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Tattooed Chef, Inc. (TTCF) is a leading innovator in plant-based frozen foods, offering ready-to-cook bowls, cauliflower crust pizzas, and nutrient-rich meal solutions. This page provides investors and industry observers with timely updates on the company’s strategic initiatives, financial performance, and product developments.
Access official press releases and curated news about TTCF’s retail partnerships, new product launches, and market expansion efforts. Our resource eliminates speculation by focusing on verified announcements and operational milestones within the plant-based food sector.
Key updates include earnings reports, manufacturing innovations, distribution network growth, and sustainability initiatives. Bookmark this page to stay informed about TTCF’s progress in meeting consumer demand for convenient, chef-inspired plant-based meals.
Tattooed Chef (TTCF) has announced an expanded secured revolving credit facility with UMB Bank, increasing from $25 million to $40 million. This facility has a three-year term maturing in September 2025, replacing the previous one set to mature in 2023. The funds will support general corporate purposes, including acquisitions and growth initiatives. CEO Sam Galletti expressed satisfaction with the extension, emphasizing enhanced liquidity and financial flexibility for their capital allocation strategy.
Tattooed Chef reported a 15.6% increase in net revenue for Q2 2022, totaling $58.1 million, compared to $50.3 million in Q2 2021. The net loss narrowed to $26.4 million, or $(0.32) per share, from $57.5 million year-over-year. Adjusted EBITDA loss was $20.5 million. The company expanded its distribution to approximately 17,200 retail locations and invested heavily in brand marketing. However, cost of goods sold soared 36.7%, leading to a decline in gross profit margin to 1.3%. Full year revenue guidance remains unchanged at $280-$285 million, but gross margin forecast was lowered to 8-10%.
Tattooed Chef (Nasdaq: TTCF) will release its financial results for Q2 FY2022 on August 8, 2022, after market close. A conference call to discuss the results is scheduled for the same day at 5:00 PM ET. Investors can join the call by dialing (877) 407-9753 in the U.S. or (201) 493-6739 internationally. The call will also be accessible via a webcast on the company’s website, which will be archived for 30 days.
Tattooed Chef (TTCF) has been added to the Russell Microcap® Index, effective June 27, 2022, following the annual reconstitution. This inclusion signifies increased visibility and investment opportunities for the Company, which specializes in plant-based foods. Membership in the Russell Microcap also guarantees automatic inclusion in related growth and value style indexes, enhancing Tattooed Chef’s profile among investors. The index serves as a benchmark for approximately $12 trillion in assets, potentially attracting more institutional investment.
Tattooed Chef, a leader in plant-based foods, announced its participation in two investor conferences in June 2022. The company will partake in Oppenheimer’s 22nd Annual Consumer Growth and E-Commerce Conference on June 15, 2022, at 3:45 pm ET, and the Jefferies Global Consumer Conference from June 20-22, 2022, with a fireside chat available starting June 20, 2022, at 8:00 am ET. Interested parties can access the events via the company's investor relations website.
Tattooed Chef (TTCF), a leading plant-based food company, announced its participation in Cowen's 6th Annual Future of the Consumer Conference on May 24-25, 2022, in New York City. The Company will host a fireside chat on May 25 at 10:00 am Eastern Time, with a live audio webcast available through its investor relations website. Tattooed Chef specializes in a wide range of innovative plant-based products, including ready-to-cook bowls and cauliflower pizza crusts, catering to both plant-based consumers and the mainstream market.
Tattooed Chef reported Q1 2022 revenue of $72.1 million, a 37.3% increase from $52.5 million in Q1 2021, primarily driven by a 21.2% rise in branded product sales. However, the company posted a net loss of $17.6 million ($0.22 per diluted share), worsening from a loss of $8.2 million in the prior year. Adjusted EBITDA was negative $13.4 million compared to negative $3.4 million in Q1 2021. The company maintained its 2022 revenue guidance of $280-$285 million with a gross margin forecast of 10-12%. Operationally, it added new distribution points and launched new product lines.
Tattooed Chef, Inc. (TTCF), a leader in plant-based foods, will announce its first-quarter financial results for the period ending March 31, 2022, on May 9, 2022, after market close. A conference call will follow at 5:00 p.m. ET for a detailed discussion of these results. Investors can join the call by dialing (877) 407-9753 (U.S.) or (201) 493-6739 (internationally). The call will also be available via webcast on Tattooed Chef’s website, with an archived version accessible for 30 days.
Tattooed Chef reported a record revenue growth of 43.7% to $213.4 million for 2021, with 32.2% growth in Q4 2021 compared to Q4 2020. Despite a net loss of $87.4 million for the full year and $13.1 million in Q4, the company expanded its product line and retail presence significantly. They ended 2021 with 78 SKUs and expanded distribution to over 160 retailers. The outlook for 2022 anticipates revenue between $280-$285 million, supported by new product launches and increased distribution.
Tattooed Chef (TTCF) will announce its fourth quarter and full year financial results for 2021 on March 16, 2022, before the market opens. A conference call to discuss these results is scheduled for 9:00 a.m. ET on the same day. Investors can join the call by dialing (877) 407-9753 in the U.S. or (201) 493-6739 internationally. The call will also be available via webcast on Tattooed Chef's investor relations page, with the recording archived for 30 days. Tattooed Chef is a leader in innovative, plant-based foods available nationwide.
