Real Good Food Company Inc (OQ:RGF)
Business Focus: Frozen Food Manufacturing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3 Executive Campus, Suite 155 CHERRY HILL NJ 08002 |
| Tel: | N/A |
| Website: | https://realgoodfoods.com |
| IR: | See website |
| Key People | ||
| Bryan Freeman Executive Chairman of the Board, President, Secretary | Tim Zimmer Chief Executive Officer | Jim Behling Chief Financial Officer | Andrew J. Stiffelman Chief Marketing Officer |
| Business Overview |
| The Real Good Food Company, Inc. is a frozen food company. The Company develops, markets, and manufactures foods designed to be high in protein, low in sugar, and made from gluten-and grain-free ingredients that are intended to be sold in the health and wellness (H&W) segment of the frozen food category. It offers nutritious options across breakfast, lunch, dinner, and snacking occasions, which are available in approximately 15,000 stores nationwide, and directly from its website at www.realgoodfoods.com. Its branded products are sold to consumers through an increasing number of locations in retail channels, primarily in natural and conventional grocery, drug, club, and mass merchandise stores, including Walmart, Kroger, and Costco. It produces and sells entrees, bowls, breakfast sandwiches, enchiladas, other H&W products and snacks within the frozen food category. Its craveable products are offered in ready-to-heat and ready-to-cook formats for consumers to prepare. |
| Financial Overview |
| For the nine months ended 30 September 2023, Real Good Food Company Inc revenues increased 14% to $120.7M. Net loss increased 52% to $12.3M. Revenues reflect Entrees segment increase of 22% to $115.1M. Higher net loss reflects Interest expense - Balancing value increase from $4.3M to $9.9M (expense), Interest Expense on lease liabilities increase from $321K to $1.6M (expense). |
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