DDC Enterprise Provides 2024 Financial Guidance
DDC Enterprise (NYSEAM: DDC), a leading multi-brand Asian consumer food company, has released its preliminary financial guidance for 2024. The company expects to achieve record revenue in its first full year as a NYSE:AM listed company, projecting gross revenue between $34-$40 million with gross margins of 23.5-27%.
The company's Adjusted EBITDA for 2024 is anticipated to remain consistent with amounts reported as of June 30, 2024. Cash, cash equivalents, and short-term investments are estimated at $26.2 million as of December 31, 2024.
Additionally, DDC announced on February 14, 2025, that it has regained compliance with NYSE continued listing standards, resolving the listing deficiency referenced in a NYSE letter dated April 23, 2024.
DDC Enterprise (NYSEAM: DDC), un'importante azienda asiatica di alimenti multi-brand, ha pubblicato le sue previsioni finanziarie preliminari per il 2024. L'azienda prevede di raggiungere un fatturato record nel suo primo anno completo come società quotata NYSE:AM, con un fatturato lordo previsto tra $34-$40 milioni e margini lordi del 23,5-27%.
Si prevede che l'EBITDA rettificato dell'azienda per il 2024 rimanga coerente con gli importi riportati al 30 giugno 2024. La liquidità, gli equivalenti di liquidità e gli investimenti a breve termine sono stimati in $26,2 milioni al 31 dicembre 2024.
Inoltre, DDC ha annunciato il 14 febbraio 2025 di aver ripristinato la conformità agli standard di quotazione continua NYSE, risolvendo la carenza di quotazione menzionata in una lettera NYSE datata 23 aprile 2024.
DDC Enterprise (NYSEAM: DDC), una destacada empresa asiática de alimentos de múltiples marcas, ha publicado su guía financiera preliminar para 2024. La compañía espera alcanzar ingresos récord en su primer año completo como empresa listada en NYSE:AM, proyectando ingresos brutos entre $34-$40 millones con márgenes brutos del 23.5-27%.
Se anticipa que el EBITDA ajustado de la empresa para 2024 se mantenga consistente con los montos reportados al 30 de junio de 2024. El efectivo, equivalentes de efectivo e inversiones a corto plazo se estiman en $26.2 millones al 31 de diciembre de 2024.
Además, DDC anunció el 14 de febrero de 2025 que ha recuperado el cumplimiento de los estándares de cotización continua de NYSE, resolviendo la deficiencia de cotización mencionada en una carta de NYSE fechada el 23 de abril de 2024.
DDC Enterprise (NYSEAM: DDC), 아시아 다중 브랜드 소비 식품 회사의 선두주자가 2024년을 위한 예비 재무 지침을 발표했습니다. 회사는 NYSE:AM에 상장된 첫 해에 기록적인 수익을 달성할 것으로 예상하며, 총 수익은 $34-$40 백만 사이로 예상되며, 총 마진은 23.5-27%로 예상합니다.
회사의 2024년 조정 EBITDA는 2024년 6월 30일 기준으로 보고된 금액과 일치할 것으로 예상됩니다. 현금, 현금 등가물 및 단기 투자는 2024년 12월 31일 기준으로 $26.2 백만으로 추정됩니다.
또한, DDC는 2025년 2월 14일 NYSE 지속적 상장 기준을 준수하게 되었으며, 2024년 4월 23일자 NYSE 서신에서 언급된 상장 결함을 해결했다고 발표했습니다.
DDC Enterprise (NYSEAM: DDC), une entreprise asiatique de produits alimentaires multi-marques de premier plan, a publié ses prévisions financières préliminaires pour 2024. L'entreprise s'attend à réaliser un chiffre d'affaires record lors de sa première année complète en tant qu'entreprise cotée à la NYSE:AM, projetant un chiffre d'affaires brut compris entre $34-$40 millions avec des marges brutes de 23,5-27%.
Le résultat EBITDA ajusté de l'entreprise pour 2024 devrait rester cohérent avec les montants rapportés au 30 juin 2024. La trésorerie, les équivalents de trésorerie et les investissements à court terme sont estimés à $26,2 millions au 31 décembre 2024.
De plus, DDC a annoncé le 14 février 2025 qu'elle a retrouvé sa conformité aux normes de cotation continue de la NYSE, résolvant le déficit de cotation mentionné dans une lettre de la NYSE datée du 23 avril 2024.
DDC Enterprise (NYSEAM: DDC), ein führendes asiatisches Unternehmen für Verbraucherlebensmittel mit mehreren Marken, hat seine vorläufigen finanziellen Prognosen für 2024 veröffentlicht. Das Unternehmen erwartet, im ersten vollen Jahr als an der NYSE:AM gelistetes Unternehmen Rekordumsätze zu erzielen, wobei ein Bruttoumsatz zwischen $34-$40 Millionen und Bruttomargen von 23,5-27% prognostiziert wird.
Das bereinigte EBITDA des Unternehmens für 2024 wird voraussichtlich mit den zum 30. Juni 2024 gemeldeten Beträgen übereinstimmen. Bargeld, Zahlungsmitteläquivalente und kurzfristige Investitionen werden zum 31. Dezember 2024 auf $26,2 Millionen geschätzt.
Darüber hinaus gab DDC am 14. Februar 2025 bekannt, dass es die Einhaltung der fortlaufenden Notierungsstandards der NYSE wiedererlangt hat, wodurch die in einem Schreiben der NYSE vom 23. April 2024 erwähnte Notierungsdefizit behoben wurde.
- Projected gross revenue of $34-$40 million for 2024
- Healthy gross margin range of 23.5-27%
- Strong cash position with $26.2 million in cash and equivalents
- Regained NYSE listing compliance
- Previous NYSE listing compliance issues indicate past financial challenges
Insights
The financial guidance reveals several critical insights about DDC's operational trajectory and market position. The projected $34-40 million revenue range demonstrates modest scale for a NYSE-listed company, while the 23.5-27% gross margin guidance suggests relatively healthy unit economics in the competitive Asian consumer food sector, where margins typically range from 15-25%.
The $26.2 million cash position provides approximately 2-3 quarters of operational runway based on current revenue levels, offering adequate buffer for near-term operations and potential strategic initiatives. This liquidity position is particularly important given the company's growth stage and the capital-intensive nature of the consumer food industry.
Regaining NYSE compliance marks a significant corporate milestone that removes a key overhang for investors. This development should enhance institutional investor accessibility and potentially improve trading liquidity. The resolution of listing deficiencies typically indicates improved financial health and corporate governance standards.
The guidance suggests a focus on sustainable growth rather than aggressive expansion, evidenced by the company's emphasis on maintaining consistent adjusted EBITDA levels. This conservative approach could be strategic given current market conditions, though it may limit near-term upside potential. The Asian consumer food market's continued expansion presents opportunities for margin improvement through economies of scale and brand strengthening.
DayDayCook provides preliminary financial guidance for 2024 annual results
Preliminary 2024 Annual Financial Guidance
DDC anticipates achieving record revenue in its first full year as a NYSE:AM listed company. For calendar year 2024, DDC is expecting to generate gross revenue between
Regained NYSE Full Compliance
On 14 February 2025, DDC announced that it regained compliance with the New York Stock Exchange (“NYSE”) continued listing standards set forth in Part 10 of the NYSE American Company Guide. The Company has resolved the continued listing deficiency with respect to Section 1003(a)(i) referenced in a NYSE letter dated April 23, 2024.
ABOUT DAYDAYCOOK
DayDayCook is on a mission to share the joy of Asian cooking culture with the world, offering a suite of accessible and healthy ready-to-eat, ready-to-cook, and ready-to-heat products that cater to the global palate. DayDayCook has evolved from a culinary content authority to a multi-brand powerhouse, curating a broad range of products that champion authenticity, nutrition, and convenience. The company's growing portfolio includes DayDayCook, Nona Lim, Yai’s Thai, Omsom, MengWei, and Yujia Weng. Follow the Company on LinkedIn.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements, including, for example, statements about modifying the terms of and repaying loans with shareholders, NYSE and SEC compliance, estimated revenue, margins, cash and growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250219373144/en/
Investors:
Jeff Ervin
jeffervin@daydaycook.com
Source: DDC Enterprise, Ltd.
FAQ
What is DDC Enterprise's projected revenue for 2024?
What are DDC's expected gross margins for 2024?
How much cash and equivalents does DDC expect to have by end of 2024?
When did DDC regain NYSE listing compliance?
What was DDC's listing compliance issue with NYSE?
