Sow Good Q1 revenue jumps to $11.4M, net income $510.6K; uplists to Nasdaq

Sow Good Inc.

2024-Q1 EPS reported $0.06 revenue$11,406,320

Q1 revenue $11.4M (vs $199K YoY); net income $510.6K (vs loss of $1.4M).
Adjusted EBITDA $2.45M; gross margin 40.6% (down from 57.8% due to scaling costs).
Production capacity reached 4.5M units in Q1; full-year target of up to 30M units.
Subsequent warrant exercise reduced debt by $5.2M; public offering raised $13.8M gross.
Nasdaq uplisting May 2, 2024; new retail launches at Kroger, Dollar General, 7-Eleven.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sow Good Inc. reported the first quarter ended March 31, 2024 results: revenue $11.4 million, net income $510.6K.

Period: the first quarter ended March 31, 2024
Revenue: $11.4 million
Net income: $510.6K
Result: reported results

Exact text from the filing

Revenue in the first quarter of 2024 increased significantly to $11.4 million

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Source: SEC EDGAR

accession 0000950170-24-060063

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