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Tattooed Chef announces the launch of six new plant-based products at Target stores nationwide on March 15, 2021. The offerings include the Cauliflower Mac & Cheese Bowl and Cauliflower Pizza Bowl with Plant-Based Pepperoni, among others, catering to both vegan and vegetarian diets. Each bowl is priced starting at $4.99 and requires only 6-7 minutes for preparation. This expansion aims to make plant-based meals accessible to a broader audience, reinforcing the company's commitment to innovation and sustainability in the food industry.
Tattooed Chef, a leader in plant-based foods, announced participation in two upcoming virtual investor conferences. On March 11, 2021, management will host a fireside chat at the D.A. Davidson 4th Annual Consumer Growth Conference at 12:30 p.m. PT. Additionally, on March 16, 2021, they will engage in a fireside chat at the 33rd Annual ROTH Conference at the same time. Interested investors can access webcasts of these presentations on the company's website.
Tattooed Chef, Inc. (Nasdaq: TTCF) announced it will release its financial results for the fourth quarter and full year ending December 31, 2020, on March 10, 2021, after the market closes. A conference call will follow at 1:30 PM PT (4:30 PM ET) for discussion of the results. Investors can join via phone or through the webcast available on the company's website. The call will be recorded with a replay option available until March 24, 2021.
Tattooed Chef (TTCF) reported preliminary revenue of $149 million for fiscal 2020, marking a remarkable 76% growth year-over-year. The company also achieved $39.5 million in revenue for Q4 2020, a 47% increase. The brand's product revenue grew significantly, reaching $24 million in Q4, a 253% rise from the previous year. Following the exercise of 9.1 million warrants, Tattooed Chef's cash balance stands at approximately $200 million, enhancing its ability to pursue strategic initiatives. Financial results for Q4 and fiscal 2020 will be reported on March 10, 2021.
Tattooed Chef goes public following its merger with Forum Merger II Corporation, starting trading on Nasdaq under TTCF and TTCFW on October 16, 2020. Ittella International's management anticipates significant growth opportunities in the plant-based food sector. Approximately 80% of equity is retained by Tattooed Chef's shareholders, indicating strong confidence in the company. The current management team, led by Sam Galletti, aims to expand brand awareness and innovative product offerings while addressing the increasing demand for plant-based foods.