other material
confidence high
sentiment negative
materiality 0.85
Beyond Meat Q1 revenue down 9.1% to $68.7M, secures $100M senior secured loan from Ahimsa affiliate
BEYOND MEAT, INC.
- Net revenues $68.7M, down 9.1% YoY; gross loss $1.1M (margin -1.5%) vs gross profit $3.7M year ago.
- Operating loss $56.2M (margin -81.8%) vs $53.5M loss year ago; includes $4.3M inventory provision and $0.9M China suspension costs.
- New $100M senior secured delayed-draw term loan from Unprocessed Foods (Ahimsa Foundation); 12% PIK interest, matures Feb 2030, extendable to May 2035.
- Warrants for up to 12.5% of outstanding shares at exercise price 115% of 30-day VWAP (min $2.00, max $3.75); liquidity covenant requires at least $15M.