Yahoo Finance Alto Ingredients Full Year 2023 Earnings: Misses Expectations
Alto Ingredients (NASDAQ:ALTO) Full Year 2023 Results
Key Financial Results
Revenue: US$1.22b (down 8.4% from FY 2022).
Net loss: US$29.3m (loss narrowed by 32% from FY 2022).
US$0.40 loss per share (improved from US$0.60 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alto Ingredients Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 82%.
Looking ahead, revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Chemicals industry in the US are expected to grow by 4.5%.
Performance of the American Chemicals industry.
The company's shares are down 10% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Alto Ingredients' balance sheet health.
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