Beyond Meat, a leader in plant-based meat alternatives, reported a net loss of $26.6 million for the quarter ended September 28, 2024, a significant improvement from the $70.5 million loss in the same period the previous year. The company's net revenues increased by 7.6% to $81 million, driven by a 15.8% increase in net revenue per pound, despite a 7.1% decrease in volume sold. The gross profit turned positive at $14.3 million, compared to a loss of $7.3 million year-on-year, with gross margin rising to 17.7% from a negative 9.6%. Research and development expenses decreased by 32.7% to $6.1 million, and selling, general, and administrative expenses dropped by 26.6% to $39.1 million. The company's liquidity outlook remains cautious, with ongoing net losses and negative operating cash flows expected to continue in the near future. Beyond Meat's focus is on reducing operating expenses and managing working capital to achieve sustainable, profitable operations over time. The company's cash balances and anticipated cash flow from operations are believed to be sufficient to fund operations for the next twelve months.

Beyond Meat, a leader in plant-based meat alternatives, reported a net loss of $26.6 million for the quarter ended September 28, 2024, a significant improvement from the $70.5 million loss in the same period the previous year. The company's net revenues increased by 7.6% to $81 million, driven by a 15.8% increase in net revenue per pound, despite a 7.1% decrease in volume sold. The gross profit turned positive at $14.3 million, compared to a loss of $7.3 million year-on-year, with gross margin rising to 17.7% from a negative 9.6%. Research and development expenses decreased by 32.7% to $6.1 million, and selling, general, and administrative expenses dropped by 26.6% to $39.1 million. The company's liquidity outlook remains cautious, with ongoing net losses and negative operating cash flows expected to continue in the near future. Beyond Meat's focus is on reducing operating expenses and managing working capital to achieve sustainable, profitable operations over time. The company's cash balances and anticipated cash flow from operations are believed to be sufficient to fund operations for the next twelve months.