Real Good Food(OTC) RGF

The Real Good Food Company, Inc. is a U.S.-based frozen food enterprise focused on the health and wellness sector. The company develops, produces, and distributes protein-rich, low-sugar, gluten- and grain-free food items, catering to health-conscious consumers.

Products and Services

• Frozen food items including bacon-wrapped stuffed chicken and chicken enchiladas
• Grain-free cheesy bread breakfast sandwiches
• Private-label goods for various retailers

Growth Outlook

• Revenue increased to $55.6 million in Q3 2023, up from $35.4 million in Q2 2023
• Gross profit margin improved to 20.9% in Q3 2023 from 13.6% in Q2 2023
• Expansion into e-commerce channels supports direct-to-consumer sales growth

Financial Highlights

• Net income for Q3 2023 was a loss of $4.4 million, an improvement from $4.2 million in Q2 2023
• Operating expenses decreased to $20.5 million in Q3 2023 from $15.4 million in Q2 2023
• Current ratio stands at 1.99, indicating strong short-term financial health

The Real Good Food Company, Inc. operates in the packaged foods industry, emphasizing health-oriented products. The recent revenue growth reflects a positive trend in consumer demand for healthier frozen food options. The improvement in gross profit margin indicates better cost management and pricing strategies. The company's focus on e-commerce is expected to enhance its market reach and consumer engagement. Financially, while the company reported a net loss, the reduction in operating expenses suggests a commitment to improving profitability. The current ratio indicates a solid liquidity position, which is crucial for navigating operational challenges. Overall, the company is positioned to capitalize on the growing health food market.