Alto Ingredients(US:ALTO)2024-08-09 17:49Financial Performance - For the three months ended June 30, 2024, Net sales were $236468 thousand, compared to $317297 thousand for the three months ended June 30, 2023[31] - For the six months ended June 30, 2024, Net sales were $477097 thousand, compared to $631188 thousand for the six months ended June 30, 2023[31] - The company reported a Net loss of $(3106) thousand for the three months ended June 30, 2024, compared to a Net income of $7595 thousand for the same period in 2023[31] - The company reported a Net loss of $(14831) thousand for the six months ended June 30, 2024, compared to a Net loss of $(5571) thousand for the same period in 2023[31] - Adjusted EBITDA for the three months ended June 30, 2024, was $(5927) thousand, compared to $14045 thousand for the same period in 2023[36] - Adjusted EBITDA for the six months ended June 30, 2024, was $(12980) thousand, compared to $3626 thousand for the same period in 2023[36] Segment Performance - Pekin Campus recorded alcohol sales of $100687 thousand and essential ingredient sales of $39371 thousand for the three months ended June 30, 2024[37] - Marketing and distribution alcohol sales were $70157 thousand for the three months ended June 30, 2024[37] - Western production alcohol sales were $17456 thousand and essential ingredient sales were $5950 thousand for the three months ended June 30, 2024[37] Key Initiatives - The company is targeting higher-margin markets with premium products and pursuing carbon capture & storage [8, 24] - The company is optimizing its asset base, executing efficiency initiatives, advancing traceability & sustainability certifications & programs, and broadening its customer base[8, 24]