Welcome to our dedicated page for Stryve Foods news (Ticker: SNAX), a resource for investors and traders seeking the latest updates and insights on Stryve Foods stock.
Stryve Foods Inc (NASDAQ: SNAX) specializes in premium air-dried meat snacks and nutritious pet treats, combining health-focused innovation with strategic retail partnerships. This news hub provides investors and industry observers with essential updates about the company's financial performance, product developments, and market expansion strategies.
Access timely updates on earnings reports, manufacturing innovations, and distribution network growth. Our curated collection features official press releases regarding new retail partnerships, product line expansions, and operational milestones. Users will find detailed coverage of strategic initiatives that reinforce Stryve's position in the better-for-you snack category.
Key content categories include quarterly financial results, updates on core brands like Stryve® and Kalahari®, retail channel expansions, and nutritional advancements in both human snacks and pet treats. The resource is particularly valuable for tracking the company's progress in major wholesale channels and e-commerce platforms.
Bookmark this page for streamlined access to verified information about Stryve Foods' business trajectory. Check back regularly for updates on product innovations in high-protein snack solutions and strategic moves within the competitive consumer packaged goods landscape.
Stryve Foods (OTC: SNAX) has released preliminary unaudited financial results for FY 2024, showing net sales of $21.0 million, an 18.5% increase from the previous year. The company's operating loss improved by 31.2% to $10.6 million, while adjusted EBITDA loss improved 32.4% to $8.0 million.
Q4 2024 performance showed strong growth with net sales of $4.5 million, up 57.5% year-over-year. The company's working capital deficit increased to $15.0 million by year-end 2024, with approximately $16.4 million in debt.
In early 2025, Stryve completed two significant balance sheet transactions: reducing current liabilities by $8.7 million through a preferred equity deal and eliminating over $10.2 million in future lease payments by exiting a distribution facility lease. The company has filed Form 12b-25 to extend its FY 2024 annual report filing deadline due to working capital constraints.
Stryve Foods (OTC: SNAX) has announced the launch of four new high-protein meat snacks to meet growing consumer demand. The expansion includes three new products under the Stryve brand: Original Brisket Slices, Grass-Fed Original, and Grass-Fed Hickory flavors. Additionally, the company is introducing Vacadillos Carne Asada to extend its bold flavor lineup.
The new products feature clean ingredients and are designed for on-the-go consumption, targeting health-conscious consumers seeking protein-rich snack options. The grass-fed beef offerings align with increasing consumer preference for sustainable, minimally processed protein sources. The products will be showcased at the Natural Products Expo West tradeshow in Anaheim on March 5th, 2025, and will be available to major retailers nationwide, with direct-to-consumer online availability later in March.
Stryve Foods (OTC: SNAX) has announced significant retail distribution expansion for its air-dried meat snacks. The company has secured new partnerships with major retailers including Kroger, Key Foods, Save Mart, Yesway and Allsup's, HomeGoods, Energy North, and GreenChef. Additionally, Stryve has expanded its existing distribution in Hy-Vee, Cub Foods, New Seasons Market, Timewise, Family Express, and Hot Spot.
The expansion reflects growing demand for high-protein, clean-label snacks across grocery, convenience, and specialty retail channels. CEO Chris Boever emphasized the company's commitment to providing healthier snacking options, while Chief Customer Officer Katie Brenner highlighted the expansion as evidence of the brand's strength and nationwide growth strategy.
Stryve Foods (OTC: SNAX) has completed a major network optimization initiative, transitioning fulfillment operations to redistribution partners including Dot Foods. The company has successfully exited its final distribution center lease, a move expected to generate over $1 million in annual savings and enhance operational efficiencies.
The strategic transition delivers multiple benefits including elimination of over $10 million in future lease obligations and improved service levels for retail partners. The initiative follows recent strategic moves, including the retirement of $8.7 million in debt and expanded retail distribution. The lease termination becomes effective February 15, 2025, with savings expected to reflect in Q1 2025 results.
Stryve Foods (NASDAQ: SNAX) has completed a significant balance sheet transformation by issuing 877,878 shares of Series A-1 Convertible Preferred Stock, valued at $10.71 per share, totaling $9.4 million. This transaction, closed on January 30th, 2025, retires $8.7 million of maturing liabilities.
Notable insider participation includes approximately $3.0 million in preferred stock purchases, with CEO Chris Boever contributing $2.7 million. The preferred stock features include: conversion into Class A common stock at $0.7599 per share after six months, 12% annual dividends payable in cash or additional preferred stock, and voting rights on a one-to-one basis with Class A common stock (subject to 19.99% cap).
The Company maintains a call option after two years and can force conversion if it raises $6.0 million from common stock sales within nine months at or above $0.7599 per share.
Stryve Foods (NASDAQ: SNAX) reported strong Q3 2024 results with net sales of $5.7 million, up 36.4% year-over-year. The company achieved significant improvements in gross profit, which more than doubled to $1.2 million with a margin of 21.7%. The company secured new distribution deals with major retailers including BJ's Wholesale, Wawa, and Circle K. To support growing demand, Stryve raised $2.9 million through a public offering and established a strategic partnership with Dot Foods. Operating loss narrowed to $2.3 million from $3.6 million in Q3 2023, while net loss improved to $3.1 million ($0.95 per share) from $4.8 million ($2.14 per share) year-over-year.
Stryve Foods (NASDAQ: SNAX) has closed its previously announced public offering, raising $2.9 million through the sale of 3,670,886 shares of Class A common stock and stock equivalents at $0.79 per share. The offering included warrants to purchase up to 7,341,722 additional shares. Each share was sold with two warrants, exercisable at $0.79 per share for five years following stockholder approval. Roth Capital Partners and Northland Capital Markets served as co-placement agents. The company plans to use the proceeds for working capital and general corporate purposes.
Stryve Foods (NASDAQ: SNAX), a healthy snack platform and leader in air-dried meat snacks, announces its fiscal 2024 third quarter results release scheduled for Wednesday, November 13, 2024, after market close. The company will host a conference call at 4:30 pm EST the same day. Investors can join via phone (1-800-717-1738 or 1-646-307-1865) or webcast. A replay will be available through November 27, 2024, using PIN 11157512#. The webcast can be accessed through the company's Investor Relations website.
Stryve Foods (NASDAQ: SNAX), a healthy snacking platform and air-dried meat snack leader, has announced pricing for a $2.9 million public offering. The offering includes 3,670,886 shares of Class A common stock and equivalents, plus warrants to purchase up to 7,341,722 additional shares at $0.79 per share. Each share comes with two warrants exercisable for five years following stockholder approval. The offering is expected to close around November 12, 2024.
The company will also amend existing warrants for 529,412 shares, reducing their exercise price from $54.00 to $0.79 per share. Roth Capital Partners and Northland Capital Markets are co-placement agents. Proceeds will support working capital and general corporate purposes.
Stryve Foods (NASDAQ: SNAX) has announced two major developments: a strategic partnership with Dot Foods, North America's largest food industry redistributor, starting November 2024, and new chainwide distribution with a major national retailer beginning Q1 2025. The Dot Foods partnership aims to streamline operations, improve service levels, and optimize lead times. The new retail distribution agreement will expand Stryve's presence to thousands of new locations across the United States. These developments support Stryve's strategy to increase the availability of its air-dried meat snack brands, including Stryve, Vacadillos, and Kalahari.
