Laird Superfood Inc Stock Price, News & Analysis

Laird Superfood (LSF) reported its Q4 and fiscal year 2022 results, noting a net loss of $15.6 million, or $1.69 per diluted share. Net sales totaled $9.0 million for Q4, a slight increase from Q3, driven largely by e-commerce, contributing 66%. However, gross margin decreased significantly to (4.6%), down from 23.4% in Q3, primarily due to transition costs and a product quality issue. For fiscal 2022, net sales were $35.8 million, down from $36.8 million in 2021, with a net loss of $40.3 million. Looking ahead, the company aims for high single-digit sales growth and gross margins exceeding 30% in 2023, despite economic challenges.

Laird Superfood, Inc. (NYSE American: LSF) will announce its financial results for the fourth quarter and full year ended December 31, 2022, on March 14, 2023, after market close. A webcast hosted by management will follow at 5:00 p.m. ET, allowing investors to gain insights into the company's performance. Founded in 2015 by renowned surfer Laird Hamilton, Laird Superfood creates award-winning plant-based superfood products aimed at enhancing daily rituals. The company's commitment to using real ingredients reflects its environmentally conscientious approach.

Laird Superfood has announced a comprehensive rebrand and new product launches at the Natural Products Expo West in Anaheim, California, from March 7-11, 2023. Highlights include the introduction of enhanced Instant Lattes featuring adaptogens and a revamped Prebiotic Daily Greens formula with 22 superfoods. The company aims to improve consumer experience with clearer product labeling and new single-serve formats. CEO Jason Vieth emphasized the mission to provide functional, plant-based foods that meet increasing consumer demands. Laird Superfood maintains high standards of quality, using only real ingredients without artificial additives.

Laird Superfood (NYSE American: LSF) reported its Q3 2022 financial results, showing net sales of $8.8 million, a decrease from $10.9 million year-over-year. Gross margin improved by 520 basis points sequentially to 23.4%, but was down 600 basis points compared to Q3 2021 largely due to inflation and lower volumes. The company reported a net loss of $5.7 million, or $0.63 per diluted share. Despite challenges, Laird reaffirmed its full-year guidance, expecting net sales between $36 million to $38 million and gross margin of approximately 20%. Cash reserves stand at $21 million with no debt.

Laird Superfood, Inc. (NYSE American: LSF) is set to report its third-quarter financial results for the period ending September 30, 2022, on November 10, 2022, after market close. A webcast discussion will follow at 5:00 p.m. ET. The company, co-founded by surfer Laird Hamilton in 2015, specializes in plant-based superfood products aimed at enhancing daily consumer rituals and promoting a natural lifestyle.

Laird Superfood (NYSE American: LSF) has announced a transition to outsourcing manufacturing of its powdered creamers and hydration products via a co-packer agreement. The company will cease its operations in Sisters, Oregon by late 2022, aiming to enhance its financial profile by reducing fixed costs and improving gross margin towards a long-term target of 35%. CEO Jason Vieth emphasized this strategic move is essential in response to macroeconomic challenges and aligns with customer demand. Affected employees will receive severance support.

Laird Superfood, Inc. (NYSE American: LSF) confirmed receipt of an unsolicited acquisition offer from EF Hutton SPV I LLC for $3.00 per share in cash. The Board of Directors will review the proposal to determine the best course of action for shareholders. No action is required from shareholders at this time, and Laird Superfood will refrain from further public comments unless deemed necessary. The company offers plant-based superfood products aimed at enhancing daily rituals.

Laird Superfood (LSF) reported a net loss of $4.9 million for Q2 2022, an improvement from $6.3 million a year ago. Net sales totaled $8.7 million, down 6% year-over-year. Online sales contributed 60% of total sales but fell by 11%, while wholesale sales rose by 4%. The gross profit was $1.6 million, leading to a gross margin of 18.2%, a decline from 23.8% in the previous year. However, net cash used in operating activities improved by 33%. The company expects full-year sales between $36 million and $38 million while facing economic uncertainties.

Laird Superfood, Inc. (NYSE American: LSF) announced that CEO Jason Vieth will participate in the Canaccord Genuity 42nd Annual Growth Conference from August 8-11, 2022, in Boston, MA. Vieth is scheduled for a fireside chat at 8:30 a.m. Eastern Time on August 11. Investors can access a live webcast of the presentation on the Laird Superfood Investor Relations website, with a replay available for 30 days. Laird Superfood specializes in plant-based superfood products, co-founded by renowned surfer Laird Hamilton in 2015.