and growth. CultivateAI is a proven business with expected 2024 revenue of $1.7 million and corresponding positive cash flow. CultivateAI provides agricultural data to clients through a software as a service (“SaaS”) platform.
Gevo expects to combine CultivateAI’s digital agriculture data and analytics platform with Verity’s carbon accounting and tracking solutions to provide the highest quality data-driven solutions for carbon abatement in food, feed, fuels, and industrial markets, while simultaneously helping farmers improve their operations, sustainability, and profitability. CultivateAI’s SaaS platform is a cloud-based, mobile platform that helps farm operators, agronomists, ag-service providers, and researchers make informed, data-driven decisions with real-time analytics.
“Adding CultivateAI and its inventive approach to Verity will help us grow revenue by providing the most complete set of data-driven analytics services to farmers, agronomists, and researchers,” said Dr. Paul Bloom, Head of Verity and Chief Carbon Officer of Gevo. “With this acquisition, Verity is speeding up our development and increasing the value we will deliver to our customers.”
Verity is at the forefront of creating the ability to track, verify, and empirically value carbon intensity across the full carbon lifecycle. By adding the tools and existing business from CultivateAI, Verity will benefit from the addition of clients outside the biofuel segment as well as additional revenue streams.
“We are constantly looking for this kind of development that delivers new streams of untapped revenue to the company,” said Dr. Pat Gruber, CEO of Gevo. “As we accelerate development of Verity, we expect to see these customer relationships and revenue opportunities grow as customers seek out new products and services that help them understand their businesses better. These new business elements support our mission of growing an efficient circular economy, and delivering shareholder returns by adding scalable revenue opportunities now.”
GEVO Secures US Patent for Ethanol-to-Olefin Process; Shares Rise
Gevo ($GEVO) said Monday it received a patent from the US Patent and Trademark Office for its process of using certain proprietary catalyst combinations for converting ethanol into olefins.
The process helps make three and/or four carbon olefins in addition to ethylene from ethanol in a single step with a "high degree" of selectivity and control, the company said.
Shares of Gevo rose 13% in recent trading.
Price: 1.32, Change: +0.15, Percent Change: +12.82
$GEVO
Source: MT Newswires
I haven’t been holding for a long time, but still support you guys. This could be the new trip to $10. Previously it pump often in after hours, squeezing the shorts.
Seems like the same thing might be happening if I look at the after hours trading
feels like they are finally getting their act together.Good luck to us longtime believers
Those days we went up for percentages of 10-25 each day for weeks. Could happen again.
Haha…I hope the squeeze will last for you. Long time no see
GEVO 25% up and no one talking about it.Remember those days when this used to go nuts! Go GEVO!
Shhhh. Do not disturb the squeeze.
Acquisition makes EBITDA positive more certain.. price back to summer 2023
Bought back in yesterday
There were days when price action like this resulted in so much bullishness in chat. I just checked on it to see for a colleague what’s going on. But the chat seems dead. How come?
Jumped off with a small gain.
Red Trail Energy acquisition makes them far more certain to achieve EBITDA positive next year
fits into their business very well
NICE STEADY UPCLINE
bouncing great, all money was in GEVO yesterday on the stock side. CDT shorting to hell. Lets GO!!!!
Board please disregard previous…
House cleaning
Evidently you dont read or comprehend well.
Thanks for all the free rent I got from you today. So laughing at you boy.
May Jesus Bless you and your family!
Going up? I’ll bet I can unload this today for 4%
.61 loaded
Will load .6/.59/.58
Flipping junk!
This is dead, as expected. Biden ties scared me away at $9.17. Yes, yrs ago and what a scam it turned out to be.
Did this company ever start building the plant to make the aviation corn gas ?? I know the RNC has some revenue, just asking about the plant promised to be built already.
Yeah, if you got in at $0.15
They are on a RUN! Straight DOWN! I suspect new records are on the way!
You just sold back to the shorter, so thanks
Nice price just now. In my most humble opinion of course.
Gl
I wonder how the leadership could have spent so much money and have little to show for it.
It will get cheaper
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