---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-083888"
form_type: "8-K"
ticker: "ALTO"
cik: "0000778164"
company_name: "Alto Ingredients, Inc."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:39:35.494602+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-083888
- form_type: 8-K
- ticker: ALTO
- cik: 0000778164
- company_name: Alto Ingredients, Inc.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/778164/000121390023083888/0001213900-23-083888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/778164/000121390023083888/ea187755-8k_altoing.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-083888
- JSON: https://secwatch.observer/filing/0001213900-23-083888.json
- Plain text: https://secwatch.observer/filing/0001213900-23-083888.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/778164/000121390023083888/0001213900-23-083888-index.htm
- Earnings Releases
  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
  source text: 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. ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/778164/000121390023083888/0001213900-23-083888-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.