DDC ENTERPRISE LTD Stock Price, News & Analysis

DDC Enterprise (NYSEAM: DDC) announced that Chairwoman and CEO Norma Chu has completed a 10,000,000 share subscription, alongside a new investor, bringing $2,278,080 in total new funds to the company. Chu also plans to purchase up to 10% of DDC's outstanding shares in the open market.

The company provided preliminary 2024 financial guidance, anticipating record revenue in its first full year as a NYSE:AM listed company with expected gross revenue between $34-$40 million and gross margins of 23.5-27%. Cash and equivalents are estimated at $26.2 million as of December 31, 2024.

Additionally, DDC announced it has regained full compliance with NYSE continued listing standards on February 14, 2025, resolving the deficiency referenced in a NYSE letter dated April 23, 2024.

DDC Enterprise (NYSEAM: DDC), a leading multi-brand Asian consumer food company, has released its preliminary financial guidance for 2024. The company expects to achieve record revenue in its first full year as a NYSE:AM listed company, projecting gross revenue between $34-$40 million with gross margins of 23.5-27%.

The company's Adjusted EBITDA for 2024 is anticipated to remain consistent with amounts reported as of June 30, 2024. Cash, cash equivalents, and short-term investments are estimated at $26.2 million as of December 31, 2024.

Additionally, DDC announced on February 14, 2025, that it has regained compliance with NYSE continued listing standards, resolving the listing deficiency referenced in a NYSE letter dated April 23, 2024.

DDC Enterprise (NYSE:DDC) has successfully regained compliance with NYSE continued listing standards, resolving the deficiency cited in Section 1003(a)(i) from April 23, 2024. The company has significantly improved its stockholder's equity through strategic debt conversions and capital raises.

According to unaudited first half 2024 results, DDC achieved notable financial improvements:

• Reduced debt by $5.6 million through debt-to-equity conversion
• Increased shareholder equity by 109% to $19.7 million compared to December 31, 2023
• Grew total revenue by 40% to $17.2 million year-over-year

DDC Enterprise (NYSEAM: DDC), a leading multi-brand Asian consumer food company, has announced the completion and filing of its 2023 Annual Report Form 20-F with the SEC. The company is now current with its SEC financial filing requirements and no longer considered a late filer under NYSE rules.

The company's CEO, Norma Chu, highlighted this as a critical reporting milestone, noting that DDC has strengthened its accounting and finance staff in 2024. However, the audited financial statements included a going concern qualification in the audit opinion, as disclosed under NYSE American Company Guidelines Sections 401(h) and 610(b).

The audit opinion contains an explanatory paragraph regarding DDC's ability to continue as a going concern. Shareholders can access the complete audited financial statements through the company's website at ir.daydaycook.com or request a hard copy free of charge.

DDC Enterprise (NYSEAM: DDC) has appointed George Lai as an independent member of its Board of Directors, replacing Ms. Wei Qiao who resigned on November 30, 2024. Lai will serve on all Board Committees and chair the Audit Committee as the designated financial expert.

Lai brings significant financial expertise as the current CFO of The9 (NASDAQ: NCTY) since 2008 and board member since 2016, where he oversees Bitcoin mining operations and financial management. He also serves as an independent director at Qingdao Port International. His previous experience includes eight years at Deloitte Touche Tohmatsu, working in Hong Kong, New York, and Beijing offices, where he participated in numerous IPO projects and assisted public companies with accounting matters.

DDC Enterprise (NYSEAM: DDC) has received an extension from NYSE Regulation until February 4, 2025 to file its 2023 annual report (Form 20-F) with the SEC. The company must meet interim milestones during this period, and failure to comply could result in accelerated trading suspension. NYSE will monitor DDC's progress closely, and lack of progress in becoming current with SEC filings during the plan period could trigger delisting procedures.

DDC Enterprises (NYSEAM: DDC), a leading multi-brand Asian consumer food company, has issued a corporate update from CEO Norma Chu. Key highlights include:

• Improved corporate infrastructure with a new finance team and appointment of Enrome LLP as independent auditor
• Estimated 2023 revenue between $28-29 million, up 10-14% from 2022
• Gross margin increase from 24.5% to an estimated 24.9-25.1%
• Estimated $25.8 million in cash and short-term investments at year-end 2023
• Successful acquisitions of Yai's Thai and Omsom brands
• Elimination of $4.8 million in debt
• Appointment of new leadership, including COO Malik Sadiq

The company aims to become the most influential player in the U.S. Asian food market and expects to benefit from economic stimulus in China.

DayDayCook (DDC) announces the launch of Yai's Thai's new BBQ and hot sauces at Sprouts Farmers Market. This partnership makes Sprouts the first-to-market retail partner for these new products, available in 400 Sprouts locations nationwide. Yai's Thai, known for authentic Thai flavors, crafted these sauces with high-quality ingredients and traditional recipes.

Leland Copenhagen, founder of Yai's Thai, expressed excitement about the partnership, highlighting the sauces' versatility for grilling, dipping, and enhancing everyday dishes. Sprouts now offers the most extensive selection of Yai's Thai products, with 12 SKUs. This launch is part of Yai's Thai's expansion strategy, aiming to reach 3,000 to 4,000 retail locations nationwide.

DDC Enterprise (NYSEAM: DDC), a leading multi-brand Asian consumer food company, has successfully recapitalized its debt and secured additional funding. The company completed a $4.8 million loan restructuring with ten creditors, converting outstanding principal and interest into Class A Ordinary shares. Additionally, DDC raised $1.7 million through a private placement of Class A Ordinary shares with four investors. These transactions resulted in the issuance of approximately 9.5 million Class A Ordinary shares.

CEO Norma Chu expressed enthusiasm about the creditors' support and the positive impact on the company's balance sheet. The proceeds will be used for working capital and other corporate purposes, supporting brand growth and expanded distribution channels. The securities were offered and sold in a private transaction and are not registered under the Securities Act of 1933.