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SOWG Stock Price & Analysis

Sow Good Inc
$
2.860
+2.860(+0%)6M

SOWG Stock Price Chart

5D
1M
3M
6M
YTD
1Y
5Y

SOWG Fundamental Analysis

buy
Moderate Buy
Buy
Hold
Sell
bubble
High
bubble
Averages
bubble
Low
Analyst
Rating
Action
Price Target
Date
Rating Reason
Craig-Hallum
Eric Des Lauriers
Strong Buy
Maintains
$20 → $25
2024-06-03
Roth MKM
George Kelly
Strong Buy
Reiterates
$15 → $21
2024-05-16
Roth MKM
George Kelly
Strong Buy
Initiates
$15
2024-05-10
Craig-Hallum
Eric Des Lauriers
Strong Buy
Initiates
$20
2024-05-10

SOWG Earnings Analysis

Sow Good Inc. Common Stock Corporation (SOWG.O) Q3 2024 Earnings Conference Call

Positive

  • Revenue Surge in 2024: 1. Significant Revenue Growth: Sow Good achieved $30.6 million in revenue for the first nine months of 2024, a remarkable increase from $6.5 million during the same period last year, showcasing strong market demand for their innovative products.

  • Cash Position Improvement: 2. Improved Cash Position: The company ended Q3 2024 with cash and cash equivalents of $6.9 million, up from $2.4 million at the end of 2023, primarily due to a successful public offering that raised $12.8 million.

  • Production Capacity Expansion: 3. Expansion of Production Capacity: Sow Good now operates six freeze dryers at their Union Bower facility and has received a seventh at Rock Quarry, with additional units set to arrive in the next two months, enhancing their production capabilities.

  • New Product Introductions: 4. Strategic Product Launches: The company is set to introduce new products, including the Chamoy gummy and a proprietary rock candy, which are expected to enhance their market presence and cater to diverse consumer preferences.

  • Private Label Strategy Expansion: 5. Focus on Private Label Opportunities: Sow Good is re-engaging with private label customers to create new revenue streams, leveraging their manufacturing capabilities to expand market access and support long-term growth.

Negative

  • Revenue Decline Analysis: 1. Declining Revenue: Revenue in Q3 2024 was $3.6 million, down from $5 million in the prior year period, primarily due to delayed product shipments caused by extreme heat.

  • Gross Profit Decline: 2. Reduced Gross Profit: Gross profit for Q3 2024 was $0.6 million, a decrease from $1.3 million in Q3 2023, resulting in a gross margin drop from 27% to 16%.

  • Rising Operating Expenses: 3. Increased Operating Expenses: Operating expenses surged to $3.8 million in Q3 2024, compared to just $0.3 million in the same period last year, driven by higher compensation and administrative costs.

  • Net Loss Reported: 4. Significant Net Loss: The company reported a net loss of $3.4 million, or $0.33 per diluted share, contrasting with a net income of $0.3 million, or $0.04 per diluted share, in Q3 2023.

  • Declining Adjusted EBITDA: 5. Negative Adjusted EBITDA: Adjusted EBITDA for Q3 2024 was negative $1.9 million, worsening from a positive $0.6 million in the same quarter of the previous year.

SOWG News

bubble
3.0
03-16SeekingAlpha
Earnings week ahead: FDX, GIS, NIO, XPEV, MU, NKE, CCL, ACN and more
bubble
9.5
03-06Newsfilter
Sow Good to Hold Fourth Quarter and Full Year 2024 Conference Call on Friday, March 21, 2025 at 12:00 p.m. ET
bubble
5.0
01-03NASDAQ.COM
Insider Purchase: Executive Chairman of $SOWG (SOWG) Buys 12,374 Shares
bubble
2.0
2024-12-13Benzinga
Top 3 Defensive Stocks That Are Set To Fly In December
bubble
9.5
2024-11-14Newsfilter
Sow Good Inc. (SOWG) Q3 2024 Earnings Call Transcript

SOWG FAQs

What is surpport and resistant level for SOWG Stock?

The S1 support level for SOWG Stock is $2.09 ,The R1 resistant level for SOWG Stock is $2.78.

What is the current price of SOWG Stock?

What is the market cap of Sow Good Inc?

What is Sow Good Inc (SOWG)'s business?

How many employees does SOWG have?

SOWG Key Stats

High
2.930
Vol
69.56K
Low
2.450
Amount
197.20K
Open
2.470
VWAP
2.84
Mkt Cap
29.30M
EV/EBITDA(TTM)
4.18

SOWG Company Profile

Sow Good Inc. is a freeze-dried candy and snack manufacturer. The Company’s business operates under the Sow Good brand. The Company produces a portfolio of freeze-dried treats under its Candy and Crunch Cream (freeze-dried ice cream bars and sandwiches) product lines. It produces, packages, and distributes freeze-dried products from its facility in Irving, Texas. It has about 14 stock keeping units (SKUs) in its Sow Good Candy line of treats and four SKUs in its Sow Good Crunch Cream line. It sells its treats using an omnichannel strategy primarily focused on the wholesale and retail channels. All of its products manufactured by third parties are shipped to its facilities in Texas for packaging. Its products are sold through a diverse set of retail channels, including conventional, natural and specialty grocery, club, and convenience stores. In addition, the Company sells a substantial portion of its products through distributors.