Gevo, Inc. (NASDAQ:GEVO) Q1 2019 Earnings Conference Call Transcript

May 08, 2019 • 04:30 pm ET


Gevo, Inc. (NASDAQ:GEVO) Q1 2019 Earnings Conference Call Transcript


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Hello, and welcome to the Gevo, Incorporated Q1 2019 Earnings Conference Call. My name is Sheryl, and I will be your operator for today's call. (Operator Instructions) Please note that this conference call is being recorded.

I will now turn the call over to Geoffrey T. Williams, Jr. Sir, you may begin.

Geoffrey T. Williams

Good afternoon, everyone, and thank you for joining Gevo's First Quarter 2019 Earnings Conference Call. I would like to start today by introducing the participants from the Company. With us today is Patrick Gruber, Gevo's' Chief Executive Officer and Bradford Towne, Gevo's Chief Accounting Officer. Earlier today, we issued a press release that outlines the topics we plan to discuss today. A copy of this press release is available on our website at

I would like to remind our listeners that this conference call is open to the media and that we are providing a simultaneous webcast of this call to the public. A replay of today's call will be available on Gevo's website. On the call today and on this webcast, you will hear discussions of certain non-GAAP financial measures. Non-GAAP financial measures should not be considered in isolation from or as a substitute for financial information presented in accordance with GAAP. Reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is contained in the press release distributed today and which is posted on our website.

We will also make certain forward-looking statements about events and circumstances that have not yet occurred, including but not limited to, projections about Gevo's operating activities for the remainder of 2019 and beyond. These forward-looking statements are based on management's current beliefs, expectations and assumptions and are subject to significant risks and uncertainties, including those disclosed in Gevo's Form 10-K for the year ended December 31, 2018, which was filed with the US Securities Exchange Commission or SEC on or about March 27, 2019, and in subsequent reports and other filings made with the SEC by Gevo, including Gevo's quarterly reports on Form 10-Q.

Investors are cautioned not to place undue reliance on any such forward-looking statements. Such forward-looking statements speak only as of today's date, and Gevo disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or otherwise.

On today's call, Pat will begin with a discussion of Gevo's business developments. Bradford will then review Gevo's financial results for the first quarter of 2019. Following the presentation, we will open up the call for questions. I'll now turn the call over to Pat.

Patrick R. Gruber

Thank you, Jeff, and thank you all for joining us today. I believe we are at or near a tipping point. We finalized several agreements that I'll touch on shortly. We have turned our balance sheet around, which enabled our auditors to remove the going concern qualification in our audit report at the end of March, and we're making overall very good progress.

In terms of the balance sheet, as of