Sector: Consumer Non-Cyclicals | Industry: Food Processing |
See Regulatory Filings on SEC |
Company Contact | |
Address: | IRVING TX 75061 |
Tel: | N/A |
Website: | https://thisissowgood.com |
IR: | See website |
Key People | ||
N/A |
Business Overview |
Sow Good Inc. is a freeze-dried candy and snack manufacturer. The Company's business operates under the Sow Good brand. The Company produces a portfolio of freeze-dried treats under its Candy and Crunch Cream (freeze-dried ice cream bars and sandwiches) product lines. It produces, packages, and distributes freeze-dried products from its facility in Irving, Texas. It has about 14 stock keeping units (SKUs) in its Sow Good Candy line of treats and four SKUs in its Sow Good Crunch Cream line. It sells its treats using an omnichannel strategy primarily focused on the wholesale and retail channels. All of its products manufactured by third parties are shipped to its facilities in Texas for packaging. Its products are sold through a diverse set of retail channels, including conventional, natural and specialty grocery, club, and convenience stores. In addition, the Company sells a substantial portion of its products through distributors. |
Financial Overview |
For the fiscal year ended 31 December 2023, Sow Good Inc revenues increased from $428K to $16.1M. Net loss decreased 75% to $3.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Goodwill impairment decrease from $4.9M (expense) to $0K, Intangible asset impairment decrease from $310K (expense) to $0K. |
Employees: | 225 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $191.82M as of Dec 31, 2023 |
Annual revenue (TTM): | $16.07M as of Dec 31, 2023 |
EBITDA (TTM): | -$0.76M as of Dec 31, 2023 |
Net annual income (TTM): | -$3.06M as of Dec 31, 2023 |
Free cash flow (TTM): | -$7.11M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $5.21M as of Dec 31, 2023 |
Shares outstanding: | 10,141,809 as of May 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |