The following is a summary of the Mama's Creations, Inc. (MAMA) Q4 2024 Earnings Call Transcript:
Financial Performance:
Mama's Creations reported Q4 revenue of $26.7 million, a 17% increase from the previous year, with fiscal year 2024 revenue amounting to $103.3 million, up 11% from 2023.
Gross profit was $7.8 million in Q4 2024, marking a 22% increase and representing 29.3% of revenues.
Net income for Q4 2024 was $1.4 million or $0.04 per diluted share, slightly lower than 2023.
Cash and cash equivalents increased to $11 million, a substantial increase from the $4.4 million at the start of 2023.
Business Progress:
The sales organization was strengthened from one to five dedicated sales personnel.
The company launched its direct-to-consumer e-commerce website and is now selling products through Amazon.com.
Investments are being made to improve production facility automation, develop in-house capabilities, and grow the business through new SKUs, new customers, and increased marketing and trade promotion.
Despite commodity price increases, particularly for chicken, the company has negotiated pricing with customers to mitigate impacts.
Increased investment in marketing and Research and Development, along with new equipment and automation, are expected to boost performance from Q2 onwards.
Expansion into the Convenience Store (C-Store) channel is underway, which will provide new revenue from Q3.
The integration of the NetSuite ERP system has enhanced visibility and operational efficiency within the business.
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