secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001213900-24-021413
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alto Ingredients reports Q4 net loss $19.3M, FY gross profit $15.7M; signs LOI for CO2 storage
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- Q4 net loss $0.26 per share vs $0.46; FY net loss $0.40 vs $0.60.
- FY 2023 gross profit $15.7M vs gross loss $27.6M; Q4 gross loss $2.5M vs $21.3M loss.
- Q4 adjusted EBITDA $3.5M vs negative $15.5M; FY adjusted EBITDA $20.8M vs negative $5.7M.
- Signed LOI with Vault 44.01 for permanent CO2 storage near Pekin campus to reduce carbon emissions.
- Temporarily hot-idled Magic Valley facility in Q1 2024 to install design upgrades; restart expected in Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390024021413/0001213900-24-021413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390024021413/ea0201506-8k_altoing.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-021413

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