Alto Ingredients Q3 net loss narrows to $2.8M; signs CO2 sequestration deal

Alto Ingredients, Inc.

2024-Q3 EPS reported -$0.25 revenue$728,911,000

Net loss available to common stockholders of $2.8M ($0.04 per share), improved from $3.8M ($0.05) in Q3 2023.
Net sales fell to $251.8M from $318.1M YoY; gross profit rose to $6.0M from $4.2M.
Adjusted EBITDA positive $12.2M in Q3, but nine-month adjusted EBITDA negative $0.8M.
Entered CO2 Transportation and Sequestration Agreement with Vault 44.01 for Pekin campus storage into Mt. Simon sandstone.
Cash and equivalents ended Q3 at $33.6M; total borrowing availability was $92.2M.

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