Earnings Call Summary | Stryve Foods(SNAX.US) Q4 2023 Earnings Conference
Earnings Call Summary | Stryve Foods(SNAX.US) Q4 2023 Earnings Conference
The following is a summary of the Stryve Foods, Inc. (SNAX) Q4 2023 Earnings Call Transcript:
以下是Stryve Foods, Inc.（SNAX）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Stryve Foods reported 2023 net sales of $17.7 million, a decrease of 40.9% from 2022.
2023 Q4 net sales reported were $2.9 million.
Gross profit for 2023 was $2.4 million, an improvement from a loss of $0.7 million in 2022.
Operating expenses decreased by 43.2% to $17.9 million in 2023.
Net loss for the year was reduced to $19 million from $33.1 million in 2022.
Cash and cash equivalents stood at $0.4 million at year-end.
The company provided a revenue projection for 2024 of between $24 million to $30 million.
The company reported Q4 revenues of approximately $3 million.
By Q4 of 2024, Stryve Foods anticipates reaching an adjusted EBITDA breakeven point if it hits or exceeds the upper end of its sales range.
Stryve Foods报告称，2023年净销售额为1770万美元，比2022年下降40.9％。
2023年第四季度报告的净销售额为290万美元。
2023年的毛利为240万美元，较2022年的70万美元亏损有所改善。
2023年，运营支出下降了43.2％，至1,790万美元。
该年度的净亏损从2022年的3310万美元减少至1900万美元。
截至年底，现金及现金等价物为40万美元。
该公司预测2024年的收入在2400万至3000万美元之间。
该公司报告第四季度收入约为300万美元。
Stryve Foods预计，到2024年第四季度，如果达到或超过其销售区间的上限，调整后的息税折旧摊销前利润将达到盈亏平衡点。
Business Progress:
业务进展：
Stryve Foods implemented organizational changes enhancing efficiency and profitability.
Pricing alterations, product quality improvements, and the introduction of new offerings were implemented.
The operational transformation, MVP, lowered unit economics and improved cash flow.
Significant investments were made in technology and process improvements, resulting in cost savings and product quality enhancement.
The company revised branding and packaging to better communicate their products' uniqueness.
The company reported an 80% increase in velocity for the Stryve brand following packaging redesigns.
A line of credit extension was achieved and an equity facility was terminated.
Operational and supply chain optimizations resulted in efficiency gains and cost reductions.
Product redesign and operational enhancements are expected to spur future growth and margin expansion.
Stryve Foods announced a partnership with Acosta Marketing and Sales to leverage opportunities.
The company plans to increase presence in the marketplace by expanding distributions and product offerings.
The company restructured revenue, enhanced unit economics, and adjusted pricing and product architecture.
Stryve Foods实施了组织变革，提高了效率和盈利能力。
实施了定价变更、产品质量改进和新产品的推出。
运营转型（MVP）降低了单位经济效益，改善了现金流。
在技术和流程改进方面进行了大量投资，从而节省了成本，提高了产品质量。
该公司修改了品牌和包装，以更好地传达其产品的独特性。
该公司报告说，在重新设计包装后，Stryve品牌的速度提高了80％。
实现了信贷额度，终止了股权融资。
运营和供应链优化带来了效率提高和成本降低。
产品重新设计和运营改进预计将刺激未来的增长和利润扩大。
Stryve Foods宣布与Acosta Marketing and Sales建立合作伙伴关系，以利用机会。
该公司计划通过扩大分销和产品供应来增加在市场上的影响力。
该公司重组了收入，增强了单位经济性，调整了定价和产品架构。
More details: Stryve Foods IR
更多详情： Stryve Foods IR
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