secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000003545-24-000097
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alico Reports Q3 Fiscal 2024 Results: Revenue Up 86.8% but Net Loss of $2.0M
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- Revenue for Q3 ended June 30, 2024 was $13.6M, up 86.8% from $7.3M in prior year.
- Net loss attributable to Alico common stockholders was $2.0M (loss per share $0.27) vs. net income of $11.8M in Q3 2023.
- Entered three-year agreement to sell oranges to Tropicana at prices 33% to 50% higher than prior season average.
- Treated 4.5 million producing trees with Oxytetracycline to support production growth in 2024-25 harvest.
- Sold 798 acres of citrus land for $7.2 million ($9,000 per acre) with option for buyer to purchase remaining 680 acres.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354524000097/0000003545-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354524000097/alco-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000003545-24-000097

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