Alto Ingredients Q4 2022 net loss $33.4M vs income $35.4M; FY net loss $42.9M

Alto Ingredients, Inc.

Q4 net sales $328.4M down from $385.5M; gross loss $21.3M vs gross profit $42.1M.
Full-year net loss $42.9M ($0.60/sh) vs net income $44.2M ($0.61/sh); adjusted EBITDA -$9.8M vs +$76.8M.
CEO cites commodity price swings; growth initiatives target $65M+ EBITDA by 2025, $125M+ by 2026.
Term loan facility of up to $125M signed Nov 2022; $40M remaining availability plus $57.9M ABL capacity.
Cash and equivalents $36.5M at Dec 31, 2022, down from $50.6M at Dec 31, 2021.

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 financial results for three and twelve months ended December 31, 2022.

Period: three and twelve months ended December 31, 2022
Result: reported results

Exact text from the filing

On March 9, 2023, Alto Ingredients, Inc. issued a press release announcing certain results of operations for the three and twelve months ended December 31, 2022.

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Alto Ingredients, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-018888

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