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Alias Born 03/12/2010

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Thursday, 03/11/2021 9:36:13 AM

Thursday, March 11, 2021 9:36:13 AM

Post# of 30375
$ALTO Financial Results for the Three Months Ended December 31, 2020 Compared to 2019

?Net sales were $168.8 million, compared to $357.6 million.
?Cost of goods sold was $155.2 million, compared to $354.4 million.
?Gross profit was $13.6 million, compared to $3.2 million.
?Selling, general and administrative expenses were $6.7 million, compared to $11.8 million.
?Operating loss was $14.2 million, compared to $37.9 million.
?Net loss available to common stockholders was $20.5 million, or $0.30 per share, and included an impairment charge of $24.4 million related to thecompany’s Western assets. This compares to a loss of $41.4 million, or $0.85 per share, for the three months ended December 31, 2019.
?Adjusted EBITDA was $16.4 million, compared to $1.9 million.

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