earnings
confidence high
sentiment positive
materiality 0.75
Laird Superfood Q3 net sales record $11.8M (+28% YoY); net loss narrows to $0.2M
Laird Superfood, Inc.
- Net sales $11.8M, a record, up 28% from $9.2M in Q3 2023.
- Gross margin expanded to 43.0% from 31.0% YoY on lower ingredient costs.
- Net loss $0.2M ($0.02/shr) vs $2.7M ($0.28/shr) YoY; Adjusted EBITDA -$11.4K.
- E-commerce sales +42% YoY (Amazon +133%, DTC +10%); wholesale +13%.
- Cash increased $0.4M during the quarter.