Sow Good Q4 revenue hits record $9.5M, turns GAAP net income positive at $1.3M

Sow Good Inc.

Q4 2023 revenue $9.5M vs $47.1K in Q4 2022; sequential growth of 89% from Q3 2023.
GAAP net income $1.3M in Q4 vs net loss $6.8M in Q4 2022; full-year net loss improved to $3.1M from $12.1M.
Adjusted EBITDA $2.3M in Q4 vs $(1.0)M in Q4 2022; full-year Adjusted EBITDA $1.5M vs $(4.6)M.
Gross margin Q4 35% (vs 4% prior year); full-year gross margin 30% (vs 28%).
Company expanded retail partnerships with Five Below, Target, Circle K, Cracker Barrel; added freeze driers and co-manufacturing in China/Colombia.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sow Good Inc. reported financial results for fourth quarter and full year ended December 31, 2023.

Period: fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 22, 2024, Sow Good Inc. (the " Company ") issued a press release announcing financial results for the year and three-months and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001437749-24-009046

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