Laird Superfood, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 04:05 pm EDT
Share
Laird Superfood, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 8.67 million compared to USD 9.18 million a year ago. Net loss was USD 4.9 million compared to USD 6.3 million a year ago. Basic loss per share from continuing operations was USD 0.54 compared to USD 0.7 a year ago. Diluted loss per share from continuing operations was USD 0.54 compared to USD 0.7 a year ago.
For the six months, sales was USD 18.01 million compared to USD 16.58 million a year ago. Net loss was USD 19.04 million compared to USD 11.63 million a year ago. Basic loss per share from continuing operations was USD 2.09 compared to USD 1.3 a year ago. Diluted loss per share from continuing operations was USD 2.09 compared to USD 1.3 a year ago.
Laird Superfood, Inc. and its subsidiary, Picky Bars, LLC is a consumer products platform company. The Company is focused on manufacturing and marketing plant-based and functional foods. It creates plant-based superfood products that are both delicious and functional. The Companyâs core Laird Superfood platform includes Creamer coffee creamers, Hydrate hydration products and beverage enhancing supplements, harvest snacks and other food items, and functional roasted and instant coffees, teas, and hot chocolate. Coffee creamers include sales of powdered and liquid coffee creamers. Hydration and beverage enhancing supplements include sales of Hydrate coconut waters, Activate and Renew supplement lines, and mushroom botanical blends. Harvest snacks and other food items include ready to eat food offerings as well as baking and pancake mixes. Coffee, tea, and hot chocolate products include traditional and functional ground and whole bean coffee, and hot chocolate with functional mushroom.