Alto Ingredients Q3 net loss $28.4M; secures $125M debt facility for growth

Alto Ingredients, Inc.

2022-Q3 EPS reported -$0.13 revenue$1,007,184,000

Net sales rose 10% YoY to $336.9M, but gross loss widened to $19.8M from $3.4M.
Net loss available to common stockholders was $28.4M ($0.39/sh), vs $3.5M loss ($0.05/sh) in Q3 2021.
Adjusted EBITDA was negative $20.6M, compared to positive $3.0M a year ago.
Cash and equivalents fell to $28.5M at Sept 30, 2022 from $50.6M at Dec 31, 2021.
Debt facility up to $125M (6-year term loan) to fund carbon capture, yeast production, and energy projects.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alto Ingredients, Inc. reported the three months ended September 30, 2022 results: revenue $336.9 million, net income $28.4 million, EPS $0.39 per share.

Period: the three months ended September 30, 2022
Revenue: $336.9 million
Net income: $28.4 million
EPS: $0.39 per share
Result: reported results

Exact text from the filing

Alto Ingredients, Inc. Reports Third Quarter 2022 Results ● Grew Net Sales to $336.9 Million, Up 10% from Q3 2021

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Source: SEC EDGAR

accession 0001213900-22-069768

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