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)
8-K
Submission of Matters to a Vote of Security Holders
19 Apr 24
10-K/A
2023 FY
Annual report (amended)
11 Mar 24
DEF 14C
Information statement
8 Mar 24
10-K
2023 FY
Annual report
7 Mar 24
10-Q
2022 Q3
Quarterly report
14 Nov 23
8-K
Entry into a Material Definitive Agreement
4 Oct 23
10-Q
2022 Q3
Quarterly report
11 Aug 23
10-Q
2022 Q3
Quarterly report
12 May 23
8-K
Submission of Matters to a Vote of Security Holders
24 Apr 23
DEF 14C
Information statement
9 Mar 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Feb 20 | |
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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) | 140.18 k | 140.18 k | 140.18 k | 140.18 k | 140.18 k | 140.18 k |
Cash burn (monthly) | 4.62 mm | 802.08 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 31.94 mm | 5.54 mm | n/a | n/a | n/a | n/a |
Cash remaining | -31.80 mm | -5.40 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -6.9 | -6.7 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Randall Lloyd Hansen | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 6 | 7,500 | 45.00 k | 80,000 |
1 Oct 23 | Randall Lloyd Hansen | Limited Liability Company Membership Units | Gift | Acquire G | No | No | 0 | 7,500 | 0.00 | 72,500 |
1 Oct 23 | Todd M Brown | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 4.25 | 5,000 | 21.25 k | 422,000 |
1 Jul 23 | Todd M Brown | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 4.24 | 4,000 | 16.96 k | 417,000 |
1 Jul 23 | Todd M Brown | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 4.25 | 3,000 | 12.75 k | 413,000 |
1 Jul 23 | Todd M Brown | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 4.25 | 4,500 | 19.13 k | 410,000 |
1 Apr 23 | Todd M Brown | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 3.91 | 14,000 | 54.74 k | 405,500 |
1 Apr 23 | Todd M Brown | Limited Liability Company Membership Units | Buy | Acquire P | No | No | 3.95 | 5,000 | 19.75 k | 391,500 |