ALICO, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by ALICO, INC. on February 9, 2010. The report discloses the Company's financial results for the three-month period ended December 31, 2009. ALICO, INC. is incorporated in Florida and operates in sectors including mortgages, real estate, and agriculture.
Key Financial Metrics
| Metric | Q4 2009 | Q4 2008 |
|---|---|---|
| Net Loss | $1.4 million ($0.19 per share) | $0.2 million ($0.02 per share) |
| Operating Revenues | $14.1 million | $20.3 million |
| Gross Loss | $1.1 million | $0.7 million |
The filing text does not provide specific values for cash flow, debt levels, liquidity ratios, or profit margins beyond the gross loss figures.
Material Changes
- Net Loss Expansion: The net loss increased significantly from $0.2 million in Q4 2008 to $1.4 million in Q4 2009.
- Revenue Decline: Operating revenues dropped by approximately 30.5%, falling from $20.3 million to $14.1 million.
- Gross Loss Worsening: The gross loss expanded from $0.7 million to $1.1 million.
Management Commentary and Drivers
Management attributed the decline in earnings and gross profits primarily to lower revenues and profits from agriculture operations. Additionally, earnings from interest on mortgages and real estate sales were below prior year results, contributing to the overall earnings decline.
Investor Verification Checklist
- Verify the specific performance metrics of the agriculture segment to understand the magnitude of the revenue drop.
- Review the full press release (Exhibit 99.1) for details on mortgage interest rates and real estate sales volumes.
- Confirm the Company's liquidity position and debt obligations, as these were not detailed in the 8-K text.
- Assess whether the decline in agriculture operations is a temporary seasonal issue or a structural change in the business.