Jackie, Thank morning, everyone. and good you,
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this candy growth our freeze-dried year. seen since has line astronomical Good Sow launching earlier
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and our have origin Good of third competitive story performance. I'll you quarter Sow XXXX key that Now advantages, a the highlights provide some now our financial from few
Revenue.
revenue during is year-over-year freeze-dried As third to expansion approximately to the increased of BXB I growth earlier, sales quarter the our quarter candy the XXXX. to significantly XXXX of $XX,XXX This pivot strategic $X of third attributed and for period. mentioned for our current million compared
of capacity the second our expanded Another XXXX. of is new production driers in X the this addition freeze growth major after quarter driver of the
million quarter the our Gross quarter for significantly to of XX% year, quarter third $XX,XXX XXXX. profile to sold in third approximately the compared the of have higher increased Gross was last quarter $X.X now margin candy products XXXX increased food of to XXXX. XX% margin original we of significantly to we the which due of third the gross profit discontinued. XXXX to the product third The for margin in profit compared relative to increased lines
partnerships expect we sales our growth continue expect we quarterly current and demand generating levels While from strong our for profile candy ramp margin over time. as to we products, to moderate our co-manufacturing currently
quarter of Operating $X expenses compared for to million the period. $X.X were ago million the for year comparable XXXX third
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the September next our XX. item distribution XXXX, quarter. quarter, approximately Subsequent will to be feet employees also headcount line we fourfold which Our XXX in full-time comprising in XX,XXX March and has warehouse additional as since Irving, grown third of expense space of reflected square leased
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income net of quarter, interest primarily was a Net to quarter operating third for partially of loss compared was our we which increased the during million expenses. improvement level and third the XXXX million generated of was $X.X the offset $X.X the XXXX. higher gross profit This expenses for quarter due by of to
$X.X At to the million million XXXX negative at equivalents for XXXX, to December EBITDA cash improved XXXX. September to of XXXX. third third $X.X $X.X quarter $X.X Adjusted and cash approximately negative were XX, compared million million for XX, compared the quarter of
issued our September we on on August million received premium we additional our this have $X. X, capital on private and capacity targeted raise This a XXX,XXX placement As XX% of equity at we production completed XXXX. raised to newly an $X.X shares announced price a share represented The we front. in last remain per price XX from expansion, is towards opportunistic
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in more bringing our which, driers expected have from capacity, online agreements to we XXXX, is the and additional we anticipate co-manufacturing our in X place. double are even of freeze We new again, expansion QX
operations developing base. high-quality Growing partner to pursuing as continue appeal retail us a consumer base our broad growth such and that enables our products expanding manufacturing opportunities, sales to new
our brief objectives As company well we pillars. like overall to a to long-term Sow These I'd core and today's conclude with as are core growth review call, our close of as mission. near- Good's
consumers. efficiencies committed to rapid and growth which pillar, and commitment novel waste. effectiveness First, maximize building delight and innovate to speed our In of strong creating to retail third that our use our excellence, cycle our our production we the reduce are scalability, we innovation foundation manufacturing second manufacturing to support enhanced expertise and -- our We energy launches. accelerated pillar, through products to our manufacturing refine business entails
our sustainability continued and We of manufacturing scaling our footprint margin costs, reduce expect to practices time. over performance the
for potential Reaching our strive growth-oriented is fourth opportunity-rich to at a our This meaningful employment growth of cultivate employees our made our workplace organization. underscores of pillar, team. the each importance by our opportunities. possible We level
us with been our within several leadership proud of time of that advance have roles. company months We in employees are early our already to able the their to
final Our entire production by each pillar humidity process tailor and maintaining focus control focus and fifth product in through equipment speaks throughout our freeze quality standards, to the our on to organization. facility for We a meticulous protect our freeze which on driers software corresponding high-quality products. integrity is our our drying of building control custom and our investing
We also takes time expense hand ensures products, but processes, and control. automated this additional which our of pack better to quality all compared
providing its market As earn consistently and stages, the early greater loyalty ability share. freeze-dried achieve to our product retain candy high-quality and optimizes space is customer in a
network and to Sow earlier this distribution everyday to niche our operational develop manufacturing meet state-of-the-art believe category. transform demand freeze-dried retailer build us since a positioned from strong we snack debut growing customer a efforts Good strategic growth our candy has has and to to channels a capacity significant staple candy and scale wholesale generated freeze-dried facility, a of our year,
shareholders aim the progress our our upon you. thank months.
Thank to our in team and to freeze-dried cement build like leadership and we category for in support, the their and We'd candy further upcoming continued
