earnings
confidence high
sentiment negative
materiality 0.70
HF Foods Q3 revenue up 6.0% to $298.4M; net loss of $3.8M vs prior year net income of $2.0M
HF Foods Group Inc.
2024-Q3 EPS reported
-$0.09
revenue$896,385,000
- Gross profit margin fell to 16.8% from 18.1%; gross profit down 1.5% to $50.2M.
- Net loss of $3.8M vs net income of $2.0M a year ago; driven by $5.3M non-cash swap expense.
- Adjusted EBITDA decreased 17.7% to $8.3M from $10.1M.
- Nine-month 2024: revenue up 3.3% to $896.4M; net loss improved to $4.2M from $5.4M.
- Cash used in operations of $3.3M YTD vs provided of $20.6M; cash balance $11.4M.