Stryve Foods, Inc. - SNAX STOCK NEWS

Stryve Foods, Inc. (NASDAQ: SNAX) announced the appointment of Chris Whitehair to its Board of Directors. Whitehair, with extensive experience in the consumer packaged goods sector, aims to enhance Stryve's supply chain capabilities and support its transformation agenda. CEO Chris Boever expressed enthusiasm for Whitehair's expertise, highlighting the potential for unlocking value. Whitehair has previously held senior positions at SunOpta and ConAgra Foods, and he is expected to contribute significantly to Stryve's productivity initiatives.

Stryve Foods (NASDAQ: SNAX) announces participation in two investor conferences. On November 16, CEO Chris Boever and CFO Alex Hawkins will present at the 14th Annual Southwest IDEAS Investor Conference at 3:00 p.m. Central Time, with a webcast available. They will also hold one-on-one meetings. Following this, on November 17, they will participate in the 13th Annual Craig-Hallum Alpha Select Conference in New York City. Stryve specializes in healthy snacks, focusing on low-sugar, high-protein air-dried meat products.

Stryve Foods, Inc. (NASDAQ: SNAX) announced it will release its fiscal 2022 third quarter results on November 14, 2022, after market close. A conference call is scheduled for the same day at 4:30 PM ET, allowing investors to get insights into the company's performance and future strategy. Stryve is recognized for its air-dried meat snack products, which are positioned as healthier alternatives with zero grams of sugar and friendly to Keto and Paleo diets. This upcoming financial disclosure is essential for stakeholders keen on understanding the company's market trajectory.

Stryve Foods (NASDAQ: SNAX) has successfully closed on $26 million in non-dilutive credit facilities to bolster its strategic restructuring plan. The financing includes a revenue-based term loan of $6 million and an asset backed facility of $15 million, aimed at enhancing liquidity and supporting growth initiatives. CEO Chris Boever emphasized a focus on quality revenue growth and productivity improvements, while CFO Alex Hawkins highlighted the flexibility of the financing structure to accommodate future performance.

Stryve Foods (NASDAQ: SNAX), a premium air-dried meat snacks brand, has partnered with Folds of Honor, a nonprofit providing scholarships to families of fallen and disabled service members. This collaboration aims to raise awareness and support scholarship funding, having awarded over 35,000 since 2007, with 91% of funds going directly to scholarships. Stryve Foods will display the Folds of Honor badge on its packaging to promote this cause. This partnership demonstrates Stryve's commitment to social responsibility while enhancing its brand visibility.

Stryve Foods (NASDAQ: SNAX), a leader in the healthy snack industry, announced that CEO Chris Boever and CFO Alex Hawkins will present at the Midwest IDEAS Investor Conference on August 25, 2022, at 8:45 AM CT in Chicago, IL. The presentation will be accessible via the conference's main website and Stryve's investor relations page. Stryve specializes in air-dried meat snacks that are lower in sugar and carbohydrates while being higher in protein compared to traditional snacks. The company's mission is to promote healthier eating habits across America.

Stryve Foods, Inc. (SNAX) reported a record second quarter revenue of $10.9 million, up 49% year-over-year. However, the company faced significant challenges, experiencing a net loss of $16.4 million and negative gross profits of $4.4 million due to a costly promotional program. The full-year revenue guidance has been adjusted to between $35 million and $37 million. Despite these setbacks, leadership changes and a restructuring plan aim to enhance profitability, with expectations for a positive inflection in earnings during the first half of 2023.

Stryve Foods, Inc. (NASDAQ: SNAX) announced it will release its fiscal 2022 second quarter results on August 15, 2022, before market opening. A conference call is set for 10:00 AM ET that same day. Stryve is known for its air-dried meat snacks, emphasizing healthier options with zero grams of sugar and higher protein content compared to traditional snacks. Its products cater to health-conscious consumers and are available through various retail channels and e-commerce platforms.

Stryve Foods, Inc. (NASDAQ: SNAX) reported a net sales increase of 8.6% year-over-year, totaling $7.4 million for Q1 2022, with wholesale sales surging 85%. Despite a net loss of $7.3 million or $0.25 per share, this marked an improvement from a loss of $11.9 million in the previous quarter. Operating expenses decreased by 33% to $8.3 million. The company retains a strong balance sheet with $28 million in net working capital and minimal debt, reaffirming FY 2022 net sales guidance of $43-$48 million.