Lifeway Foods Inc (OQ:LWAY)
Business Focus: Dairy Products
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6431 W Oakton MORTON GROVE IL 60053 |
| Tel: | N/A |
| Website: | https://lifewaykefir.com |
| IR: | See website |
| Key People | ||
| Julie Smolyansky Chairman of the Board, President, Chief Executive Officer, Company Secretary | Eric A. Hanson Chief Financial Officer, Chief Accounting Officer, Controller, Treasurer | Amy M. Feldman Senior Executive Vice President - Sales |
| Business Overview |
| Lifeway Foods, Inc. is a producer and marketer of kefir in the United States. The Company's primary product is drinkable kefir, a cultured dairy product sold in a variety of organic and non-organic sizes, flavors and types. Lifeway kefir is tart and tangy, high in protein, calcium, and vitamin D. Its product categories also include European-style soft cheeses, including farmer cheese, white cheese, and Sweet Kiss; Cream and other, which consists primarily of cream, a byproduct of making its kefir; ProBugs, a line of kefir products designed for children, Drinkable yogurt, sold in a variety of sizes and flavors; and Other Dairy, which consists primarily of Fresh Made butter and sour cream. It manufactures (directly or through co-packers) and market products under the Lifeway, Fresh Made and Glen Oaks Farms brand names, as well as under private labels on behalf of certain customers. The Company sells its products primarily through its direct sales force, brokers, and distributors. |
| Financial Overview |
| For the three months ended 31 March 2024, Lifeway Foods Inc revenues increased 18% to $44.6M. Net income increased from $830K to $2.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Advertising decrease of 6% to $1.4M (expense), Interest expense decrease of 51% to $51K (expense). |
| Employees: | 288 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $238.74M as of Mar 31, 2024 |
| Annual revenue (TTM): | $166.85M as of Mar 31, 2024 |
| EBITDA (TTM): | $22.30M as of Mar 31, 2024 |
| Net annual income (TTM): | $12.96M as of Mar 31, 2024 |
| Free cash flow (TTM): | $10.40M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 14,707,392 as of May 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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