secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001213900-23-018888
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390023018888/0001213900-23-018888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390023018888/ea174911-8k_altoingred.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-018888

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