August 11, 2008 - 9:01 AM EDT
Pacific Ethanol, Inc. Announces Second Quarter 2008 Financial Results
Highlights
- Net sales up 74% over Q2 of 2007 and up 69% over the six months ended June 30, 2007
- Gallons sold up 52% from Q2 of 2007 to 66.8 million gallons
- Loss per diluted share of $0.23 for Q2 2008
- EBITDA was negative $0.8 million for Q2 2008 and positive $11.7 million for the six months ended June 30, 2008
- Replaced Kinergy's line of credit with a new $40 million facility
- Additional issuance of common stock, preferred stock and related warrants for $32.4 million in Q2
- Stockton plant to be completed in current quarte