Beyond Meat Q4 net loss $44.9M, revenue up 4%; cuts workforce, suspends China ops

BEYOND MEAT, INC.

2024-FY EPS reported -$2.43 revenue$326,452,000

Net revenue $76.7M (+4% YoY); gross margin 13.1% vs -113.8% prior year.
Net loss $44.9M ($0.65/share) improved from $155.1M loss ($2.40) in Q4 2023.
Restructuring: cut 44 jobs (6% total workforce), suspend China operations; cash charges $1.5M-$2.5M, non-cash $12M-$17M.
CMO Akerho 'AK' Oghoghomeh leaves March 4, 2025; role eliminated.
Targets EBITDA-positive run-rate by end of 2026; savings from actions $5.5M-$6.5M cash in 2025.

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