Laird Superfood Inc Stock Price, News & Analysis

Laird Superfood, Inc. (NYSE American: LSF) announced participation in the BMO Capital Markets 16th Annual Farm to Market Conference on May 19, 2021, at 3:20 p.m. ET. Key executives, including Co-Founder Paul Hodge and Laird Hamilton, will present and engage in Q&A moderated by Ken Zaslow. Investors can access a live webcast on Laird Superfood's Investor Relations website, with a replay available for three months. Established in 2015, Laird Superfood specializes in plant-based products aimed at enhancing daily rituals and fueling consumers with real ingredients.

Laird Superfood reported a 35% year-over-year increase in net sales, reaching $7.4 million for Q1 2021, driven largely by online sales which rose 65%. Despite the revenue growth, gross profit declined to $1.9 million with a gross margin of 25.1%, down from 38.6% in Q1 2020. The net loss attributable to common stockholders was $5.3 million, translating to $0.60 per diluted share. The company aims to focus on expanding market share and optimizing margins, highlighted by their recent acquisition of Picky Bars.

Laird Superfood, Inc. (NYSE American: LSF) has launched the Ohana Cares program, focused on providing plant-based food to support communities facing food insecurity, frontline workers, and athletes. This initiative reinforces the company's mission to make superfood products accessible and highlights three inaugural projects: 1) a Carbon Neutral Last-Mile shipping program, 2) a partnership with Feeding America to donate meals, and 3) a commitment to donate over $150,000 in product to frontline responders. The brand aims to address environmental impact and support those in need through its new program.

Laird Superfood, Inc. (NYSE American: LSF) has finalized a definitive agreement to acquire Picky Bars, LLC for $12 million in cash and stock. The acquisition is valued at approximately 1.2x estimated revenue for 2022 and aims to enhance gross margins and contribute positively to net income from 2022 onward. Picky Bars specializes in healthy snacks and has a strong direct-to-consumer presence. The deal aligns with Laird Superfood's strategic goals of expanding its product range and leveraging synergies between both companies’ distribution channels.

Laird Superfood, Inc. (NYSE American: LSF) is set to release its financial results for the first quarter ending March 31, 2021, on May 13, 2021, after market close. A live webcast will follow at 5:00 p.m. ET on the same day to discuss these results. Laird Superfood specializes in plant-based superfood products designed to boost daily nutrition and promote sustainable consumption. Co-founded by surfer Laird Hamilton, the company emphasizes environmentally-friendly and responsibly sourced ingredients.

Laird Superfood, Inc. (NYSE American: LSF) has launched personalized Daily Ritual bundles aimed at enhancing customer performance through plant-based nutrition. Customers can take a quiz to discover their ideal combination of products like Superfood Creamers, Coffee, and Functional Mushroom Blends, tailored to their lifestyle. Subscribers benefit from perks like exclusive sales, gifts, and free shipping. Co-founder Laird Hamilton emphasizes the accessibility and functionality of these products to support healthy habits.

Laird Superfood reported a 75% increase in net sales for Q4 2020, totaling $7.3 million, with online sales contributing 61% of total net sales. Despite this impressive growth, the company faced a net loss of $4.5 million or $0.51 per diluted share, compared to net income of $5.3 million in Q4 2019. Gross margin dropped to 20.3% from 34.7% due to increased shipping and labor costs. The company plans to leverage its cash reserves of $57.2 million for future growth initiatives in 2021.

Laird Superfood (NYSE American: LSF) has entered a three-year partnership with U.S. Ski & Snowboard as their exclusive sponsor for functional coffee and coffee creamers. This collaboration aims to support athletes with plant-based nutrition as they prepare for competitions. Laird Superfood provides a range of products including functional blends that enhance everyday rituals. The partnership aligns with both organizations' mission to promote quality nutrition, with activations planned during the current competition season, which includes the upcoming Aspen 2021 FIS World Championships.