WEB NEWS Research
Mamamancini’s Hldgs Inc (OOTC:MMMB) ($1.88 $68.2M market cap), a company that manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States, announced first quarter 2024 results:
Sales of $23.1 million vs $21.8 million in the prior year; ahead of analyst estimates of $22.3
EPS of $0.04 vs EPS of $0.00; ahead of analyst estimates of $0.01
“The first quarter of fiscal 2024 reflects the sustainability of our margin profile, a strong base which we expect to build upon as we continue to strengthen our business throughout the year,” said Adam L. Michaels, Chairman and CEO of MamaMancini's. “Our success in enhancing profitability has been enabled through our laser focus on being brilliant at the basics and executing upon our '3Cs' strategy – Cost, Controls, and Culture. Despite the progress we have seen to-date, there is still room for further improvement in time, and I firmly believe that gross margins could reach the 30% range in the long-term.”
Research
Mamamancini’s Hldgs Inc (OOTC:MMMB) ($1.88 $68.2M market cap), a company that manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States, announced fourth quarter 2023 results:
Sales of $22.8 million vs $13.9 million in the prior year; ahead of analyst estimates of $$22.3
Non-GAAP EPS of $0.05 vs loss of $0.04; ahead of analyst estimates of $0.02
Full year sales of $93.2 million vs $$47.1 million
Full year EPS of $0.06 vs loss of $0.01
“Our aspiration is to build upon this strong foundation to realize sequential increases in profitability throughout fiscal 2024 – enabled by increasing average items carried, penetrating new retailers and further strengthening our margin profile. Accomplishing this through the impending buildout of our sales and marketing organization, paired with future acquisitions to further build our in-house capabilities and product suite, will allow us to become a first-of-kind national deli solutions company – all with the goal of delivering sustainable, long-term value to my fellow shareholders,”
Research
Mamamancini’s Hldgs Inc announced Q4 2021 results:
Sales of $10.0 million vs $9.9 million in the prior year
Non GAAP EPS of $0.03 vs EPS of $0.0
“While fiscal 2021 was a record year, there are still extremely attractive growth areas for the core business as we enter fiscal 2022. From major box retailer engagements to hot bar placements at leading groceries nationwide, our outlook on the near-term food market remains optimistic. When taken in tandem with the new acquisition strategy as well as our recent application to uplist to the Nasdaq Capital Market, I believe that fiscal 2022 will mark another record year for our shareholders,”
On April 24, 2020 we disclosed a small long position ($1.55 opening price) in MMMB on the heels of a positive interview with management.
Research
Mamamancini’S Hldgs Inc (OOTC:MMMB) ($2.35; $75.4M market cap) , a company that manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States, announced Q2 2021 results:
Sales of $10.4 million vs $8.1 million in the prior year
EPS of $0.02 vs $0.01 in the prior year
“Increase in demand in 2020 is being driven by a host of changes in the consumer market, which we are leveraging through marketing and advertising programs designed to engage purchasers adjusting to more meals at home. Many consumers have continued to obtain the majority of their food purchases from grocery stores, even as stay-at-home orders have lifted. We believe this trend will continue in the near term, and our goal is to continue to convert these enthusiastic first-time customers into repeat purchasers, creating a recurring revenue stream. Looking ahead, we plan to transition our momentum into the food service segment as that market slowly returns to normal as COVID subsides over time.
From the conference call:
“Our projections for the year have altered to reflect this, but overall, they remain very strong for the year within our existing supermarket client base. We expect a record year in sales and earnings. However, we caution that with today's continuing evolving macroeconomic landscape, accurate forecast in the future can be difficult.”
Research
Mamamancini’S Hldgs Inc (OOTC:MMMB) ($1.65; $53.0M market cap) , a company that manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States announced Q1 2021 results:
Sales of $11.1 million vs $7.4 million in the prior year
EPS of $0.03 vs $0.01 in the prior year
“The first quarter of 2021 was highlighted by our robust revenue and net income growth which lays the foundation for an incredible fiscal year,” said Carl Wolf, Chairman and Chief Executive Officer of MamaMancini’s. “We continue to see robust demand, which we are servicing more efficiently than ever given the numerous operational improvements being implemented at our facility. We expect these improvements to increase throughput while driving gross margin expansion as we scale, particularly as beef prices begin to return to normal.
Conference call indicates Q2 will be strong year over year, but seems like sequentially down is certainly possible.
“We expect a record year in sales and earnings, with the second quarter strong compared to prior year, but without the onetime COVID-related sales for the first quarter. However, we caution that with today's continually evolving macroeconomic accurate -- macroeconomics accurate forecasting, the future can be difficult.”
On April 24, 2020 we disclosed a small long position in MMMB on the heels of a positive interview with management.
Research
Mamamancini S Hldgs Inc (OOTC:MMMB) ($1.60; $51.1M market cap) , a company that manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States, announced Q1 2021 preliminary revenues and record net income for Q1.
The Company expects estimated revenues to increase at least 45% to a record $10.7 million, compared to $7.4 million in the same year-ago quarter. MamaMancini’s also expects estimated record net income for the fiscal first quarter 2021...
...“We’ve continued our momentum into the first quarter of fiscal 2021, as evidenced by our record sales, which are expected to be at least $10.7 million, an increase of at least 45% when compared to the same year-ago quarter,” said Carl Wolf, Chairman and Chief Executive Officer of MamaMancini’s. “The sudden shift to consumers eating the majority of meals at home was a fortuitous event for the introduction of our line of specialty pre-prepared, frozen and refrigerated all-natural food products to families looking for healthy alternatives. In addition, we experienced record sales through our partnership with QVC, with QVC selling over $1 million of MamaMancini’s products in the month of April.”
On April 24, 2020 we disclosed a small long position in MMMB on the heels of a positive interview with management.
Comments & Business Outlook
Third Quarter 2013 Results
Revenue for the third quarter of fiscal 2013 was $2.17 million , compared to $0.97 million in the prior year period, an increase of 124%
Net loss for the third quarter of fiscal 2013 was $494,000 or $(0.02) per basic and diluted share, compared to a net loss of $455,000 , or $(0.03) per basic and diluted share, in the third quarter of fiscal 2012.
Outlook Revenue for the fourth quarter of fiscal 2013 is expected to range between $2.8 million and $3.1 million , which would represent an increase of 133% to 158% compared to the fourth quarter of the prior year. It is important to note that quarterly revenue in the Company's business is subject to variability given that it works with a large number of mass-market retailers; each having purchasing and promotion plans that become active in different months and quarters throughout the year. Consequently, there can be a concentration of orders in certain quarters resulting in uneven revenue results from time-to-time. Recognizing that revenue may not be evenly distributed on a quarterly basis, the Company's overarching goal is to drive consistent annual revenue growth.
Management Discussion Carl Wolf , chairman and chief executive officer of MamaMancini's, said, "The Company is making great progress in executing on our goals to expand the MamaMancini's brand and drive sales growth. Sales during the most recent quarter increased 124% compared to last year's comparable quarter and up 27% sequentially. During the quarter, we continued to expand the number of retail locations that carry MamaMancini's products as well as the number of SKUs per location. We are currently carried on more than 19,500 retailer's shelves throughout North America and that number continues to expand."
"With our recently completed financing," commented Mr. Wolf, "we plan to continue investing in the marketing of the brand through radio, social media and other platforms, to drive incremental sales growth. While we are early in the process of building the potential of the MamaMancini's brand, the results we are achieving provide us with great confidence that our strategy is gaining traction. We are also ramping production capabilities to meet the growing demand for our products by further automating our manufacturing plant and enhancing operating efficiencies."
Mr. Wolf concluded, "Experience has taught me that in order to create a trusted food brand, you must have products that taste great, with an excellent nutritional profile, and offers convenience to the retail customer. I believe that our "all natural" products share these critical attributes and that the success of our marketing campaign indicates that consumers look for these attributes in the products that they serve their families. I am pleased that MamaMancini's is building a reputation that consumers can trust."
Comments & Business Outlook
SAN MATEO, Calif. July 15, 2013 /PRNewswire / -- Quantance Inc., manufacturer of ultra-fast, 4G/LTE envelope tracking (ET) power supplies, today announced that the company's flagship product, the Q845 qBoostTM ET Power Supply, has been successfully tested with a wide range of power amplifiers (PAs) on customer reference design boards as well as in the labs of PA manufacturers, exhibiting exceptional efficiency, linearity and noise performance with old and new PA technologies from all major PA providers. These results confirm that the Q845 ET Power Supply can be paired with the PAs preferred by all 4G/LTE chipset providers and smartphone manufacturers (OEMs).
Chipset providers and device OEMs are depending on ET to address the increasing demands placed on 4G/LTE systems to improve transmit system efficiency, reduce current consumption and eliminate thermal problems. At the same time, they are being pressured by band proliferation and platform cost/size reduction to move from single band PAs to multi-mode, multi-band (MMMB) PAs.
To ensure these demands are met today and into the future, qBoost operates with:
Off-the-shelf Average Power Tracking (APT) PAs that are in production today
Next gen PAs being optimized for ET, sampling now, and in production starting Q3 2013
MMMB and single band PAs in the most common bands (1,2,3,4,5,6,7,8,9,10,13,17,20,38,40,41)
The latest generation of 4G/LTE CMOS PAs
Additionally, qBoost exhibits leading performance at all LTE system bandwidths, from less than 1MHz to 20MHz, and all PA compatibility referenced above can be achieved while still meeting 3GPP receive band noise requirements.
"Our high-speed, boosting ET architecture is the only proven single-chip, production-ready solution that delivers industry leading ET efficiency and receive band noise performance for 4G/LTE up to 20MHz." said Vikas Vinayak
Quantance's patented qBoost ET technology is a unique boosting ET architecture that enables PA efficiency to reach theoretical limits, and at the same time, dramatically increases PA transmit power. This architecture delivers the response time equivalent of a 400MHz switcher for ET systems, while maintaining linearity and meeting receive band noise requirements – making the Q845 more than 100 times faster, with lower noise, than any other mobile ET power supply solution available today. This ultra-fast performance, along with a standards-based interface and tiny application footprint, sets the industry standard for performance, size and integration simplicity.
