HF Foods reports Q1 record revenue $295.7M; net loss narrows to $0.6M; adjusted EBITDA up 51% to $8.7M

HF Foods Group Inc.

2024-Q1 EPS reported -$0.01 revenue$295,654,000

Net revenue $295.7M, up 0.6% YoY; record Q1 revenue despite $2.7M loss from chicken processing exit.
Gross profit margin flat at 17.1%; net loss improved from $5.8M to $0.6M.
Adjusted EBITDA increased 51.4% to $8.7M from $5.7M in prior year.
Operating cash flow fell to $7.1M from $12.6M, driven by working capital timing.
Cash balance $18.2M; $40.9M available under $100M credit line at March 31, 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HF Foods Group Inc. reported first quarter ended March 31, 2024 results: revenue $295.7 million, net income $0.6 million.

Period: first quarter ended March 31, 2024
Revenue: $295.7 million
Net income: $0.6 million
Result: reported results

Exact text from the filing

specific reference in such filing. --- EX-99.1 (EX-99.1) --- HF Foods Reports First Quarter 2024 Financial Results Highest Net Revenue Ever Recorded During First Quarter of $295.7 Million Pre-Recorded Earnings Call Webcast Available on Investor Relations Website Las Vegas, NV – May 8, 2024 – HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods”, or the “Company”), a

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Source: SEC EDGAR

accession 0001680873-24-000026

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