Lifeway Foods Inc (OQ:LWAY)

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 fiscal year ended 31 December 2023, Lifeway Foods Inc revenues increased 13% to $160.1M. Net income increased from $924K to $11.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Royalties paid to Chairperson decrease from $400K (expense) to $0K, Gain (loss) on sale of property and equi increase from $241K (expense) to $34K (income).
Employees: 288 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $283.21M as of Dec 31, 2023
Annual revenue (TTM): $160.12M as of Dec 31, 2023
EBITDA (TTM): $20.16M as of Dec 31, 2023
Net annual income (TTM): $11.37M as of Dec 31, 2023
Free cash flow (TTM): $12.59M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 14,690,987 as of Mar 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.

Learn More