The Real Good Food Company, Inc.

The Real Good Food Company, Inc.

RGFC
The Real Good Food Company, Inc.US flagOther OTC
0.33
USD
- -
- -
5.10MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
TTM
Revenue per Share
75.35
75.82
163.54
274.35
243.96
Basic EPS, GAAP
-28.41
-31.33
-68.03
-21.28
-23.68
Free Cash Flow per Basic Share
-22.2
-15.37
-56.97
-118.21
-59.85
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
-44.34
-76.3
-19.72
-40.93
-52.14
Tangible Book Value per Share
-44.34
-58.67
35.98
-39.89
-87.68
Basic Weighted Avg Shares
1
1
1
1
1
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
1
1
1
Market Capitalization
27
24
26

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
-8.84
-11.83
-23.95
-24.91
-68.03
2022
-4.46
-5.18
-6.09
- -
-21.28
2023
-6.34
-6.95
-5.99
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

Company Description

APIChatGPT
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. engages in the development, manufacture, and distribution of health-focused frozen foods, emphasizing low-carbohydrate, high-protein, grain-free products. The company operates a branded portfolio of frozen entrées, breakfast items, snacks, and related meal solutions primarily sold through national retail grocery channels and direct-to-consumer platforms, including e-commerce at its website and retailer online storefronts. Headquarters are in Cherry Hill, New Jersey, United States, and the company was founded in 2016. The Real Good Food Company focuses on products that replace traditional high-carbohydrate bases with protein- and vegetable-based ingredients, positioning its offerings for keto/low-carb, gluten-sensitive, and health-conscious consumers. Main products and services - Frozen entrées: enchiladas, lasagna, bowls; grain-free, low net carbs, high protein; bases include chicken, cheese, or cauliflower instead of traditional doughs/pastas - Frozen snacks and appetizers: pizzas, bites, poppers; low sugar, often gluten-free, high protein; portion-controlled formats - Breakfast items and other frozen meals: breakfast sandwiches, bowls, and complementary items; designed for on-the-go, convenient nutrition - Private label and co-manufacturing arrangements: manufacturing partnerships to scale production while maintaining quality standards - Direct-to-consumer sales: online purchasing through company website and retailer platforms; fulfillment through national distribution network Latest major company changes - Strategic reorganizations following Chapter 11 proceedings in 2024 and subsequent private equity acquisition, resulting in ownership transition to a private holder; private equity ownership directs governance and strategic trajectory - Leadership and facility adjustments, including optimization of manufacturing footprint to improve cost structure and supply chain resilience - Expansion of distribution footprint in the U.S. through existing major retailers and direct-to-consumer channels, with ongoing emphasis on profitability improvements and category penetration - Refocusing product development toward higher-margin, nutritionally differentiated frozen offerings and streamlined operations to support sustainable growth Industry context and segments - Industry: consumer packaged foods; health-oriented frozen foods - Segments: retail grocery; foodservice channels; direct-to-consumer sales - Target markets: health-conscious consumers seeking low-carbohydrate, high-protein, gluten-free frozen meals; keto/low-carb dieters; families seeking convenient healthy options - Geographic footprint: United States nationwide distribution with direct-to-consumer options; headquarters in New Jersey Founding and corporate structure - Founded in 2016; headquarters in Cherry Hill, New Jersey, United States - Public listing previously under Nasdaq with ticker RGFC; as of 2024 private equity ownership following bankruptcy proceedings and asset acquisition; current corporate structure is privately held under new ownership - Notable subsidiaries or parent relationships: ownership transitions occurred through private equity acquisition post-bankruptcy; governance now aligned with new owner Notes on products and brands - Brand positioning emphasizes “Real Food You Feel Good About Eating,” with products designed to be high in protein, low in sugar and carbohydrates, and gluten-free or grain-free - Product portfolio centers on frozen entrées, snacks, and breakfast options that replicate familiar comfort foods with healthier ingredient substitutions Geographic and market operations - Operations span national retail channels across the United States, with an expanding direct-to-consumer presence - Distribution network includes major grocery chains, club stores, and mass merchandisers, supplemented by e-commerce platforms Subsidiaries and affiliations - Previously structured as a publicly traded company; reorganized post-2024 bankruptcy with private ownership; strategic direction now reflects private equity governance and asset consolidation Note: The Real Good Food Company specializes in healthier frozen foods with a focus on low-carb, high-protein formulations, targeting broad retail and e-commerce distribution in the United States, supported by a governance framework and operational footprint aligned with recent restructuring and strategic realignment.

Company News

APIChatGPT
  • 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

  • The 3 Best Nasdaq Stocks to Buy in April 2024

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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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