MamaMancini's Holdings, Inc. - MMMB STOCK NEWS

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) reported Q4 2022 revenues of $13.9 million, a 38.5% increase from $10.0 million in the previous year. Fiscal 2022 revenues rose 15.4% to $47.1 million. However, gross profit fell by 26.8% to $2.4 million due to rising costs, while operating expenses surged by 57.1% to $3.8 million. The company incurred a net loss of $1.3 million in Q4 compared to a $1.7 million profit last year. Notably, the acquisition of T&L Creative Salads and Olive Branch is projected to contribute $35 million in sales for 2022.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) will release its fourth quarter and fiscal year financial results for the period ending January 31, 2022, on May 31, 2022, before market open. An investor conference call is scheduled for 8:30 a.m. ET on the same day to discuss financial results and provide a corporate update. MamaMancini's specializes in pre-prepared, all-natural foods, and has products sold in over 45,000 locations nationwide, including major retailers like Costco and Whole Foods. For more information, visit www.mamamancinis.com.

MamaMancini's Holdings (NASDAQ: MMMB) has received a notice from Nasdaq for failing to file its Annual Report on Form 10-K for the fiscal year ended January 31, 2022. This non-compliance with Nasdaq Listing Rule 5250(c)(1) does not affect the current trading of its stock. The company had previously submitted a Notification of Late Filing on May 18, 2022, and is currently working on completing the 10-K. The delay arises from transitioning to new accounting software and integrating acquisitions. A compliance plan must be submitted by July 19, 2022.

MamaMancini's Holdings (NASDAQ: MMMB), a leader in specialty pre-prepared all-natural foods, is set to participate in the Proactive Investors ONE2ONE Virtual Investor Forum on April 26, 2022, at 2:30 p.m. Eastern. CEO Carl Wolf will present, focusing on the company's diverse product offerings, including meatballs, sausages, and more, available in over 45,000 locations nationwide. The event will be accessible via a live audio webcast, and an archive will be available for later viewing. For more details, visit mamamancinis.com.

MamaMancini's Holdings (NASDAQ: MMMB) announced its participation in two key investor conferences: Planet MicroCap Showcase 2022 in Las Vegas on May 4 and LD Micro Invitational XII in California on June 7. CEO Carl Wolf will engage in one-on-one meetings and deliver presentations at both events. The live audio webcasts of each presentation will be available online. MamaMancini's specializes in all-natural foods and distributes products through over 45,000 locations nationwide.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) announced a successful launch of its Original Meatballs in a Cup™, which sold out during its initial QVC® airing in March 2022, fueled by over 500,000 views on social media during its promotional campaign. The product, designed as a convenient heat-and-eat meal, has garnered positive consumer response, achieving 5-star ratings on QVC®. Backorders will be fulfilled following additional presentations on QVC® on April 13, 2022. MamaMancini's expects to target over 100,000 convenience store locations, hoping to establish this product as a core offering.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) announced new customer authorizations for tier-1 nationwide retailers, with shipments set to begin in late April 2022. The authorizations include product expansions at BJ's Club Stores, Albertsons Safeway divisions, Stew Leonard Stores, and Aldi. The company expects a significant increase in sales for the first quarter ending April 30, 2022, compared to the previous year. This expansion reflects MamaMancini's commitment to enhancing its distribution network in the specialty pre-prepared food market.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) announced significant retail expansion, including product placements in 600 Sam's Clubs and new authorizations at 1,000 Albertsons and Safeway locations starting in April. Additionally, the company is testing a Panini Sandwich in 200 Sam’s Club Kitchen locations and expanding distribution to 1,000 ALDI Markets. CEO Carl Wolf indicated optimism for robust sales growth and normalizing margins in 2022 despite record-high protein costs. The company also secured new product placements with a European airline.