Brief: Real Good Food Reports Q4 Net Loss Of $11.9 Mln

Real Good Food

27/03/2023 12:41

March 27 (Reuters) - Real Good Food Company Inc  RGF.O :
    * THE REAL GOOD FOOD COMPANY REPORTS FOURTH QUARTER AND
FISCAL
YEAR 2022 FINANCIAL RESULTS
    * Q4 SALES ROSE 39 PERCENT TO $35.7 MILLION
    * HOUSEHOLD PENETRATION INCREASED TO 8.4% AS OF JANUARY
2023, AS
COMPARED TO 7.6% IN JANUARY 2022
    * SEES FOR YEAR ENDING DECEMBER 31, 2023 NET SALES OF AT
LEAST
$200 MILLION
    * SEES FOR YEAR ENDING DECEMBER 31, 2023 ADJUSTED EBITDA IN
MID-TO-HIGH SINGLE-DIGIT MILLIONS RANGE
    * SEES FOR YEAR ENDING DECEMBER 31, 2023  POSITIVE CASH FLOW
FROM
OPERATIONS
    * SEES NET SALES OF ABOUT $500 MILLION IN LONG-TERM
    * SEES ADJUSTED EBITDA MARGIN OF 15% IN LONG-TERM
    * SEES LONG-TERM, ADJUSTED EBITDA MARGIN OF 15%
    * SEES LONG-TERM, ADJUSTED GROSS MARGIN OF 35%
    * Q4 REVENUE VIEW $49.3 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXbgYL6p 
Further company coverage:  RGF.O 

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