$Alto Ingredients(ALTO.US)$ NEWS Alto Ingredients, Inc. Reports First Quarter 2024 Results Alto Ingredients, Inc. reported improved financial results for Q1 2024 compared to Q1 2023, with gross profit up by $0.8 million, net loss reduced by $1.4 million, and Adjusted EBITDA increased by $3.4 million. The company's strategies to diversify revenue, improve capacity utilization rates, reduce costs, and expand operating margins are yielding positive results. However, weather factors impacted perform...
The company's low P/S ratio and declining revenues may be causing the share price drop. Sluggish growth and poor revenue outlook are likely causing investor discomfort, contributing to the low P/S ratio. A significant turnaround is needed for a higher P/S ratio.
According to Alto Ingredients' CFO, Rob Olander, the extension provides the company with additional liquidity and demonstrates confidence in their strategy.
There is concern over Alto Ingredients' liabilities and $58m EBIT loss last year. With a negative cash flow of $74m, the stock's risk increases. The balance sheet could improve, but it's far from 'match-fit'.
Alto Ingredients股票討論區
NEWS
Alto Ingredients, Inc. Reports First Quarter 2024 Results
Alto Ingredients, Inc. reported improved financial results for Q1 2024 compared to Q1 2023, with gross profit up by $0.8 million, net loss reduced by $1.4 million, and Adjusted EBITDA increased by $3.4 million. The company's strategies to diversify revenue, improve capacity utilization rates, reduce costs, and expand operating margins are yielding positive results. However, weather factors impacted perform...
$3 soon
暫無評論