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Laird Superfood, Inc. (NYSE American: LSF) is a notable player in the plant-based food industry, renowned for its innovative and functional products. Headquartered in Sisters, Oregon, and founded in 2015 by big-wave surf legend Laird Hamilton and former professional beach volleyball player Gabby Reece, the company aims to revolutionize healthy eating habits with its unique offerings.
Laird Superfood manufactures and markets a diverse range of plant-based and functional foods, including powdered and liquid coffee creamers, hydration and beverage-enhancing supplements, and performance mushroom supplements. Additionally, the product portfolio covers coffee, tea, hot chocolate products, and superfood blends, which are available through retail channels, the company's website, and third-party online platforms.
In its most recent development, Laird Superfood launched the Antioxidant Daily Reds, a powdered supplement designed to provide two servings of the daily recommended fruit and vegetable intake in each glass. This new product is packed with antioxidants from red and orange fruits and vegetables such as tart cherry, turmeric, strawberries, beets, and green tea extract. It supports muscle recovery and cardiovascular health while offering a convenient and tasty way to meet nutritional goals.
The company also recently introduced the Prebiotic Daily Greens, another powdered supplement aimed at nourishing the gut microbiome with superfood fruits and vegetables. Both products reflect Laird Superfood's commitment to delivering nutritious, functional, and delicious food options that fit seamlessly into daily routines.
Under the leadership of CEO Jason Vieth, Laird Superfood maintains a strong focus on innovation and consumer satisfaction. This approach has positioned the company as a leader in the functional food category, continuously expanding its product offerings to meet the evolving needs of health-conscious consumers.
Laird Superfood's mission is based on the belief that nourishing, plant-based foods can significantly enhance performance and well-being. By integrating adaptogens and other high-quality ingredients into their products, the company aims to help individuals fuel their bodies from sunrise to sunset.
For the latest updates and more information about Laird Superfood's products, visit Laird Superfood's website or follow them on social media platforms like Instagram and TikTok.
Laird Superfood has announced a comprehensive rebrand and new product launches at the Natural Products Expo West in Anaheim, California, from March 7-11, 2023. Highlights include the introduction of enhanced Instant Lattes featuring adaptogens and a revamped Prebiotic Daily Greens formula with 22 superfoods. The company aims to improve consumer experience with clearer product labeling and new single-serve formats. CEO Jason Vieth emphasized the mission to provide functional, plant-based foods that meet increasing consumer demands. Laird Superfood maintains high standards of quality, using only real ingredients without artificial additives.
Laird Superfood (NYSE American: LSF) reported its Q3 2022 financial results, showing net sales of $8.8 million, a decrease from $10.9 million year-over-year. Gross margin improved by 520 basis points sequentially to 23.4%, but was down 600 basis points compared to Q3 2021 largely due to inflation and lower volumes. The company reported a net loss of $5.7 million, or $0.63 per diluted share. Despite challenges, Laird reaffirmed its full-year guidance, expecting net sales between $36 million to $38 million and gross margin of approximately 20%. Cash reserves stand at $21 million with no debt.
Laird Superfood, Inc. (NYSE American: LSF) is set to report its third-quarter financial results for the period ending September 30, 2022, on November 10, 2022, after market close. A webcast discussion will follow at 5:00 p.m. ET. The company, co-founded by surfer Laird Hamilton in 2015, specializes in plant-based superfood products aimed at enhancing daily consumer rituals and promoting a natural lifestyle.
Laird Superfood (NYSE American: LSF) has announced a transition to outsourcing manufacturing of its powdered creamers and hydration products via a co-packer agreement. The company will cease its operations in
Laird Superfood, Inc. (NYSE American: LSF) confirmed receipt of an unsolicited acquisition offer from EF Hutton SPV I LLC for $3.00 per share in cash. The Board of Directors will review the proposal to determine the best course of action for shareholders. No action is required from shareholders at this time, and Laird Superfood will refrain from further public comments unless deemed necessary. The company offers plant-based superfood products aimed at enhancing daily rituals.
Laird Superfood (LSF) reported a net loss of $4.9 million for Q2 2022, an improvement from $6.3 million a year ago. Net sales totaled $8.7 million, down 6% year-over-year. Online sales contributed 60% of total sales but fell by 11%, while wholesale sales rose by 4%. The gross profit was $1.6 million, leading to a gross margin of 18.2%, a decline from 23.8% in the previous year. However, net cash used in operating activities improved by 33%. The company expects full-year sales between $36 million and $38 million while facing economic uncertainties.
Laird Superfood, Inc. (NYSE American: LSF) announced that CEO Jason Vieth will participate in the Canaccord Genuity 42nd Annual Growth Conference from August 8-11, 2022, in Boston, MA. Vieth is scheduled for a fireside chat at 8:30 a.m. Eastern Time on August 11. Investors can access a live webcast of the presentation on the Laird Superfood Investor Relations website, with a replay available for 30 days. Laird Superfood specializes in plant-based superfood products, co-founded by renowned surfer Laird Hamilton in 2015.
Laird Superfood, Inc. (NYSE American: LSF) will announce its financial results for Q2 ended June 30, 2022, on August 10, 2022, after market close. A management webcast will follow at 5:00 p.m. ET to discuss these results. The company, co-founded by big-wave surfer Laird Hamilton, specializes in creating plant-based superfood products designed to enhance daily health and wellness. With environmentally responsible practices and real ingredients, Laird Superfood aims to fuel consumers naturally throughout the day.
Laird Superfood has appointed Anya Hamill as the Interim Chief Financial Officer effective July 1, 2022, following the resignation of Valerie Ells. Hamill brings over 20 years of experience in finance and strategy within the CPG food and beverage sector, having previously served as CFO of Little Secrets Chocolates. CEO Jason Vieth expressed confidence in Hamill's ability to drive the company's growth. Laird Superfood specializes in plant-based products, co-founded by professional surfer Laird Hamilton in 2015.
Laird Superfood reported a 26% increase in net sales for Q1 2022, totaling $9.3 million. Online sales contributed 58%, with a 35% growth in direct-to-consumer. Wholesale sales grew by 31%. However, the gross profit was $1.9 million, reflecting a decrease in gross margin to 20.9% from 24.8%. The company faced a significant net loss of $14.1 million, or $1.55 per diluted share, largely due to non-cash charges. Despite operational challenges, the outlook remains cautiously optimistic with a forecast of $41 million to $44 million in net sales for the year.
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