Earnings Call Summary | Stryve Foods(SNAX.US) Q4 2023 Earnings Conference
Earnings Call Summary | Stryve Foods(SNAX.US) Q4 2023 Earnings Conference
The following is a summary of the Stryve Foods, Inc. (SNAX) Q4 2023 Earnings Call Transcript:
以下是Stryve Foods, Inc.（SNAX）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Stryve Foods reported 2023 net sales of $17.7 million, a decrease of 40.9% from 2022.
2023 Q4 net sales reported were $2.9 million.
Gross profit for 2023 was $2.4 million, an improvement from a loss of $0.7 million in 2022.
Operating expenses decreased by 43.2% to $17.9 million in 2023.
Net loss for the year was reduced to $19 million from $33.1 million in 2022.
Cash and cash equivalents stood at $0.4 million at year-end.
The company provided a revenue projection for 2024 of between $24 million to $30 million.
The company reported Q4 revenues of approximately $3 million.
By Q4 of 2024, Stryve Foods anticipates reaching an adjusted EBITDA breakeven point if it hits or exceeds the upper end of its sales range.
Stryve Foods報告稱，2023年淨銷售額爲1770萬美元，比2022年下降40.9％。
2023年第四季度報告的淨銷售額爲290萬美元。
2023年的毛利爲240萬美元，較2022年的70萬美元虧損有所改善。
2023年，運營支出下降了43.2％，至1,790萬美元。
該年度的淨虧損從2022年的3310萬美元減少至1900萬美元。
截至年底，現金及現金等價物爲40萬美元。
該公司預測2024年的收入在2400萬至3000萬美元之間。
該公司報告第四季度收入約爲300萬美元。
Stryve Foods預計，到2024年第四季度，如果達到或超過其銷售區間的上限，調整後的息稅折舊攤銷前利潤將達到盈虧平衡點。
Business Progress:
業務進展：
Stryve Foods implemented organizational changes enhancing efficiency and profitability.
Pricing alterations, product quality improvements, and the introduction of new offerings were implemented.
The operational transformation, MVP, lowered unit economics and improved cash flow.
Significant investments were made in technology and process improvements, resulting in cost savings and product quality enhancement.
The company revised branding and packaging to better communicate their products' uniqueness.
The company reported an 80% increase in velocity for the Stryve brand following packaging redesigns.
A line of credit extension was achieved and an equity facility was terminated.
Operational and supply chain optimizations resulted in efficiency gains and cost reductions.
Product redesign and operational enhancements are expected to spur future growth and margin expansion.
Stryve Foods announced a partnership with Acosta Marketing and Sales to leverage opportunities.
The company plans to increase presence in the marketplace by expanding distributions and product offerings.
The company restructured revenue, enhanced unit economics, and adjusted pricing and product architecture.
Stryve Foods實施了組織變革，提高了效率和盈利能力。
實施了定價變更、產品質量改進和新產品的推出。
運營轉型（MVP）降低了單位經濟效益，改善了現金流。
在技術和流程改進方面進行了大量投資，從而節省了成本，提高了產品質量。
該公司修改了品牌和包裝，以更好地傳達其產品的獨特性。
該公司報告說，在重新設計包裝後，Stryve品牌的速度提高了80％。
實現了信貸額度，終止了股權融資。
運營和供應鏈優化帶來了效率提高和成本降低。
產品重新設計和運營改進預計將刺激未來的增長和利潤擴大。
Stryve Foods宣佈與Acosta Marketing and Sales建立合作伙伴關係，以利用機會。
該公司計劃通過擴大分銷和產品供應來增加在市場上的影響力。
該公司重組了收入，增強了單位經濟性，調整了定價和產品架構。
More details: Stryve Foods IR
更多詳情： Stryve Foods IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。