26.7 C
New York
Wednesday, September 22, 2021

Is that how Tattooed Chef, Inc. (TTCF) stock jumped last night?

Tattooed Chef, Inc. (TTCF) announced its financial results on March 10, 2021, for the 3 and 12 months ended December 31, 2020,


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Financial Highlights for the 4Q of 2020

The company revenue increased 48% from the last year in the same quarter for the fourth quarter, and it was $39.6 million. The Company earned $23.9 million from Tattooed Chef branded products, compared to $8.8 million in the prior-year period. For the fourth quarter, the Company’s net income was $41.5 million. The adjusted EBITDA for the reported quarter was $3.7 million. Operating expenses were $7.9 million in the reported quarter.  Gross profit was $6.9 million in the three months ended December 31, 2020.

Financial Highlights for Full Year 2020

For the full year 2020, the company revenue was $148.5 million, with an increase of 75% compared to 2019. It earned $84.6 million in revenue from Tattooed Chef branded products. The adjusted EBITDA of TTCF was $9.6 million, while its net income was $45.4 million. For the full year, gross profit was $23.7 million, and the Operating expenses increased to $19.5 million for the reported year. The Company had cash and cash equivalents of $131.6 million as of December 31, 2020.

TTCF Financial outlook

The Companyexpects$222 million, which is 49% more compared to the fiscal year 2020. The TTCF wants to keep the gross margin in the range of 20% to 25%. The Company expects an Adjusted EBITDA in the range of $8 million to $10 million and net income in the range of $2.5 million to $5 million for the fiscal year 2021.

Current Stock market Picture

The TTCF stock price increased after the financial results announcement. The share price closed at $21.39 in the regular trading session on Wednesday, March 10, 2021, with a 4.55% increase. However, in the after-hours session, the price went down by 2.71%.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.