secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001213900-24-040099
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390024040099/0001213900-24-040099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390024040099/ea0205300-8k_alto.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-040099

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