The Real Good Food Company, Inc.

The Real Good Food Company, Inc.

RGF
The Real Good Food Company, Inc.US flagNASDAQ Global Market
1.25
USD
+1.25
- -
2.18MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
TTM
Revenue per Share
6.28
6.32
13.63
22.86
20.34
Basic EPS, GAAP
-2.37
-2.61
-5.67
-1.77
-1.97
Free Cash Flow per Basic Share
-1.85
-1.28
-4.75
-9.85
-4.99
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
-3.7
-6.36
-1.64
-3.41
-4.35
Tangible Book Value per Share
-3.7
-4.89
3
-3.32
-7.31
Basic Weighted Avg Shares
6
6
6
6
8
Sales/Revenue/Turnover
39
39
84
142
156
Operating Margin (%)
-22.6
-25.29
-63.16
-27.11
-25.27
Depreciation Expense
1
1
1
3
6
Net Income, GAAP
-14
-16
-35
-11
-15
Effective Tax Rate (%)
- -
- -
- -
- -
- -
Profit Margin (%)
-36.62
-39.92
-41.6
-7.76
-9.71
Working Capital
7
3
31
33
32
LT Debt
25
37
36
104
137
Total Equity
-15
-30
31
-8
-44
Return on Invested Capital (%)
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Mar'23
Jun'23
Sep'23
ST Debt
5
6
7
LT Borrowings
87
101
106
LT Finance Leases
33
32
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
11
Market Capitalization
327
283
309

Working Capital

FRC

in mil. unless spec.
Mar'23
Jun'23
Sep'23
Total Current Assets
67
77
91
Cash, Cash Equivalents & STI
1
1
- -
Accounts Receivable, Net
20
23
30
Inventories
45
51
58
Total Current Liabilities
31
38
58
Payables & Accruals
25
32
51
ST Debt
5
6
7
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-126.15%
Free Cash Flow
- -
- -
108.29%
Net Income, GAAP
- -
- -
-68.6%
Sales/Revenue/Turnover
- -
- -
68.39%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
17
19
23
26
84
2022
38
31
38
36
142
2023
30
35
56
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
-0.74
-0.99
-2
-2.08
-5.67
2022
-0.37
-0.43
-0.51
- -
-1.77
2023
-0.53
-0.58
-0.5
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
- -
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Timothy S. Zimmer
Full Time Employees
130
Sector
Consumer Defensive
Industry
Packaged Foods
Address
3 Executive Campus Cherry Hill NJ United States of America 08002
IPO Date
Nov 5, 2021
Business
The Real Good Food Company, Inc. (RGF) develops, manufactures, and markets health-focused frozen food products that are high in protein, low in net carbohydrates, low in sugar, gluten-free, and grain-free; its core offerings include frozen entrees such as chicken enchiladas, lasagna, and bowls using alternative bases like chicken or cauliflower instead of traditional doughs or pastas, frozen snacks and appetizers including pizzas, poppers, bites, homestyle chicken meatballs, dino nuggets, and no seed oil nuggets, as well as breakfast items like sandwiches. The company sells its products through approximately 15,000 natural, conventional grocery, drug, club, and mass merchandise stores nationwide such as Costco, Walmart, Kroger, H-E-B, and Sam's Club, supplemented by direct-to-consumer e-commerce via its website realgoodfoods.com and retailers' online platforms; it targets health-conscious consumers, keto and low-carb dieters, diabetics, and gluten-sensitive individuals in the health and wellness segment of the U.S. frozen food category across breakfast, lunch, dinner, and snacking occasions. Founded in 2016 and headquartered in Cherry Hill, New Jersey, the company formerly known as Project Clean, Inc. until October 2021 went public via IPO that year and operates through a subsidiary with around 130 employees. Recent developments include a 12-to-1 reverse stock split of its Class A and Class B common stock effective January 3, 2025; significant debt refinancing through an amended agreement with PMC Financial Services and a new $60 million term loan with Emblem Investments Fund I, LP in early 2025, providing $52 million for general corporate purposes including manufacturing expansion after repaying $8 million of prior debt, alongside issuing 19.99% equity in subsidiary Class C units exchangeable for common shares; and new product launches such as bold chicken meatballs at H-E-B in September 2025, no seed oil nuggets at Sam's Club, and dino nuggets.

Company News

APIChat
  • The Real Good Food Company Announces Intent to Voluntarily Delist from Nasdaq and Deregister with the SEC

  • The Real Good Food Company Announces Nasdaq Delisting

  • The Real Good Food Company Announces Reverse Stock Split

  • The Real Good Food Company Receives Anticipated Additional Delinquency Notice from Nasdaq

  • The Real Good Food Company Announces Debt Refinancing Transactions with PMC Financial Services and Emblem Investments Fund I, LP

  • The Real Good Food Company Receives Nasdaq Notice Regarding Potential Delisting

  • Real Good Foods Launches New Seasoned Chicken Breast Chunks in 4,000 Walmart Stores Nationwide

  • The Real Good Food Company Receives Nasdaq Notice Regarding Filing Requirements

  • The Real Good Food Company to Participate in the 24th Annual B. Riley Institutional Investor Conference

  • The Real Good Food Company Appoints New Senior Food Executives to Lead Finance, Procurement, Supply Chain and Business Management

  • The Real Good Food Company Receives Nasdaq Notice Regarding Minimum Bid Price Requirements

  • Smarter Logistics Files Lawsuit Against Real Good Foods for Unpaid Services

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  • The Real Good Food Company Announces Leadership Changes and Supply Chain Optimization

  • The Real Good Food Company to Participate in the 36th Annual ROTH Conference

  • Real Good Foods Announces First International Expansion into the Canadian Club Channel

  • Real Good Foods Announces Launch of New Low Sugar BBQ Entrée Platform at Kroger

  • Real Good Foods Announces Expansion of its Nutritious Burritos into the Refrigerated Category in Club Stores Nationwide & Select Walmart Stores

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