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LanzaTech reported total revenue of $10.2 million for the first quarter of 2024, matching annual guidance. They reiterated the full-year 2024 outlook with revenue expected to be $90 - $105 million. The company achieved impressive growth in its CarbonSmart and Joint Development Agreements businesses. LanzaTech's gross profit increased by 87% year-over-year, reaching $3.5 million, with a gross margin of 34%. Operating expenses declined by 14% year-over-year but increased quarter-on-quarter. The net loss for the first quarter was $(25.5) million. LanzaTech's Project SECURE received up to $200 million investment from the US Department of Energy. The company's Sustainable Aviation Fuel momentum is strong, with a new facility on track for production. LanzaTech's project development pipeline is expanding, adding new qualified projects. An organizational streamlining initiative is underway, aimed at reducing costs and improving efficiency. With $92.3 million in cash, restricted cash, and investments, LanzaTech is well-positioned to execute its objectives.