Stryve Foods Reports Full Year 2023 Results with Improved Adj. EBITDA Loss and 2024 Guidance

STRYVE FOODS, INC.

2024-Q1 EPS reported -$1.42 revenue$4,598,159

Full year 2023 net sales of $17.7 million, down from $29.9 million in 2022 due to strategic rationalization.
Adjusted EBITDA loss improved 52.9% to ($11.8) million in 2023 from ($25.0) million in 2022.
Fiscal 2024 net sales guidance set at $24 million to $30 million, implying 35% to 70% growth.
Asset-based line of credit with Alterna Capital renewed through March 2026 with $8.0 million capacity.
Company terminated ATM equity facility with Craig Hallum Capital and extended $4.1 million in bridge notes.

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

STRYVE FOODS, INC. reported Fiscal Year 2024 results: revenue $24 million to $30 million. Guidance initiated.

Period: Fiscal Year 2024
Revenue: $24 million to $30 million
Guidance: initiated
Result: guidance update

Exact text from the filing

net sales guidance in the range of $24 million to $30 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STRYVE FOODS, INC. reported Fourth Quarter 2023 results: revenue $2.9 million.

Period: Fourth Quarter 2023
Revenue: $2.9 million
Result: reported results

Exact text from the filing

Net sales of $2.9 million, compared to $5.4 million in the year-ago quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STRYVE FOODS, INC. reported financial results for Full Year Fiscal 2023.

Period: Full Year Fiscal 2023
Result: reported results

Exact text from the filing

Stryve Foods, Inc. Reports Full Year Fiscal 2023 Results

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Source: SEC EDGAR

accession 0001493152-24-012502

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