Mama’s Creations Reports Second Quarter Fiscal 2025 Financial Results
Mama's Creations (NASDAQ: MAMA) reported Q2 fiscal 2025 results with revenues increasing 14% to $28.4 million. Despite revenue growth, the company faced challenges with net income decreasing 34% to $1.1 million and EPS dropping 40% to $0.03. Gross profit declined 8% to $6.9 million, while operating expenses remained relatively flat at $5.3 million.
Key highlights include appointing Skip Tappan as COO, securing a Costco National Buy, and gaining initial placement in 2,000 Walmart stores. The company faced commodity price pressures and construction-related disruptions but expects margins to improve with completed CapEx projects. Mama's Creations maintains a focus on cost control, operational efficiency, and expanding its product presence in major retailers.
Le Creazioni di Mama (NASDAQ: MAMA) ha riportato i risultati del secondo trimestre dell'esercizio 2025 con ricavi in aumento del 14% a 28,4 milioni di dollari. Nonostante la crescita dei ricavi, l'azienda ha affrontato sfide con un utile netto in diminuzione del 34% a 1,1 milioni di dollari e l'utile per azione (EPS) sceso del 40% a 0,03 dollari. Il profitto lordo è diminuito dell'8% a 6,9 milioni di dollari, mentre le spese operative sono rimaste sostanzialmente stabili a 5,3 milioni di dollari.
I punti salienti includono la nomina di Skip Tappan come COO, l'aggiudicazione di un acquisto nazionale da parte di Costco e l'ottenimento di una collocazione iniziale in 2000 negozi Walmart. L'azienda ha affrontato pressioni sui prezzi delle materie prime e interruzioni legate alla costruzione, ma si aspetta che i margini migliorino con il completamento dei progetti di spesa in conto capitale. Le Creazioni di Mama rimangono concentrate sul controllo dei costi, sull'efficienza operativa e sull'espansione della propria presenza nei principali rivenditori.
Creaciones de Mama (NASDAQ: MAMA) informó sobre los resultados del segundo trimestre del ejercicio 2025 con ingresos que aumentaron un 14% a 28,4 millones de dólares. A pesar del crecimiento de los ingresos, la compañía enfrentó desafíos con un ingreso neto que disminuyó un 34% a 1,1 millones de dólares y un beneficio por acción (EPS) que cayó un 40% a 0,03 dólares. La utilidad bruta disminuyó un 8% a 6,9 millones de dólares, mientras que los gastos operativos se mantuvieron relativamente estables en 5,3 millones de dólares.
Los aspectos más destacados incluyen el nombramiento de Skip Tappan como COO, la obtención de una compra nacional por parte de Costco y la colocación inicial en 2000 tiendas Walmart. La compañía enfrentó presiones de precios en las materias primas y interrupciones relacionadas con la construcción, pero espera que los márgenes mejoren con la finalización de los proyectos de CapEx. Creaciones de Mama se enfoca en el control de costos, la eficiencia operativa y la expansión de su presencia de productos en los principales minoristas.
마마스 크리에이션스 (NASDAQ: MAMA)는 2025 회계연도 2분기 실적을 발표하며 매출이 14% 증가한 2840만 달러를 기록했습니다. 매출 성장에도 불구하고, 회사는 순이익이 34% 감소하여 110만 달러에 이르고, 주당순이익(EPS)이 40% 감소하여 0.03달러가 되는 등 어려움에 직면했습니다. 총 이익은 8% 감소한 690만 달러였으며, 운영 비용은 530만 달러로 상대적으로 평준화되었습니다.
주요 하이라이트로는 Skip Tappan을 COO로 임명하고, Costco의 전국구 구매를 확보했으며, 2000개의 Walmart 매장에서 초기 배치를 확보한 점이 있습니다. 회사는 원자재 가격 압박과 건설 관련 차질에 직면했으나, 완료된 자본 지출 프로젝트와 함께 마진이 개선될 것으로 기대하고 있습니다. 마마스 크리에이션스는 비용 통제, 운영 효율성, 대형 소매업체 내 제품 존재 확대에 주력하고 있습니다.
Les Créations de Mama (NASDAQ: MAMA) a annoncé ses résultats pour le deuxième trimestre de l'exercice 2025, avec des revenus en hausse de 14 % atteignant 28,4 millions de dollars. Malgré cette croissance des revenus, l'entreprise a rencontré des difficultés avec un bénéfice net en baisse de 34 % à 1,1 million de dollars et un bénéfice par action (EPS) en baisse de 40 % à 0,03 dollar. Le bénéfice brut a diminué de 8 % pour atteindre 6,9 millions de dollars, tandis que les dépenses d'exploitation sont restées relativement stables à 5,3 millions de dollars.
Les faits saillants incluent la nomination de Skip Tappan au poste de COO, l'obtention d'un achat national par Costco, et la mise en place initiale dans 2000 magasins Walmart. L'entreprise a subi des pressions sur les prix des matières premières et des disruptions liées à la construction, mais elle s'attend à ce que les marges s'améliorent avec l'achèvement des projets d'investissement. Les Créations de Mama restent axées sur le contrôle des coûts, l'efficacité opérationnelle et l'expansion de leur présence dans les grands détaillants.
Mamas Kreationen (NASDAQ: MAMA) berichtete über die Ergebnisse des zweiten Quartals des Geschäftsjahres 2025, wobei die Einnahmen um 14% auf 28,4 Millionen Dollar stiegen. Trotz des Umsatzwachstums sah sich das Unternehmen Herausforderungen gegenüber, da der Nettogewinn um 34% auf 1,1 Millionen Dollar sank und das EPS um 40% auf 0,03 Dollar fiel. Der Bruttogewinn ging um 8% auf 6,9 Millionen Dollar zurück, während die Betriebskosten mit 5,3 Millionen Dollar weitgehend stabil blieben.
Zu den wichtigsten Punkten gehört die Ernennung von Skip Tappan zum COO, die Sicherung eines nationalen Einkaufs von Costco und die erste Platzierung in 2000 Walmart-Filialen. Das Unternehmen sah sich Preisdruck bei Rohstoffen und durch Bauprojekte verursachte Störungen gegenüber, erwartet jedoch eine Verbesserung der Margen mit den abgeschlossenen Investitionsprojekten. Mamas Kreationen konzentriert sich auf Kostenkontrolle, betriebliche Effizienz und die Erweiterung der Produktpräsenz in großen Einzelhandelsunternehmen.
- Revenue increased 14% to $28.4 million in Q2 fiscal 2025
- Secured initial placement of two SKUs in about 2,000 Walmart stores nationally
- Received first Costco National Buy for 3lb Meatball sleeve offering in six regions
- Appointed experienced supply chain leader Skip Tappan as Chief Operating Officer
- Completed strategic CapEx projects expected to double chicken processing capacity
- Added to Russell 2000® and Russell 3000® Indexes
- Net income decreased 34% to $1.1 million in Q2 fiscal 2025
- Earnings per share (diluted) dropped 40% to $0.03
- Gross profit declined 8% to $6.9 million
- Gross margin decreased from 30.3% to 24.2% due to commodity cost increases and construction disruptions
- Adjusted EBITDA decreased 9% to $2.7 million
- Cash and cash equivalents reduced from $11.0 million to $7.4 million
Insights
Mama's Creations' Q2 FY2025 results present a mixed picture. While revenue grew 14% to
Despite these challenges, the company's strategic investments and new customer wins are promising. The initial 2,000 store placement in Walmart and the Costco National Buy could significantly boost future revenues. The completion of CapEx projects, particularly the doubling of chicken capacity, should improve margins going forward.
Investors should monitor the company's ability to pass on increased costs to customers and the success of its expansion into new retail channels. The strong cash position of
Mama's Creations is capitalizing on key market trends in the deli prepared foods sector. The company's focus on product innovation, such as Breakfast Wraps and Gourmet Paninis, aligns with consumer demand for convenient, high-quality meal options. Their success in securing placements in major retailers like Walmart and Costco indicates strong market acceptance.
The company's strategy of participating in industry trade shows is proving effective for new customer acquisition and product launches. This approach, combined with their '4 Cs' strategy (Cost, Controls, Culture, Catapult), positions them well in a competitive market.
However, the impact of rising commodity prices, particularly in chicken, is a concern. The company's ability to navigate these challenges through pricing actions and efficiency improvements will be crucial. The planned increase in trade promotion spending from low single digits to
Second Quarter Revenues Increase
Company Continues Cadence of New Sales Wins, Including an Initial 2,000 Store Placement in Wal-Mart and a Costco National Buy in the Second Half of 2024
EAST RUTHERFORD, NJ, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Mama’s Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh Deli prepared foods, has reported its financial results for the second quarter ended July 31, 2024.
Financial Summary:
| Three Months Ended July 31, | |||||||
| $ in millions | 2024 | 2023 | % Increase | ||||
| Revenues | $ | 28.4 | $ | 24.8 | 14 | % | |
| Gross Profit | $ | 6.9 | $ | 7.5 | (8 | %) | |
| Operating Expenses | $ | 5.3 | $ | 5.2 | 1 | % | |
| Net Income | $ | 1.1 | $ | 1.7 | (34 | %) | |
| Earnings per Share (Diluted) | $ | 0.03 | $ | 0.05 | (40 | %) | |
| Adj. EBITDA (non-GAAP) | $ | 2.7 | $ | 3.0 | (9 | %) | |
Key Second Quarter Fiscal 2025 & Subsequent Operational Highlights:
- Appointed end-to-end supply chain leader Moore (Skip) Tappan to the role of Chief Operating Officer.
- Participated and exhibited at leading industry trade shows including the National Restaurant Association Show 2024, International Dairy Deli Bakery Association (IDDBA) 2024 Show, National Association of College & University Food Services (NACUFS) 2024 National Showcase, 2024 UNFI Fresh Specialty Show, and 2024 UNFI Holiday & Winter Show.
- Introduced multiple incremental products and flavors at IDDBA 2024, including Breakfast Wraps, Grilled Chicken Breast in Vacuum Packs, Meatball Entertaining Sleeves and Gourmet Paninis, each of which have already been sold into customers.
- Invited to present at leading investor conferences nationally, including the Planet MicroCap Showcase, Craig Hallum Midwest Institutional Investor Conference, and BMO Global Farm to Market Conference.
- The Company’s common stock was added to the Russell 2000® and Russell 3000® Indexes.
- Cash and cash equivalents as of July 31, 2024 were
$7.4 million , as compared to$11.0 million as of January 31, 2024. The change in cash and cash equivalents was primarily driven by$3.5 million in capital investments and$2.0 million of debt paydown during the quarter.
Management Commentary
“The second fiscal quarter delivered
“Commodity prices increased as of late to historic highs, particularly in chicken, and we believe our proactive efforts to partner with our customers to help offset some of these commodity pressures, combined with improvements in labor and procurement efficiencies, will support a return to the high-end of our historical margin profile. We have also focused on implementing automation and operational efficiency improvements across the organization. We have accelerated CapEx investments to improve our value chain, which are now allowing us to avoid third-party upcharges and reduce labor costs. Recent CapEx investments to improve chicken processing capabilities and related disruptions from construction efforts impacted margins during the quarter, but are expected to more than double our chicken capacity. With construction having been largely completed in September, we now expect margins and chicken throughput to improve materially, enabling our team to sell with confidence and fulfill pent-up demand.
“We recently appointed end-to-end supply chain leader Skip Tappan as our Chief Operating Officer, bringing over 30 years of experience as a senior supply chain executive with significant end-to-end supply chain mastery from time with Gordon Food Service, Walmart, Campbell Soup and Procter & Gamble. Skip has strong strategic and tactical business planning skills and proven ability to deliver significant improvements in broad based operating results, and will be focusing on supply chain optimization, business planning, cash flow and cost optimization, asset utilization and organizational capability.
“In April we were selected by Costco to participate in a ‘Costco Roadshow’ in the Northeast Region, allowing members to sample our products as part of an evaluation for a more permanent placement in Costco clubs both in the region as well as nationally. The roadshow was a success, and our sauce is now confirmed for a full rotation in the Costco Northeast Region this year. We also received our first ever Costco National Buy in which our famous 3lb Meatball sleeve offering will be available in six regions, two of which are new expansions for us, Texas and the Southeast. Costco’s high-volume warehouses are ideal venues for our products, while our strict focus on margins ensures each sale meets our requirements, regardless of customer type.
“Throughout the spring and summer, we continued to enhance our industry presence at high-ROI industry conferences to put our products in front of buyers. These successful events have not only secured new customers but sold new items into existing customers. Our continued marketing investments in trade shows such as these have driven exciting new interest – for example helping us to secure placement of two SKUs in about 2,000 Walmart stores nationally – securing initial penetration into large national retailers where we previously lacked a presence. We expect the same success we have seen recently with our chicken launches in Albertsons and QVC to be replicated at Wal-Mart. Much like Publix, BJs and others, once we get our foot in the door, we often see new items seem to always be requested.
“Looking ahead, with the major construction pressures mostly behind us and seasonal commodity pricing headwinds expected to reverse from recent commodity highs, we believe we are positioned for a return to a steady cadence of margin enhancement back toward historical highs. We believe our CapEx investments, including a doubling of chicken capacity, will enable us to invest surplus gross margin, beyond our goal in the high
Second Quarter Fiscal 2025 Financial Results
Revenue for the second quarter of fiscal 2025 increased
Gross profit totaled
Operating expenses were relatively flat in the aggregate at
Net income for the second quarter of fiscal 2025 totaled
Adjusted EBITDA, a non-GAAP measure, totaled
Cash and cash equivalents as of July 31, 2024 totaled
Conference Call
Management will host an investor conference call at 4:30 p.m. Eastern time today, Tuesday, September 10, 2024, to discuss the Company’s second quarter fiscal 2025 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:
Q2 FY2025 Earnings Conference Call
Date: Tuesday, September 10, 2024
Time: 4:30 p.m. Eastern time
U.S. Dial-in: 1-877-451-6152
International Dial-in: 1-201-389-0879
Conference ID: 13748306
Webcast: MAMA Q2 FY2025 Earnings Conference Call
Please join at least five minutes before the start of the call to ensure timely participation.
A playback of the call will be available through Thursday, October 10, 2024. To listen, please call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 13748306. A webcast replay will also be available using the webcast link above.
About Mama’s Creations, Inc.
Mama’s Creations, Inc. (Nasdaq: MAMA) is a leading marketer and manufacturer of fresh deli prepared foods, found in over 8,000 grocery, mass, club and convenience stores nationally. The Company’s broad product portfolio, born from MamaMancini’s rich history in Italian foods, now consists of a variety of high quality, fresh, clean and easy to prepare foods to address the needs of both our consumers and retailers. Our vision is to become a one-stop-shop deli solutions platform, leveraging vertical integration and a diverse family of brands to offer a wide array of prepared foods to meet the changing demands of the modern consumer. For more information, please visit https://mamascreations.com.
Use of Non-GAAP Financial Measures
This press release includes the following non-GAAP measure – Adjusted EBITDA, which is not a measure of financial performance under GAAP and should not be considered as an alternative to net income as a measure of financial performance. Adjusted EBITDA represents net income (loss) before interest, taxes, depreciation and amortization adjusted for stock-based compensation and one-time costs associated with a legal settlement. The company believes this non-GAAP measure, when considered together with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to the company’s results of operations. However, this non-GAAP measure has significant limitations in that it does not reflect all the costs and other items associated with the operation of the company’s business as determined in accordance with GAAP. In addition, the company’s non-GAAP measures may be calculated differently and are therefore not comparable to similar measures by other companies. Therefore, investors should consider non-GAAP measures in addition to, and not as a substitute for, or superior to, measures of financial performance in accordance with GAAP. A reconciliation of Adjusted EBITDA to net income, its corresponding GAAP measure, is shown below.
US-GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION
(Unaudited)
(in thousands)
| THREE MONTHS ENDED | |||||
| 31-Jul-24 | |||||
| 2024 | 2023 | ||||
| Net Income (Loss) | $ | 1,148 | $ | 1,742 | |
| Depreciation | 314 | 263 | |||
| Amortization | 528 | 315 | |||
| Taxes | 401 | 430 | |||
| Interest, net | 59 | 182 | |||
| Share Based Compensation | 205 | 105 | |||
| Adjusted EBITDA (Non-GAAP) | $ | 2,746 | $ | 3,016 | |
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include information about management’s view of the Company’s future expectations, plans and prospects, including future business opportunities or strategies and are generally preceded by words such as “may,” “believe,” “future,” “plan” or “planned,” “will” or “should,” “expect,” “anticipates,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of known and unknown risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors , including the impacts of public health emergencies, such as the COVID-19 pandemic, on our business, financial condition and results of operations, and our inability to mitigate such impacts; the adequacy of our liquidity to pursue our business objectives; reliance on a limited number of customers; loss or retirement of key executives, including prior to identifying a successor; adverse economic conditions or intense competition; pricing pressures in the market and lack of control over the pricing of raw materials and freight; entry of new competitors and products; adverse federal, state and local government regulation (including, but not limited to, the Food and Drug Administration); liability related to the consumption of our products ability to secure placement of our products in key retail locations; wage and price inflation; maintenance of quality control; and issues related to the enforcement of our intellectual property rights, and other risks identified in the Company’s 10-K for the fiscal year ended January 31, 2024 and other filings made by the Company with the Securities and Exchange Commission.
Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group – MZ North America
(949) 259-4987
MAMA@mzgroup.us
www.mzgroup.us
Mama’s Creations, Inc.
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| July 31, 2024 | January 31, 2024 | |||||||
| (Unaudited) | ||||||||
| Assets: | ||||||||
| Current Assets: | ||||||||
| Cash and cash equivalents | $ | 7,368 | $ | 11,022 | ||||
| Accounts receivable, net | 8,126 | 7,859 | ||||||
| Inventories, net | 2,848 | 3,310 | ||||||
| Prepaid expenses and other current assets | 1,364 | 1,375 | ||||||
| Total current assets | 19,706 | 23,566 | ||||||
| Property, plant, and equipment, net | 7,272 | 4,436 | ||||||
| Intangible assets, net | 4,211 | 4,979 | ||||||
| Goodwill | 8,633 | 8,633 | ||||||
| Operating lease right of use assets, net | 2,643 | 2,889 | ||||||
| Deferred tax asset | 390 | 503 | ||||||
| Deposits | 95 | 95 | ||||||
| Total Assets | $ | 42,950 | $ | 45,101 | ||||
| Liabilities and Stockholders’ Equity: | ||||||||
| Liabilities: | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable and accrued expenses | $ | 9,793 | $ | 12,425 | ||||
| Term loan, net of unamortized debt discount of | 1,524 | 1,514 | ||||||
| Operating lease liabilities | 428 | 434 | ||||||
| Finance leases payable | 358 | 367 | ||||||
| Promissory notes – related parties | 2,250 | 1,950 | ||||||
| Total current liabilities | 14,353 | 16,690 | ||||||
| Line of credit | — | — | ||||||
| Operating lease liabilities – net of current | 2,278 | 2,515 | ||||||
| Finance leases payable – net of current | 1,044 | 1,062 | ||||||
| Promissory note – related party, net of current | 750 | 2,250 | ||||||
| Term loan – net of current | 2,228 | 3,003 | ||||||
| Total long-term liabilities | 6,300 | 8,830 | ||||||
| Total Liabilities | 20,653 | 25,520 | ||||||
| Commitments and contingencies (Notes 9 and 10) | ||||||||
| Stockholders’ Equity: | ||||||||
| Series A Preferred stock, | - | - | ||||||
| Series B Preferred stock, | - | - | ||||||
| Preferred stock, | - | - | ||||||
| Common stock, | - | - | ||||||
| Additional paid in capital | 24,293 | 23,278 | ||||||
| Accumulated deficit | (1,846 | ) | (3,547 | ) | ||||
| Less: Treasury stock, 230,000 shares at cost | (150 | ) | (150 | ) | ||||
| Total Stockholders’ Equity | 22,297 | 19,581 | ||||||
| Total Liabilities and Stockholders’ Equity | $ | 42,950 | $ | 45,101 | ||||
Mama’s Creations, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(in thousands, except per share data)
| For the Three Months Ended July 31, | For the Six Months Ended July 31, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Net sales | $ | 28,382 | $ | 24,790 | $ | 58,220 | $ | 47,911 | ||||||||
| Costs of sales | 21,503 | 17,284 | 43,878 | 34,034 | ||||||||||||
| Gross profit | 6,879 | 7,506 | 14,342 | 13,877 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 93 | 95 | 197 | 166 | ||||||||||||
| Selling, general and administrative expenses | 5,174 | 5,136 | 11,760 | 9,493 | ||||||||||||
| Total operating expenses | 5,267 | 5,231 | 11,957 | 9,659 | ||||||||||||
| Income from operations | 1,612 | 2,275 | 2,385 | 4,218 | ||||||||||||
| Other income (expenses) | ||||||||||||||||
| Interest expense | (122 | ) | (182 | ) | (249 | ) | (359 | ) | ||||||||
| Interest income | 63 | — | 155 | — | ||||||||||||
| Amortization of debt discount | (4 | ) | (6 | ) | (10 | ) | (11 | ) | ||||||||
| Other income | — | 7 | — | 27 | ||||||||||||
| Total other expenses | (63 | ) | (181 | ) | (104 | ) | (343 | ) | ||||||||
| Net income before income tax provision and income from equity method investment | 1,549 | 2,094 | 2,281 | 3,875 | ||||||||||||
| Income from equity method investment | — | 78 | — | 223 | ||||||||||||
| Income tax expense | (401 | ) | (430 | ) | (580 | ) | (954 | ) | ||||||||
| Net income | 1,148 | 1,742 | 1,701 | 3,144 | ||||||||||||
| Less: series B preferred dividends | — | (21 | ) | — | (49 | ) | ||||||||||
| Net Income available to common stockholders | 1,148 | 1,721 | 1,701 | 3,095 | ||||||||||||
| Net income per common share | ||||||||||||||||
| – basic | $ | 0.03 | $ | 0.05 | $ | 0.05 | $ | 0.09 | ||||||||
| – diluted | $ | 0.03 | $ | 0.05 | $ | 0.04 | $ | 0.08 | ||||||||
| Weighted average common shares outstanding | ||||||||||||||||
| – basic | 37,336 | 36,855 | 37,298 | 36,628 | ||||||||||||
| – diluted | 39,604 | 37,490 | 39,535 | 37,195 | ||||||||||||
Mama’s Creations, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(in thousands)
| For the Six Months Ended July 31, | ||||||||
| 2024 | 2023 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net income | $ | 1,701 | $ | 3,144 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation | 606 | 512 | ||||||
| Amortization of debt discount | 10 | 11 | ||||||
| Amortization of right of use assets | 270 | 112 | ||||||
| Amortization of intangibles | 768 | 304 | ||||||
| Stock-based compensation | 521 | 110 | ||||||
| Allowance for obsolete inventory | - | 93 | ||||||
| Change in deferred tax asset | 113 | 649 | ||||||
| Income from equity method investment | - | (223 | ) | |||||
| Changes in operating assets and liabilities: | ||||||||
| Allowance for doubtful accounts | - | 140 | ||||||
| Accounts receivable | (267 | ) | 1,127 | |||||
| Inventories | 462 | 234 | ||||||
| Prepaid expenses and other current assets | (522 | ) | 347 | |||||
| Security deposits | - | (18 | ) | |||||
| Accounts payable and accrued expenses | (2,161 | ) | (3,049 | ) | ||||
| Operating lease liability | (267 | ) | (135 | ) | ||||
| Net Cash Provided by Operating Activities | 1,234 | 3,358 | ||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Cash paid for fixed assets | (2,740 | ) | (253 | ) | ||||
| Cash paid for investment in Chef Inspirational Foods, LLC, net | - | (646 | ) | |||||
| Net Cash (Used in) Investing Activities | (2,740 | ) | (899 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Repayment of term loan | (776 | ) | (776 | ) | ||||
| Repayment of line of credit, net | - | (390 | ) | |||||
| Repayment of related party note | (1,200 | ) | - | |||||
| Repayment of finance lease obligations | (196 | ) | (93 | ) | ||||
| Payment of Series B Preferred dividends | - | (49 | ) | |||||
| Proceeds from exercise of stock options | 44 | 28 | ||||||
| Net Cash (Used in) Financing Activities | (2,128 | ) | (1,280 | ) | ||||
| Net (Decrease) Increase in Cash | (3,634 | ) | 1,179 | |||||
| Cash and cash equivalents at beginning of period | 11,022 | 4,378 | ||||||
| Cash and cash equivalents at end of period | $ | 7,388 | $ | 5,557 | ||||
| SUPPLEMENTARY CASH FLOW INFORMATION: | ||||||||
| Cash Paid During the Period for: | ||||||||
| Income taxes | $ | 871 | $ | 113 | ||||
| Interest | $ | 223 | $ | 313 | ||||
| SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||||
| Conversion of series B preferred stock to common stock | $ | - | $ | - | ||||
| Finance lease asset additions | $ | 169 | $ | 903 | ||||
| Right of use asset recognized | $ | 873 | $ | - | ||||
| Write-off of right of use asset | $ | 897 | $ | - | ||||
| Related party debt incurred for purchase of Chef Inspirational Foods, LLC | $ | - | $ | 2,700 | ||||
| Settlement of liability in common stock | $ | - | $ | 50 | ||||
| Issuance of stock for director settlement | $ | 450 | $ | - | ||||
| Receipt of fixed assets for deposits which were previously placed | $ | 533 | $ | - | ||||
FAQ
What was Mama's Creations (MAMA) revenue growth in Q2 fiscal 2025?
How did Mama's Creations (MAMA) net income change in Q2 fiscal 2025?
What new retail placements did Mama's Creations (MAMA) secure in Q2 fiscal 2025?
Who was appointed as the new Chief Operating Officer of Mama's Creations (MAMA)?
What factors affected Mama's Creations (MAMA) gross margin in Q2 fiscal 2025?
