Tofutti Brands Q3 net loss of $207K; sales down 21% to $1.99M

TOFUTTI BRANDS INC

2024-Q3 EPS reported -$0.10 revenue$6,481,000

Net sales for Q3 fell 21% to $1.986M from $2.515M; vegan cheese sales dropped to $1.648M.
Net loss of $207K ($0.04 per share) vs net income of $110K ($0.02) in prior-year Q3.
Nine-month net loss widened to $542K ($0.10) from $310K ($0.06); revenue down 16% to $6.481M.
Cash declined to $176K at Sep 28 vs $837K at Dec 30; working capital fell to $2.961M.
CEO cites increased competition in vegan cheese and export decline; expects improvement in Q4 and 2025.

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