Alto Ingredients(US:ALTO)2025-03-05 21:59Financial Performance - Alto Ingredients reported net sales of $236347 million for the three months ended December 31, 2024, compared to $273625 million for the same period in 2023[36] - The company's net loss for the three months ended December 31, 2024, was $(41712) million, compared to a net loss of $(18945) million for the same period in 2023[36] - Adjusted EBITDA for the three months ended December 31, 2024, was $(7658) million, compared to $3543 million for the same period in 2023[42] - For the year ended December 31, 2024, Alto Ingredients reported net sales of $965258 million, compared to $1222940 million in 2023[36] - The net loss for the year ended December 31, 2024, was $(58984) million, compared to a net loss of $(28005) million in 2023[36] - Adjusted EBITDA for the year ended December 31, 2024, was $(8531) million, compared to $20766 million in 2023[42] Strategic Initiatives - Alto Ingredients is targeting premium markets with high-quality products [6, 23] - The company is supporting the reduction in carbon emissions by pursuing Carbon Capture and Storage (CCS) [6, 23] - Alto Ingredients is optimizing its asset base and executing efficiency initiatives [6, 23] - The company acquired a beverage-grade liquid CO2 processor for $725 million plus working capital [14]