Stryve Foods, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:32 pm EDT
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Stryve Foods, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 6 million compared to USD 10.95 million a year ago. Net loss was USD 4.31 million compared to USD 16.35 million a year ago. Basic loss per share from continuing operations was USD 2.05 compared to USD 7.93 a year ago.
For the six months, sales was USD 10.64 million compared to USD 18.37 million a year ago. Net loss was USD 8.95 million compared to USD 23.67 million a year ago. Basic loss per share from continuing operations was USD 4.27 compared to USD 11.7 a year ago.
Stryve Foods, Inc. is a healthy snack company. The Company is engaged in manufacturing, marketing and selling differentiated healthy snacking products. The Company offers convenient snacks that are lower in sugar and carbohydrates and higher in protein than other snacks. Its product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brand names. It distributes its products in retail channels, primarily in North America, including mass, convenience, grocery, club stores, and other retail outlets, as well as directly to consumers through its e-commerce websites, as well as direct to consumers through the Amazon platform. It also offers convenient products that are lower in sugar and carbohydrates and higher in protein than other snacks and foods. Its products are Keto and Paleo diet friendly. The Company has manufacturing operations in Madill, Oklahoma and fulfillment operations in Frisco, Texas.
STRYVE FOODS, INC. 
