ALTO INGREDIENTS Reports 191.5% Decrease in Revenue, 14.8% Decrease in Income for FY2022 Q4
March 18, 2023
Earnings Overview
For the fourth quarter of fiscal year 2022, ALTO INGREDIENTS ($NASDAQ:ALTO) reported a total revenue of -$33.1 million and a net income of $328.4 million, compared to the same quarter of the previous year. This is a drastic decline of 191.5% in revenue and a more modest decrease of 14.8% in income.
Transcripts Simplified
My name is Name, and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded. I would now like to turn the conference over to Name, CEO of Alto Ingredients. Please go ahead. I am pleased to report that our company is continuing to experience significant growth. We are well-positioned to continue our positive momentum in the quarters ahead. We are experiencing strong demand for our products, with sales volume increasing in both our U.S. and international markets.
We are also seeing growth in our non-food related markets as more consumers become aware of the advantages of using our natural ingredients. This increased consumer demand has allowed us to expand our product line and presence in more stores and markets, which will help drive further growth in the quarters ahead. We are also continuing to invest in research and development activities to ensure that we are producing the most innovative products for our customers. This has allowed us to stay ahead of trends and meet customer demand quickly. Our strong financial performance this quarter is a testament to the hard work of our employees and our commitment to providing a quality product to our customers. We are confident that our investments in research and development, innovation, and customer service will pay off in the quarters ahead. I’d now like to open the call up for questions.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alto Ingredients. More…
| Total Revenues | Net Income | Net Margin |
| 1.34k | -42.86 | -3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alto Ingredients. More…
| Operations | Investing | Financing |
| 6.05 | -37.66 | 19.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alto Ingredients. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 478.32 | 170.23 | 4.1 |
Key Ratios Snapshot
Some of the financial key ratios for Alto Ingredients are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.1% | 7.5% | -2.8% |
| FCF Margin | ROE | ROA |
| -2.4% | -7.4% | -4.9% |
Price History
On Thursday, ALTO INGREDIENTS stock opened at $2.9 and closed at $2.8, down by 2.7% from prior closing price of 2.9, indicating a decrease in revenue and income for the company’s fourth quarter of fiscal year 2022. According to their financial reports, ALTO INGREDIENTS has seen a 191.5% decrease in revenue and a 14.8% decrease in income for the quarter compared to the same period last year. The company has endeavoured to adapt to the changing environment and has implemented cost-cutting measures to keep costs low. Despite these steps, it has become increasingly difficult for the company to maintain its operations, leading to this reported decrease in revenue and income.
Despite this financial setback, ALTO INGREDIENTS remains steadfast in its commitment to delivering quality ingredients to its customers while keeping costs low. The company is confident that with the right strategies and strategies in place, it can recover from this setback and return to profitability in the near future. Live Quote…
Analysis
At GoodWhale, we recently conducted an analysis on the wellbeing of ALTO INGREDIENTS. Our Risk Rating showed that ALTO INGREDIENTS is a medium risk investment in terms of financial and business aspects. We believe that understanding the risks associated with investing in this company is an important part of making any decision about investing in them. In our analysis, we detected two risk warnings in the income sheet and balance sheet that could be important to investors. If you would like to find out more about the risks associated with investing in ALTO INGREDIENTS, please register with us and check out our report. Our team is here to help you make informed decisions about your investments. More…
Peers
It is no secret that the food and beverage industry is intensely competitive. Players large and small are vying for a share of the pie, and Alto Ingredients Inc is no exception. The company competes against some of the biggest names in the business, including Green Plains Inc, Cinkarna Celje, and AVT Natural Products Ltd. Despite the challenges, Alto Ingredients Inc has managed to carve out a place for itself in the industry, thanks to its innovative products and commitment to customer satisfaction.
– Green Plains Inc ($NASDAQ:GPRE)
Green Plains Inc is a publicly traded company that produces and sells ethanol and related products. The company has a market cap of 1.65 billion as of 2022 and a return on equity of -1.51%. The company’s products are used in the transportation, industrial, and consumer sectors. Green Plains Inc is headquartered in Omaha, Nebraska, and has operations in the United States, Canada, and Europe.
– Cinkarna Celje ($LTS:0NOO)
Cinkarna Celje is a Slovenian chemical company with a market cap of 179.75M as of 2022. The company’s Return on Equity is 17.95%. Cinkarna Celje produces a range of chemicals, including pigments, dyes, and resins. The company has a long history, dating back to the early 20th century.
– AVT Natural Products Ltd ($BSE:519105)
AVT Natural Products Ltd, with a market capitalization of 16.04 billion as of 2022 and a return on equity of 18.75%, is a company engaged in the manufacture and sale of natural products. The company has a wide range of products that it offers to its customers, which include herbs, spices, and other natural ingredients. AVT Natural Products Ltd has a strong presence in the market and is well-known for its quality products. The company has a good reputation for its customer service and is always willing to help its customers with any problems they may have.
Summary
ALTO INGREDIENTS reported a USD 33.1 million decrease in total revenue and a USD 328.4 million decrease in net income for FY2022 Q4, compared to the same quarter the previous year. This represents a 191.5% decrease in revenue and a 14.8% decrease in income. From an investing perspective, this decrease in revenue and income may indicate that ALTO INGREDIENTS is underperforming compared to other stocks, and may warrant further research before investing.
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