Alto Ingredients Q3 net loss narrows to $3.8M; Adjusted EBITDA turns positive $4.7M

Alto Ingredients, Inc.

2023-Q3 EPS reported -$0.14 revenue$949,315,000

Net sales $318.1M vs $336.9M YoY; gross profit improved to $4.2M from a loss of $19.8M.
Net loss $0.05 per share vs $0.39 YoY; includes $2.8M USDA grant.
Adjusted EBITDA of $4.7M vs negative $20.6M YoY; operating cash flow positive.
Extends EBITDA expansion goals by 6-12 months due to higher yeast project costs and inflation.
Cash $26.2M at Sep 30, 2023; total borrowing availability of $93.4M.

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 nine months ended September 30, 2023 results: revenue $949.3 million, net income Net loss available to common stockholders ... was $10.0 million, or $0.14 per share, EPS $0.14 per share.

Period: the nine months ended September 30, 2023
Revenue: $949.3 million
Net income: Net loss available to common stockholders ... was $10.0 million, or $0.14 per share
EPS: $0.14 per share
Result: reported results

Exact text from the filing

with an option to request up to an additional $25 million under the facility. Financial Results for the Nine Months Ended September 30, 2023 Compared to 2022 ● Net sales were $949.3 million, compared to $1,007.2 million. ● Cost of goods sold was $931.1 million, compared to $1,013.4 million. ● Gross profit was $18.2 million, compared to a gross loss of $6.2 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alto Ingredients, Inc. reported the quarter ended September 30, 2023 results: revenue $318.1 million, net income Net loss available to common stockholders ... was $3.8 million, or $0.05 per share, EPS $0.05 per share.

Period: the quarter ended September 30, 2023
Revenue: $318.1 million
Net income: Net loss available to common stockholders ... was $3.8 million, or $0.05 per share
EPS: $0.05 per share
Result: reported results

Exact text from the filing

about the prospects and confident in our long-term growth strategy.” Financial Results for the Three Months Ended September 30, 2023 Compared to 2022 ● Net sales were $318.1 million, compared to $336.9 million. ● Cost of goods sold was $314.0 million, compared to $356.7 million. ● Gross profit was $4.2 million, compared to a gross loss of $19.8 million. ●

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Source: SEC EDGAR

accession 0001213900-23-083888

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