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The Real Good Food Company, Inc., through its subsidiary, operates as a health and wellness focused frozen food company in the United States. The company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients. It offers comfort foods, such as bacon wrapped stuffed chicken, chicken enchiladas, grain-free cheesy bread breakfast sandwiches, and various entrée bowls under the Realgood Foods Co. brand name, as well as sells private-label products. The company serves retailers, which primarily sell its products through natural and conventional grocery, drug, club, and mass merchandise stores. It also sells its products through its e-commerce channel, which includes direct-to-consumer sales through its website, as well as through its retail customers' online platforms. The company was formerly known as Project Clean, Inc. and changed its name to The Real Good Food Company, Inc. in October 2021. The Real Good Food Company, Inc. was founded in 2016 and is based in Cherry Hill, New Jersey.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -45.67M | -67.09M | -15.54M | -14.19M |
| Minority interest | 34.68M | 32.12M | - | - |
| Net income | -10.98M | -30.59M | -15.56M | -19.52M |
| Selling general administrative | 25.01M | 27.79M | 2.59M | 2.41M |
| Selling and marketing expenses | 26.63M | 35.61M | 9.94M | 12.17M |
| Gross profit | 13.25M | 10.29M | 2.68M | 5.82M |
| Reconciled depreciation | 3.20M | 1.14M | 0.59M | 0.52M |
| Ebit | -38.39M | -53.11M | -9.86M | -8.76M |
| Ebitda | -38.25M | -61.73M | -9.27M | -8.29M |
| Depreciation and amortization | 0.14M | -8.62M | 0.59M | 0.47M |
| Operating income | -38.39M | -53.11M | -9.86M | -8.76M |
| Other operating expenses | 179.98M | 137.20M | 48.84M | 47.50M |
| Interest expense | 7.42M | 5.37M | 5.68M | 5.38M |
| Tax provision | 0.00M | 0.00M | 0.02M | 0.00M |
| Net interest income | -7.42M | -5.37M | -5.68M | -5.38M |
| Income tax expense | -34.68M | -36.51M | 0.02M | 5.33M |
| Total revenue | 141.59M | 84.08M | 38.98M | 38.74M |
| Total operating expenses | 51.64M | 63.41M | 12.54M | 14.58M |
| Cost of revenue | 128.34M | 73.79M | 36.31M | 32.92M |
| Total other income expense net | -7.28M | -13.98M | -5.68M | -5.43M |
| Net income from continuing ops | -45.67M | -67.09M | -15.56M | -14.19M |
| Net income applicable to common shares | -10.98M | -10.14M | -16.11M | -14.61M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 131.44M | 102.14M | 15.47M | 15.30M |
| Other current assets | 1.03M | 9.93M | 0.04M | 0.02M |
| Total liab | 139.54M | 71.16M | 45.64M | 30.05M |
| Total stockholder equity | 35.15M | 39.55M | -30.17M | -14.75M |
| Deferred long term liab | 0.97M | 0.82M | 1.58M | 0.84M |
| Other current liab | 4.67M | 8.11M | 0.67M | 0.59M |
| Common stock | 0.00M | 0.00M | 1.01M | 0.87M |
| Capital stock | 0.00M | 0.00M | 9.06M | 8.92M |
| Retained earnings | -21.13M | -10.14M | -39.23M | -23.67M |
| Other liab | 2.71M | 3.35M | - | - |
| Good will | 12.49M | 12.49M | - | - |
| Other assets | 3.48M | 4.29M | 1.65M | 0.89M |
| Cash | 5.28M | 27.43M | 0.03M | 0.39M |
| Total current liabilities | 33.22M | 31.64M | 8.56M | 5.15M |
| Current deferred revenue | - | 6.76M | - | 0.32M |
| Net debt | 103.47M | 10.29M | 40.12M | 26.05M |
| Short term debt | 5.13M | 1.57M | 3.08M | 1.55M |
| Short long term debt | 0.37M | 0.33M | 2.94M | 1.27M |
| Short long term debt total | 108.75M | 37.73M | 40.15M | 26.44M |
| Other stockholder equity | 56.27M | 49.69M | - | - |
| Property plant equipment | 49.38M | 22.42M | 1.84M | 2.16M |
| Total current assets | 66.10M | 62.95M | 11.97M | 12.24M |
| Net tangible assets | 22.66M | 27.07M | -38.22M | -22.80M |
| Net receivables | 20.32M | 8.97M | 3.53M | 2.53M |
| Long term debt | 69.48M | 24.76M | 36.94M | 24.75M |
| Inventory | 39.48M | 16.62M | 8.37M | 8.97M |
| Accounts payable | 23.42M | 15.21M | 4.82M | 2.69M |
| Non currrent assets other | 3.48M | 4.29M | 1.65M | 0.89M |
| Non current assets total | 65.34M | 39.19M | 3.50M | 3.06M |
| Capital lease obligations | 38.89M | 12.64M | 0.27M | 0.41M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -3.73M | -4.74M | -0.15M | -0.50M |
| Change to liabilities | 0.00M | 0.00M | 1.98M | -0.96M |
| Total cashflows from investing activities | - | -4.74M | -0.15M | -0.50M |
| Net borrowings | - | 8.46M | 7.54M | 4.32M |
| Total cash from financing activities | 38.86M | 61.21M | 7.54M | 11.66M |
| Change to operating activities | - | 9.87M | 0.34M | 0.40M |
| Net income | -45.67M | -67.09M | -15.56M | -14.19M |
| Change in cash | -22.15M | 29.72M | -0.36M | 0.25M |
| Begin period cash flow | 29.75M | 0.03M | 0.39M | 0.14M |
| End period cash flow | 7.60M | 29.75M | 0.03M | 0.39M |
| Total cash from operating activities | -57.28M | -26.75M | -7.75M | -10.92M |
| Issuance of capital stock | 0.00M | 55.75M | - | - |
| Depreciation | 3.20M | 1.14M | 0.59M | 0.52M |
| Change to inventory | -22.86M | -7.75M | 0.60M | -3.07M |
| Change to account receivables | -11.35M | -5.50M | -1.02M | 1.39M |
| Other cashflows from financing activities | 45.55M | 51.42M | 7.99M | 19.34M |
| Change to netincome | - | 41.03M | 4.26M | 2.27M |
| Capital expenditures | 3.73M | 2.53M | 0.15M | 0.50M |
| Change in working capital | -25.22M | -3.38M | 1.90M | -2.23M |
| Stock based compensation | 6.58M | 28.73M | - | - |
| Other non cash items | 3.82M | 13.85M | 5.32M | 4.99M |
| Free cash flow | -61.01M | -29.29M | -7.90M | -11.41M |
Sector: Consumer Defensive Industry: Packaged Foods
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| RGF Real Good Food Company Inc |
-0.13 93.03% |
0.01 | - | - | 0.08 | 0.24 | 0.96 | -4.59 |
| NSRGF Nestle SA |
- -% |
101.69 | 26.86 | 18.76 | 3.13 | 7.10 | 3.81 | 21.70 |
| NSRGY Nestle SA ADR |
0.07 0.07% |
103.51 | 26.82 | 18.66 | 3.18 | 7.07 | 3.81 | 21.70 |
| DANOY Danone PK |
0.23 1.52% |
15.40 | 24.23 | 17.64 | 1.88 | 2.57 | 1.88 | 11.70 |
| GPDNF Danone S.A |
- -% |
75.00 | 20.30 | 14.75 | 1.65 | 2.24 | 1.76 | 10.92 |
The Real Good Food Company, Inc., through its subsidiary, operates as a health and wellness focused frozen food company in the United States. The company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients. It offers comfort foods, such as bacon wrapped stuffed chicken, chicken enchiladas, grain-free cheesy bread breakfast sandwiches, and various entrée bowls under the Realgood Foods Co. brand name, as well as sells private-label products. The company serves retailers, which primarily sell its products through natural and conventional grocery, drug, club, and mass merchandise stores. It also sells its products through its e-commerce channel, which includes direct-to-consumer sales through its website, as well as through its retail customers' online platforms. The company was formerly known as Project Clean, Inc. and changed its name to The Real Good Food Company, Inc. in October 2021. The Real Good Food Company, Inc. was founded in 2016 and is based in Cherry Hill, New Jersey.
3 Executive Campus, Cherry Hill, NJ, United States, 08002
856 644 5624
130
| Name | Title | Year Born |
|---|---|---|
| Mr. Bryan T. Freeman | Exec. Chairman, Pres & Sec. | 1971 |
| Mr. Gerard G. Law | CEO & Director | 1974 |
| Mr. Akshay S. Jagdale | Chief Financial Officer | NA |
| Christopher Bevenour | VP, FP&A and Investor Relations | NA |
| Mr. Andrew J. Stiffelman | Chief Marketing Officer | 1985 |
| Mr. Bryan T. Freeman | Executive Chairman, President & Secretary | 1971 |
| Mr. Tim Zimmer | Chief Executive Officer | NA |
| Mr. Mark Dietz | Senior Vice President of Operations | NA |
| Shamari Benton | Vice President of FP&A and Investor Relations | NA |
| Mr. Andrew J. Stiffelman | Chief Marketing Officer | 1986 |
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