Alto Ingredients Q1 net loss $12.0M; revenue $240.6M down 23% YoY

Alto Ingredients, Inc.

2024-Q1 EPS reported -$0.17 revenue$240,629,000

Net sales $240.6M vs $313.9M YoY; net loss $12.0M ($0.17/sh) vs $13.5M ($0.18/sh).
Gross loss improved to $2.4M (includes $4.9M energy hedging loss) from $3.2M; Adjusted EBITDA -$7.1M vs -$10.4M.
Operating loss $10.3M vs $11.6M; weather factors and hedging loss impacted quarter.
CCS initiative progressing: LOI with Vault 44.01, negotiating terms, EPA Class VI permit submitted.
Cash $29.3M at March 31, 2024 vs $30.0M at Dec 31, 2023; borrowing availability $90.9M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.