secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001213900-22-069768
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390022069768/0001213900-22-069768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390022069768/ea168130-8k_altoingred.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-069768

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