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Rhea-AI Summary
Mama's Creations, a leading fresh deli prepared foods company, reported 17% revenue growth and $6.7 million cash flow from operations in Q4 2024. The company saw significant increases in revenues, gross profit, and adjusted EBITDA, with notable operational highlights and marketing initiatives. The CEO highlighted a transformational year, emphasizing growth opportunities in the deli space and potential market consolidation. Despite a few operational expenses and a decrease in net income, Mama's Creations remains optimistic about future growth.
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End-of-Day
9.27%
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Mama’s Creations, Inc. (NASDAQ: MAMA) secures a 'Costco Roadshow' in the Northeast Region to showcase six branded items to Costco members, aiming for national placements. The roadshow in May 2024 will feature product samples like beef meatloaf, sausage, peppers, jumbo beef meatballs, and various sauces. Marketing activations include social media and digital advertising to attract Costco members. The company aims to expand its partnership with Costco and gather valuable customer feedback to enhance its presence and sales growth.
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End-of-Day
1.46%
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Mama’s Creations, Inc. (NASDAQ: MAMA) will host an earnings call on April 24, 2024, to discuss financial results for the fiscal fourth quarter and year ended January 31, 2024. The call will include a corporate update and Q&A session. CEO Adam L. Michaels highlighted the company's success in fiscal 2024, emphasizing ongoing demand expansion for prepared foods and targeted revenue growth through cost improvements and strategic investments.
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0.21%
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Mama's Creations, Inc. (NASDAQ: MAMA) announces participation in major investor conferences in Spring 2024. Chairman and CEO, Adam L. Michaels, to host meetings and webcasts at events to showcase company's progress in market share gains and operational transformation.
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Rhea-AI Sentiment
End-of-Day
3.92%
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Mama's Creations, Inc. (NASDAQ: MAMA) plans to accelerate FY2025 sales with new investments in marketing. The company will participate in the 2024 UNFI Natural and Conventional Spring and Summer Show in San Diego, CA, showcasing its fresh Deli prepared foods.
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End-of-Day
-0.89%
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Mama's Creations, Inc. (NASDAQ: MAMA) is set to host a virtual investor day presentation to provide a business and financial update on key operational initiatives. The event, scheduled for February 13, 2024, will feature the company's top executives discussing their go-forward strategy and vision for the future. The presentation will also include a question-and-answer session, encouraging current and prospective investors to participate. The company aims to create sustainable value for its shareholders over the long-term.
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-1.6%
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Mama's Creations, Inc. (Nasdaq: MAMA) announced that its management will lead the closing bell ceremony at the Nasdaq Stock Market on January 23, 2024, to celebrate the corporate name and ticker change. The livestream video and archive recording will be available on the Nasdaq website. Adam L. Michaels, Chairman & CEO, expressed gratitude and highlighted the company's record growth, profitability, and impact, emphasizing the teamwork and workplace culture as key factors for success.
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End-of-Day
-0.43%
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Mama’s Creations, Inc. (Nasdaq: MAMA) announced the pricing of an underwritten public offering of 5,629,921 shares of common stock by certain selling stockholders at $3.50 per share. The Company will not receive any proceeds from the sale.
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Rhea-AI Sentiment
End-of-Day
8.18%
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Mama's Creations, Inc. (Nasdaq: MAMA) has announced a proposed underwritten public offering of 5,629,921 shares of common stock by certain selling stockholders. The company will not receive any proceeds from the sale, and the selling stockholders will bear the costs associated with the sale. The offering will be managed by Craig-Hallum as sole book running manager and Roth Capital Partners, LLC as co-manager. A registration statement on Form S-3 relating to the offering was filed with the SEC and declared effective on November 13, 2023.
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Rhea-AI Sentiment
End-of-Day
8.18%
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Rhea-AI Summary
Mama's Creations, Inc. (Nasdaq: MAMA) reported a record third-quarter revenue of $28.6 million, driving $2.0 million in net income. The company's Q3 fiscal 2024 highlights include a 11.5% increase in revenue, 31.6% growth in gross profit, and 83.0% increase in net income compared to the same period last year. The company also announced a corporate name change to Mama's Creations and a ticker symbol change to 'MAMA'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.86%
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Mama's Creations, Inc.
Nasdaq:MAMA
MAMA Rankings
MAMA Stock Data
244.45M
33.57M
25.42%
46.74%
1.51%
Rendering and Meat Byproduct Processing
Manufacturing
United States of America
EAST RUTHERFORD
About MAMA
"home style, old world italian food created from recipes my grandmother brought with her to america. never written down, existing only in her heart. at the age of 15 my grandmother anna mancini, taught me all of them. now stored in my heart. i am so proud to bring anna’s amazing recipes to your table. my dream come true. from anna’s heart to my heart to your table." - dan mancini* • 17,000 sq. ft usda facility • haccp approved • fresh and frozen food plant with flash freezing technology • multiple manufacturing capabilities with several versatile lines of semi-automated production *dan mancini has appeared on martha stewart, today show, fox business, people, rachael ray blog, food network, msn, multiple radio and tv stations.