Sow Good Inc - SOWG STOCK NEWS

Sow Good (NASDAQ: SOWG) reported challenging Q4 2024 results, with revenue declining to $1.4 million from $9.5 million in Q4 2023. The company faced product integrity issues and increased competition from major global candy companies. Q4 gross profit showed a loss of ($1.2) million versus $3.4 million profit in Q4 2023, with gross margin at (88)%.

Despite Q4 challenges, full-year 2024 revenue grew to $32.0 million from $16.1 million in 2023. Annual gross profit increased to $13.0 million with 41% margin, compared to $3.3 million and 20% margin in 2023. The company ended 2024 with $3.7 million in cash.

Strategic initiatives include:

• Enhanced packaging and temperature-controlled shipping
• Expanded retail footprint
• Planned diversification into jerky and yogurt melts in H2 2025
• Focus on manufacturing efficiency and cost reduction

Sow Good Inc. (Nasdaq: SOWG), a leader in freeze dried candy and treat manufacturing, has announced its upcoming fourth quarter and full year 2024 financial results conference call. The event is scheduled for Friday, March 21, 2025, at 12:00 p.m. Eastern time.

The company will release its financial results prior to the conference call. Interested participants can access the call through a registration link, which will provide dial-in instructions. Technical support is available through Gateway Group at 1-949-574-3860.

The conference call will be broadcast live and will also be available for replay on the company's website at Sowginc.com.

Sow Good Inc. (SOWG) reported Q3 2024 financial results with revenue of $3.6 million, down from $5.0 million in Q3 2023. The decrease was primarily due to delayed shipments caused by quality concerns during extreme summer heat. Gross profit declined to $0.6 million with a 16.0% margin, compared to $1.3 million and 27.0% in Q3 2023. The company reported a net loss of $3.4 million or $(0.33) per share.

Year-to-date revenue significantly increased to $30.6 million compared to $6.5 million in 2023, with gross profit rising to $14.2 million and a 46.4% margin. The company's sixth freeze dryer is now operational, and they're implementing temperature-controlled distribution to prevent future heat-related issues.

Sow Good (Nasdaq: SOWG), a leader in freeze-dried candy and treats, has scheduled its Q3 2024 earnings conference call for Thursday, November 14, 2024, at 10:00 a.m. ET. The company will release its financial results for the quarter ended September 30, 2024, before the call. Interested participants can register through the provided link to receive dial-in instructions. The call will be broadcast live and available for replay on the company's website.

Sow Good Inc. announces expansion of its freeze-dried candy lineup with new products including -Edition Holiday Marshmallows, Taffy Bombs, Chamoy-coated candies, and Mint to Be treats. The company plans to double its freeze-drying capacity at both Irving and new Dallas facilities, targeting presence in over 10,000 stores by end of 2024 and European expansion by early 2025. By March 2025, Sow Good will bring chew candy production in-house. The products are currently available at major retailers including Five Below, Cracker Barrel, Kroger, HEB, and Amazon.

Sow Good Inc. (Nasdaq: SOWG), a leader in the freeze-dried candy and treat industry, is set to present at the 2024 Annual Gateway Conference in San Francisco. The presentation is scheduled for September 4, 2024, at 12:30 p.m. Pacific Time at the Four Seasons Hotel. Investors can access a live webcast and replay of the presentation online.

In addition to the main presentation, Sow Good executives will be available for one-on-one meetings throughout the conference. This event provides an opportunity for investors to gain insights into Sow Good's business strategies and market position. Interested parties can request invitations or schedule meetings by emailing conference@gateway-grp.com.

Sow Good Inc. (Nasdaq: SOWG) reported strong Q2 2024 results, with revenue increasing 37% sequentially to $15.6 million, driving net income of $3.3 million or $0.29 per diluted share. Gross profit rose to $9.0 million with a margin of 57.6%. Adjusted EBITDA improved to $6.2 million. The company achieved several milestones, including a Nasdaq listing and a $12.8 million public offering. Sow Good is focusing on expanding production capacity, diversifying distribution partnerships, and innovating in the candy category. The company is bringing chew candy production in-house to enhance quality control and reduce supply chain vulnerabilities. Despite a slower start to Q3 due to seasonal factors, Sow Good remains confident in its growth trajectory for 2024.

Sow Good Inc. (Nasdaq: SOWG), a leader in the freeze-dried candy and treat industry, has announced its upcoming second quarter 2024 conference call. The call is scheduled for Thursday, August 15, 2024, at 10:00 a.m. Eastern time. During this call, Sow Good will discuss its financial results for the quarter ended June 30, 2024. The company plans to release its financial results in a press release prior to the conference call.

Interested parties can register for the call using the provided link. For those experiencing difficulties connecting to the call, Gateway Group can be contacted at 1-949-574-3860. The conference call will be broadcast live and available for replay on the company's website at Sowginc.com.

On June 26, 2024, Sow Good (Nasdaq: SOWG) announced that its Founder and Executive Chairman, Ira Goldfarb, was interviewed by Robert Kraft of Planet MicroCap. During the interview, Goldfarb discussed the company's history, its competitive advantages in the freeze-dried candy and treat industry, and its long-term vision. The interview aims to provide insights into Sow Good's growth strategies and market positioning. The full interview is available online for viewing.