secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001213900-23-037349
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alto Ingredients Q1 net loss $13.5M, Adjusted EBITDA -$4.5M; expects positive Q2
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- Net sales $313.9M, gross loss $3.2M vs gross profit $4.8M a year ago.
- Net loss available to common $13.5M ($0.18/share) vs $2.9M ($0.04) in Q1 2022.
- Adjusted EBITDA negative $4.5M, down from positive $4.4M in prior-year period.
- Cash $21.2M; $40M term loan available (up to $65M with accordion).
- CEO expects positive Adjusted EBITDA in Q2 2023 based on current ethanol crush margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390023037349/0001213900-23-037349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390023037349/ea178119-8k_altoingred.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-037349

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