Stryve Foods ( (SNAX) ) has released a notification of late filing.
Stryve Foods, Inc., a company known for its innovative food products, has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to working capital constraints that have made it challenging to compile and review the necessary information without incurring undue hardship and expense. Consequently, the company’s independent auditors have not completed their audit procedures. Stryve Foods anticipates filing the delayed report within 15 days of the original due date. Despite the delay, the company has shared preliminary financial results, indicating a significant increase in net sales by 18.5% to $21.0 million and an improved adjusted EBITDA loss of $8.0 million, a 32.4% improvement from the previous year. However, the company continues to face a working capital deficit, which it plans to address through potential equity offerings or debt financing. The notification was signed by R. Alex Hawkins, the Chief Financial Officer, as part of the company’s ongoing compliance efforts.
More about Stryve Foods
YTD Price Performance: -29.62%
Average Trading Volume: 52,691
Technical Sentiment Signal: Buy
Current Market Cap: $2.4M
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