Sow Good Q3 revenue falls 28% to $3.6M; net loss of $3.4M vs prior-year profit

Sow Good Inc.

2024-Q3 EPS reported $0.05 revenue$30,608,526

Revenue $3.6M vs $5.0M in Q3 2023; gross margin dropped to 16% from 27%.
Net loss $3.4M ($0.33/diluted share) vs net income $0.3M ($0.04/share) last year.
Shipments delayed in Q3 due to extreme heat causing product quality issues; temperature-controlled distribution being implemented.
Year-to-date revenue surged to $30.6M from $6.5M in 2023; gross margin improved to 46.4%.
Sixth freeze dryer operational; retail expansions include World Market, Cracker Barrel, Kroger, Albertsons, Five Below.

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