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Earnings Call Summary | Sow Good(SOWG.US) Q1 2024 Earnings Conference

Earnings Call Summary | Sow Good(SOWG.US) Q1 2024 Earnings Conference

業績電話會議摘要 | Sow Good (SOWG.US) 2024 年第一季度業績會議
富途資訊 ·  05/16 04:52  · 電話會議

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。


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