Welcome to our dedicated page for Real Good Food news (Ticker: RGF), a resource for investors and traders seeking the latest updates and insights on Real Good Food stock.
The Real Good Food Company, Inc. reports developments tied to its health-and-wellness frozen and refrigerated food business, including retail distribution, frozen protein line extensions, and product positioning around low-sugar, low-carbohydrate, high-protein meals and snacks. Its updates have included launches such as Seasoned Chicken Breast Chunks in major retail channels.
RGF news also includes capital-structure and corporate-status developments, including debt refinancing, a reverse stock split, Nasdaq listing compliance notices, trading suspension, delisting actions, and SEC reporting status.
The Real Good Food Company (Nasdaq: RGF) reported a 136% year-over-year increase in net sales for Q3 2021, reaching $23.0 million. Gross margin rose significantly, with adjusted gross margin at 17.1%. Following its IPO, the company achieved a pro forma cash balance of $44 million and expanded its credit facility capacity to $70 million. For 2021, net sales are projected at $83 million to $85 million, while 2022 forecasts net sales of $115 million to $125 million. Despite losses in adjusted EBITDA, growth metrics signal strong market performance.
Real Good Foods (Nasdaq: RGF) will report its third-quarter results on December 7, 2021, after market close. A conference call with executive management is set for 4:30 p.m. ET that same day to discuss the results. U.S. participants can join by calling (877) 451-6152, while international listeners may dial (201) 389-0879. A replay will be available until December 21, 2021. The call will also be webcast on the Company's website, which will be archived for 30 days.
The Real Good Food Company (Nasdaq: RGF) celebrated its IPO by ringing the closing bell at the Nasdaq on November 5, 2021. Executive Chairman Bryan Freeman expressed gratitude to the team for their efforts in reaching this significant milestone. The company focuses on health-conscious frozen foods that are high in protein and low in sugar, aligning with their mission to promote healthier lifestyles. Viewers can watch the closing bell ceremony livestream online. The announcement included forward-looking statements regarding future performance, acknowledging potential risks and uncertainties affecting outcomes.
The Real Good Food Company announced the pricing of its initial public offering (IPO) of 5,333,333 shares of Class A common stock at $12.00 per share. The offering includes a 30-day option for underwriters to purchase an additional 800,000 shares. The shares are set to trade on Nasdaq under the ticker symbol RGF starting November 5, 2021, with the offering expected to close on November 9, 2021. The gross proceeds from the offering are estimated at $64 million, potentially rising to $68.6 million with full exercise of the option. The company will not receive proceeds from shares sold by the selling stockholder.
The Real Good Food Company has initiated an initial public offering (IPO) of 5,333,333 shares of Class A common stock, with an expected price range of $14.00 to $16.00 per share. Additionally, there is a 30-day option for underwriters to purchase up to 800,000 extra shares. The company aims to list its shares on the Nasdaq under the ticker symbol RGF. Lead managers for the offering are Jefferies and William Blair & Company, with registration under Form S-1 filed with the SEC, pending effectiveness.