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Sow Good (SOWG)
NASDAQ:SOWG
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Earnings Data
Report Date
Mar 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.19Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2023
|% Change Since: -68.20%
|Next Earnings Date:May 10, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with notable revenue growth year-over-year and a strong cash position, but significant short-term challenges such as revenue decline, operational losses, and the impact of melted products on sales. The company remains optimistic about long-term growth and strategic initiatives despite these setbacks.Company Guidance
During Sow Good's Q3 2024 earnings call, the company reported a significant year-over-year revenue increase for the first nine months, reaching $30.6 million compared to $6.5 million in the previous year. However, the third quarter revenue declined to $3.6 million from $5 million in Q3 2023, primarily due to a strategic pause in shipments to maintain product quality during extreme heat. This decision impacted sales velocity as some melted products reached retail shelves. Gross profit for the quarter was $0.6 million with a gross margin of 16%, down from 27% the prior year. Operating expenses rose to $3.8 million, with a net loss of $3.4 million or $0.33 per diluted share, compared to a net income of $0.3 million or $0.04 per share in Q3 2023. Adjusted EBITDA stood at negative $1.9 million. The company ended the quarter with $6.9 million in cash and a $19.4 million inventory, a $9.1 million increase from the previous quarter, as they plan to leverage this inventory to support long-term strategic initiatives.Substantial Year-over-Year Revenue Growth
Achieved $30.6 million in revenue for the first nine months of 2024, a significant increase from $6.5 million in the same period last year, demonstrating strong growth and market acceptance of innovative products.
Expansion and Strategic Growth
Received the seventh freeze dryer and chew candy making machine at Rock Quarry, with additional equipment arriving soon to support increased production capacity and new product introductions.
Strong Cash Position
Ended Q3 2024 with $6.9 million in cash and equivalents, up from $2.4 million at the end of 2023, bolstered by a $12.8 million public offering.
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SOWG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SOWG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $9.81 | $4.24 | -56.78% |
| Aug 14, 2024 | $20.25 | $13.21 | -34.77% |
| May 15, 2024 | $11.11 | $15.76 | +41.85% |
| Mar 22, 2024 | $7.85 | $10.19 | +29.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sow Good (SOWG) report earnings?
Sow Good (SOWG) is schdueled to report earning on Mar 21, 2025, TBA Not Confirmed.
What is Sow Good (SOWG) earnings time?
Sow Good (SOWG) earnings time is at Mar 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SOWG EPS forecast?
SOWG EPS forecast for the fiscal quarter 2024 (Q4) is -0.19.
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