Global Clean Energy Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 04:59 pm EST
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Global Clean Energy Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.924993 million compared to negative sales of USD 0.008307 million a year ago. Net loss was USD 15.31 million compared to USD 11.68 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.29 a year ago. Diluted loss per share from continuing operations was USD 0.36 compared to USD 0.29 a year ago.
For the nine months, sales was USD 2.12 million compared to USD 0.188409 million a year ago. Net loss was USD 34.87 million compared to USD 33.98 million a year ago. Basic loss per share from continuing operations was USD 0.83 compared to USD 0.89 a year ago. Diluted loss per share from continuing operations was USD 0.83 compared to USD 0.89 a year ago.
Global Clean Energy Holdings, Inc. is a vertically integrated renewable fuels company. It specializes in the development and cultivation of camelina, a nonfood, regenerative, intermediate oilseed crop, which is used to produce advanced biofuels and biomaterials. Its farm-to-fuels value chain integration provides unrivaled access to reliable, ultra-low carbon feedstocks and is unparalleled in the sustainable fuel's industry. It has developed a portfolio of elite varieties of Camelina sativa to be used as a feedstock for its Renewable Fuels Facility. Its product includes Renewable Diesel, Biofuels Oil Feedstock and Biomass Feedstock. Renewable diesel is made from the same feedstocks as biodiesel. The feedstock oil is needed to produce renewable jet, biodiesel, renewable diesel and hydrotreated vegetable oil supplied from edible seed oils, including soy, canola, sunflower and palm. Camelina produces a co-product from the oil extraction process which is a non-transgenic high protein meal.
GLOBAL CLEAN ENERGY HOLDINGS, INC. 
