NEWS
Wed Apr 16, 2014 11:53 AM CDT

STREATOR, Ill. (DTN) -- In its annual statement filed Tuesday, April 15, with the Securities and Exchange Commission, Gevo Inc., based in Englewood, Colo., said it has a history of net losses and "we may not achieve or maintain profitability."

"We have incurred net losses since our inception," the filing said, including a $48.2 million loss last year and an accumulated deficit of $262.2 million since 2011.

The company is developing a process to produce isobutanol from biological feedstocks, primarily corn.

"We expect to incur losses and negative cash flow from operating activities for the foreseeable future," Gevo continued.

Gevo ...

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