Mama's Creations Q3 revenue $28.7M (+11.5%), net income $2.0M (+83%), adj. EBITDA $3.5M

Mama's Creations, Inc.

2024-Q3 EPS reported $0.14 revenue$76,559,000

Gross margin expanded 460 bps to 30.1% on pricing, commodity normalization and operational improvements.
Adjusted EBITDA rose 67.6% to $3.5M; operating expenses at 20.7% of sales vs 19.7% a year ago.
Record Q3 revenue driven by volume gains from cross-selling, new customers and pricing actions.
Cash increased to $5.6M; total debt reduced to $9.9M with $1.0M debt paydown in the quarter.
Announced leadership evolution: two new VP Operations; COO Matthew Brown retiring; Lynn Blake appointed to Board.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Mama's Creations, Inc. reported the fiscal third quarter ended October 31, 2023 results: revenue $28.7 million, net income $2.0 million, EPS $0.05 per diluted share.

Period: the fiscal third quarter ended October 31, 2023
Revenue: $28.7 million
Net income: $2.0 million
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Mama’s Creations Reports Third Quarter Fiscal 2024 Financial Results Third Quarter Revenue Grew to Record $28.6 Million, Driving $2.0 Million in Net Income EAST RUTHERFORD, NJ – December 12, 2023 – Mama’s Creations, Inc . (Nasdaq: MAMA), a leading national marketer and manufacturer of fresh deli

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Source: SEC EDGAR

accession 0001493152-23-044553

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