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Starco Brands Inc (STCB)
OTHER OTC:STCB
Earnings Data
Report Date
Apr 02, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0Last Year’s EPS
-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2023
|% Change Since: -44.44%
|Next Earnings Date:Apr 02, 2018
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with notable achievements in cost optimization and brand growth, particularly for Winona and Soylent, but is offset by significant revenue and profit declines, especially in the Whipshots segment. The sentiment is balanced with both promising strategies for future growth and current challenges in revenue generation.Company Guidance
During the third quarter 2024 earnings call for Starco Brands, CEO and Interim CFO Ross Sklar provided detailed insights into the company's operational and financial performance. The quarter was marked by achieving positive adjusted EBITDA and sequential margin improvement, driven by cost management and new distribution gains. The company identified $3 million in cost optimization opportunities, contributing to enhanced capital availability. Notable metrics included a net revenue of $15.5 million, a gross profit of $6.4 million, and an adjusted EBITDA of $0.7 million. Key brand performances were highlighted, such as Winona Popcorn Spray, which achieved over 60% growth year-over-year and 10% market share with only 30% ACV. The Whipshots brand expanded its retail footprint with a partnership with Kroger, securing 1,257 distribution points. Meanwhile, the Art of Sport brand launched into retail with its protein powder now available at Fred’s stores owned by Kroger, and further expansion plans are set for 2025. Soylent showed a 15% cost savings and maintained a 23.6% market share in the meal replacement category with a strong return on ad spend of 4.5x. Starco Brands concluded the quarter with $1.6 million in cash and $13.2 million in inventory, positioning itself for accelerated strategic growth and market penetration in 2025.Positive Adjusted EBITDA and Margin Improvement
Achieved positive adjusted EBITDA, driven by cost management and new distribution gains, along with sequential margin improvement.
Cost Optimization Success
Identified and removed approximately $3 million of cost optimization opportunities through headcount efficiencies, streamlined marketing spend, and refinement of logistics footprint.
Winona Popcorn Spray Growth
Winona Popcorn Spray showed over 60% growth year-over-year through the third quarter and achieved 10% market share with only 30% ACV.
Soylent Cost Savings and Market Share
Achieved approximately 15% in cost savings, or $1.5 million annually, and maintained a strong 23.6% market share of the meal replacement category with Amazon.
Skylar Subscription Growth
Skylar's Scent Club serves nearly 10,000 monthly subscribers with a CAC of roughly $30 and a gross LTV of 3.30, indicating strong potential for cash generation.
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STCB 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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STCB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.09 | $0.05 | -44.44% |
| Aug 13, 2024 | $0.08 | $0.10 | +25.00% |
| May 15, 2024 | $0.11 | $0.11 | 0.00% |
| Apr 03, 2024 | $0.14 | $0.12 | -14.29% |
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 Starco Brands Inc (STCB) report earnings?
Starco Brands Inc (STCB) is schdueled to report earning on Apr 02, 2025, TBA Not Confirmed.
What is Starco Brands Inc (STCB) earnings time?
Starco Brands Inc (STCB) earnings time is at Apr 02, 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 STCB EPS forecast?
STCB EPS forecast for the fiscal quarter 2024 (Q4) is 0.
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