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Sow Good Inc. - SOWG STOCK NEWS

Welcome to our dedicated page for Sow Good news (Ticker: SOWG), a resource for investors and traders seeking the latest updates and insights on Sow Good stock.

Sow Good Inc. (symbol: SOWG) is an innovative U.S.-based company specializing in the manufacturing and marketing of freeze-dried fruits, vegetables, snacks, smoothies, and soups. The company also offers gluten-free granola products under the Sow Good brand. Using proprietary freeze-drying technology, Sow Good has successfully created a new subcategory of confectionaries known as freeze-dried candy, transforming traditional treats into novel and exciting everyday snacks.

The company recently celebrated a significant milestone by uplisting its shares to the Nasdaq Capital Market as of May 2, 2024. This strategic move is expected to boost institutional investor interest, market visibility, and liquidity, while enhancing long-term shareholder value.

In addition to its Nasdaq uplisting, Sow Good also completed an underwritten public offering that raised $13.8 million in gross proceeds. These funds will support ongoing production expansion and broader growth initiatives, aiming to strengthen the company's leadership in the freeze-dried candy and treats category.

Further, on April 15, 2024, Sow Good issued approximately 2.2 million shares of its common stock in connection with the exercise of warrants issued between December 2021 and May 2023. This move reduced the company's debt by $5.2 million and increased common equity by nearly $5.3 million, showcasing its solid financial condition.

Looking ahead, Sow Good is committed to continuous innovation and excellence in manufacturing. The company plans to expand its B2B customer base and retail presence while advancing product innovation. These efforts are aimed at maintaining and growing its market presence and ensuring high-quality standards in all its food products.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Sow Good (Nasdaq: SOWG) has announced a substantial expansion with a new 324,000 sq. ft. production facility in Dallas, Texas. The facility will significantly increase the company's production capacity to meet rising demand for its freeze-dried treats. Approximately 306,500 sq. ft. of the facility will be dedicated to production, packaging, and distribution, while 17,400 sq. ft. will be reserved for office space. The company has secured deposits for five advanced freeze driers, with three set to be operational in the next six months. This move aims to centralize and streamline logistics and distribution while maintaining high food safety and quality standards. The facility will start distribution within a month and will begin packaging and freeze-drying production within four and six months, respectively.

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Sow Good (Nasdaq: SOWG), a leader in the freeze-dried candy and treat industry, will participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024, at the Depot Renaissance Hotel in Minneapolis, Minnesota. The company's management team will be available for one-on-one meetings throughout the day.

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Sow Good (Nasdaq: SOWG) will ring the Nasdaq Opening Bell today, May 20, 2024, to celebrate its recent listing and ongoing operational growth. The company, a leader in the freeze dried candy industry, transitioned to Nasdaq on May 2, 2024. CEO Claudia Goldfarb highlighted their first-year achievements, including expanding production infrastructure and customer base, and developing an innovative SKU portfolio. Executive Chairman Ira Goldfarb emphasized the company’s entrepreneurial roots and commitment to community impact, noting growth in transforming niche trends into high-growth categories. The ceremony will be livestreamed, marking a significant milestone for Sow Good.

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FAQ

What is the current stock price of Sow Good (SOWG)?

The current stock price of Sow Good (SOWG) is $3.59 as of November 29, 2024.

What is the market cap of Sow Good (SOWG)?

The market cap of Sow Good (SOWG) is approximately 36.8M.

What does Sow Good Inc. specialize in?

Sow Good Inc. specializes in manufacturing and marketing freeze-dried fruits, vegetables, snacks, smoothies, soups, and gluten-free granola products.

What is unique about Sow Good's products?

Sow Good utilizes proprietary freeze-drying technology to create a new subcategory of confectionaries known as freeze-dried candy, offering innovative and flavorful snacks.

When did Sow Good Inc. uplist to the Nasdaq?

Sow Good Inc. uplisted to the Nasdaq Capital Market on May 2, 2024.

How much did Sow Good raise in its recent underwritten public offering?

Sow Good raised $13.8 million in gross proceeds from its recent underwritten public offering.

How did the recent warrant exercise impact Sow Good's financial condition?

The warrant exercise reduced Sow Good's debt by $5.2 million and increased common equity by nearly $5.3 million.

What are Sow Good's core pillars?

Sow Good's core pillars are innovation, scalability, manufacturing excellence, meaningful employment opportunities, and food quality standards.

How does Sow Good plan to use the funds from its recent public offering?

Sow Good plans to use the funds to support ongoing production expansion and broader growth initiatives.

What future plans does Sow Good have for its product offerings?

Sow Good plans to continue advancing product innovation and expanding its B2B customer base and retail presence.

Who can investors contact for inquiries?

Investors can contact Cody Slach or Jackie Keshner at the Gateway Group, Inc. at 1-949-574-3860 or via email at SOWG@gateway-grp.com.

Where can I find more information about Sow Good's latest news and updates?

More information is available on the company's website at Sowginc.com and through live broadcasts of their conference calls.

Sow Good Inc.

Nasdaq:SOWG

SOWG Rankings

SOWG Stock Data

36.78M
3.71M
57.87%
8.7%
3.38%
Packaged Foods
Food and Kindred Products
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United States of America
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