Earnings Call Summary | Sow Good(SOWG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Sow Good(SOWG.US) Q1 2024 Earnings Conference
The following is a summary of the Sow Good Inc. (SOWG) Q1 2024 Earnings Call Transcript:
以下是Sow Good Inc.(SOWG)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Sow Good reported significant growth with Q1 2024 revenue of $11.4 million, an increase of 20% from Q4 2023.
Quarterly adjusted EBITDA amounted to $2.45 million, with an adjusted EBITDA margin of 21.5%.
Gross profit reached $4.6 million for the quarter with a margin of 40.6%.
The quarter ended with a net income of $510,600 compared to a net loss of $1.4 million during the same period in 2023.
Projected future gross margins are expected to range in the mid to high 30% due to increased shipping costs and investment in labor.
Sow Good報告了顯著增長,2024年第一季度收入爲1140萬美元,較2023年第四季度增長了20%。
季度調整後的息稅折舊攤銷前利潤爲245萬美元,調整後的息稅折舊攤銷前利潤率爲21.5%。
本季度毛利達到460萬美元,利潤率爲40.6%。
本季度末的淨收入爲510,600美元,而2023年同期的淨虧損爲140萬美元。
由於運輸成本增加和勞動力投資,預計未來的毛利率將介於30%的中高水平。
Business Progress:
業務進展:
Expansion and upgradation of its production capacity continues to be a key focus, with three additional dryers expected to be operational within the next nine months.
The company successfully uplisted its stock to NASDAQ and raised $13.8 million from a public offering.
It plans to increase product availability by launching in Big Lots and partnering with Dollar General and 7-Eleven, increasing its distribution points substantially by year-end.
Continued focus on brand development through in-store display innovation, expanded SKU assortment, and ramped-up marketing efforts starting from Q3 2024.
The company also plans to increase its production capacity tenfold from 4.5 million to 30 million by the end of the year.
其產能的擴大和升級仍然是重點,預計在未來九個月內還將有三臺烘乾機投入運營。
該公司成功將其股票上市,並通過公開募股籌集了1,380萬美元。
它計劃通過大量推出產品並與Dollar General和7-Eleven合作來提高產品供應量,並在年底之前大幅增加其分銷點。
從 2024 年第三季度開始,通過店內展示創新、擴大 SKU 種類和加大營銷力度,繼續專注於品牌發展。
該公司還計劃到今年年底將其產能從450萬增加到3000萬倍。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。