Alto Ingredients(US:ALTO)2025-05-07 21:03Financial Performance - Alto Ingredients reported a gross loss of $(1.8) million in Q1 2025, an improvement from $(2.4) million in Q1 2024[35] - Adjusted EBITDA improved by $2.7 million, from $(7.1) million in Q1 2024 to $(4.4) million in Q1 2025[35] - Net sales decreased from $240.629 million in Q1 2024 to $226.540 million in Q1 2025[50] - The company had $26.8 million in cash and cash equivalents as of March 31, 2025, compared to $35.5 million as of December 31, 2024[33] Strategic Initiatives - Alto Ingredients is targeting premium markets with high-quality products to improve profitability[7, 36] - The company is pursuing Carbon Capture and Storage (CCS) to reduce carbon emissions[7, 36] - Alto Ingredients acquired a beverage-grade liquid CO2 processor to optimize carbon usage[7, 13] - The company is exploring opportunities in sustainable aviation fuel (SAF), blue ethanol, and other renewable fuels[15] Market Opportunities - National year-round E15 adoption could potentially increase U S ethanol demand by 50%, or 5-7 billion gallons[20] - California could see an increase of approximately 670 million gallons per year in ethanol demand when transitioning from E10 to E15, pending approval[20]