secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001213900-21-057728
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alto Ingredients reports Q3 net loss of $3.5M, sells Stockton facility, retires $150M debt
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- Net sales $305.6M (+49% YoY), but gross loss of $3.4M vs gross profit $20.9M in prior year.
- Net loss $3.5M ($0.05/share) vs net income $14.9M ($0.24/diluted share) in Q3 2020.
- Adjusted EBITDA $3.0M, down from $34.1M in Q3 2020; operating loss of $8.9M.
- Sold Stockton CA facility for $24M cash on Nov 8; used proceeds to retire $150M term debt, now debt-free.
- Completed projects expected to increase annual EBITDA by $18.5M starting 2022; yeast expansion and wet mill upgrades.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390021057728/0001213900-21-057728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390021057728/ea150272-8k_altoingred.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-057728

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer