Welcome to our dedicated page for Real Good Food Company news (Ticker: RGF), a resource for investors and traders seeking the latest updates and insights on Real Good Food Company stock.
The Real Good Food Company, Inc. (RGF) generates news as a health and wellness frozen and refrigerated foods company focused on low-sugar, low-carbohydrate and high-protein products. Company updates often highlight its mission to provide “Real Food You Feel Good About Eating” across breakfast, lunch, dinner and snack occasions, and its distribution in thousands of retail stores with additional direct-to-consumer options.
News about Real Good Foods includes corporate and capital markets developments. The company has issued multiple announcements related to its Nasdaq listing status, including notices of delinquent SEC filings, potential delisting, and Nasdaq’s determination to delist its common stock. It has also reported on a board-approved reverse stock split aimed at addressing Nasdaq’s minimum bid price requirement, as well as its intention to voluntarily delist from Nasdaq and deregister with the SEC, which would end its obligation to file periodic reports such as Forms 10-K, 10-Q and 8-K.
Operational and strategic updates also appear in the company’s news flow. These have included product launches in the frozen aisle, such as new seasoned chicken breast items in national retail chains, and financing transactions intended to provide liquidity and support expansion of manufacturing capabilities and other corporate initiatives. Investors and observers can use this news stream to follow changes in RGF’s trading venue, regulatory status, capital structure and product distribution.
This page aggregates press releases and other coverage related to The Real Good Food Company, allowing readers to review both historical and ongoing developments affecting the company’s business, its stock, and its position within the health and wellness frozen and refrigerated foods segment.
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.