$Alto Ingredients (ALTO.US)$ 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.
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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...
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