Tattooed Chef slumps after Q3 loss widens

Tattooed Chef

16/11/2022 11:33

** Shares of plant-based food maker Tattooed Chef Inc
 TTCF.O  down 15.82% at $2.82 premarket
    ** Stock set to open at an all-time low if losses hold
    ** TTCF reports Q3 loss of 46 cents/shr, widening from a
loss of 10 cents/shr a year earlier 
    ** Co reports Q3 net rev of $54.1 mln, falling 6.7% YoY;
decline led by its Tattooed Chef-branded products segment
    ** Net rev misses analyst's expectations of $73 mln - IBES
Refinitiv data 
    ** Co had trimmed its FY22 outlook last week
    ** All four brokerages covering the stock rate it "hold",
their median PT is $5.25
    ** Up to last close, stock had fallen 78.4% YTD compared
with a 27.4% decline in the Nasdaq Composite Index  .IXIC 
 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))