Sow Good Q3 revenue surges to $5.0M from $87.7k; GAAP net income $0.3M vs loss $1.6M

Sow Good Inc.

2023-Q3 EPS reported -$0.89 revenue$6,548,479

Revenue $5.0M (Q3 2023) vs $87.7k year-ago; gross margin 46% vs 26%.
GAAP net income $0.3M vs net loss $1.6M prior year; Adjusted EBITDA $0.6M vs -$1.1M.
Launched four SKUs in 300 Target stores in Sept; expanded Five Below to five products.
Leased 51k sq ft warehouse; three additional freeze driers expected operational Q1 2024.
Cash $2.1M at Sept 30, including $3.7M from private placement.

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 third quarter ended September 30, 2023 results: revenue $5.0 million, net income $0.3 million.

Period: the third quarter ended September 30, 2023
Revenue: $5.0 million
Net income: $0.3 million
Result: reported results

Exact text from the filing

Sow Good Reports Third Quarter 2023 Results - Q3 Revenue Increased to $5.0 Million Compared to $87.7k in the Year-Ago Quarter

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Sow Good Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-031770

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