Lake Area Corn Processors, LLC is a South Dakota limited liability company that owns and manages an ethanol plant that has a nameplate production capacity of 90 million gallons of ethanol per year through its wholly-owned subsidiary Dakota Ethanol, L.L.C. The ethanol plant currently produces at rates in excess of 90 million gallons of ethanol per year. The ethanol plant is located near Wentworth, South Dakota. Lake Area Corn Processors, LLC is referred to in this report as "LACP," the "Company," "we," or "us." Dakota Ethanol, L.L.C. is referred to in this report as "Dakota Ethanol" or the "ethanol plant."
Company profile
Ticker
LKCRU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LAKE AREA ETHANOL INC, LAKE AREA ETHANOL LLC
SEC CIK
IRS number
460460790
Latest filings (excl ownership)
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Regulation FD Disclosure
21 Sep 22
8-K
Other Events
12 Sep 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
8-K
Other Events
18 Jul 22
8-K
Entry into a Material Definitive Agreement
27 Jun 22
10-Q
2022 Q1
Quarterly report
16 May 22
8-K
Submission of Matters to a Vote of Security Holders
13 Apr 22
DEF 14C
Information statement
3 Mar 22
10-K
2021 FY
Annual report
3 Mar 22
Financial summary
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Feb 20 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 9.77 mm | 9.77 mm | 9.77 mm | 9.77 mm | 9.77 mm | 9.77 mm |
| Cash burn (monthly) | 1.82 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 7.68 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 2.08 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 1.1 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Oct 22 | Randall Lloyd Hansen | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 3.61 | 20,000 | 72.20 k | 65,000 |
| 1 Oct 22 | Alan Mundt Scott | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 3.25 | 10,000 | 32.50 k | 90,000 |
| 1 Jul 22 | Alan Mundt Scott | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 3.21 | 3,500 | 11.24 k | 80,000 |
| 1 Jul 22 | Todd M Brown | Class A Capital Units | Buy | Acquire P | No | No | 3.5 | 20,000 | 70.00 k | 376,500 |
| 1 Jul 22 | Todd M Brown | Class A Capital Units | Buy | Acquire P | No | No | 3.1 | 10,000 | 31.00 k | 356,500 |
| 1 Jul 22 | Todd M Brown | Class A Capital Units | Buy | Acquire P | No | No | 3.1 | 10,000 | 31.00 k | 346,500 |
| 1 Jul 22 | Todd M Brown | Class A Capital Units | Buy | Acquire P | No | No | 3.99 | 2,500 | 9.98 k | 336,500 |
| 1 Apr 22 | Alan Mundt Scott | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 2.92 | 2,500 | 7.30 k | 76,500 |
| 1 Apr 22 | Alan Mundt Scott | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 2.56 | 4,000 | 10.24 k | 74,000 |