Mama’s Creations(MAMA)

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Mama’s Creations(MAMA) - 2022 Q4 - Annual Report
2022-05-27 18:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended January 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MAMAMANCINI'S HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification Number) N ...
Mama’s Creations(MAMA) - 2022 Q3 - Earnings Call Transcript
2021-12-15 03:49
Financial Data and Key Metrics Changes - Revenue for Q3 2022 increased by 12.1% to $10.9 million compared to $9.7 million in the same quarter last year [21] - Gross profit totaled $2.7 million, representing 25.2% of total revenues, down from $2.9 million or 30.1% in the same quarter last year, attributed to higher costs of protein and freight [22] - Operating expenses rose to $2.7 million from $2.1 million in the same year-ago quarter, with operating expenses as a percentage of sales increasing to 25.1% from 21.9% [23] - Net loss for Q3 2022 was $0 million, compared to a net income of $0.7 million in the same year-ago quarter [25] - Cash and cash equivalents increased to $4.5 million from $1.8 million in the same year-ago quarter, benefiting from increased cash flow from operations [26] Business Line Data and Key Metrics Changes - The company is focusing on acquisitions of companies with complementary products in the supermarket perimeter, aiming to enhance distribution and sales [10][11] - A new line of ready-to-eat meals is set to launch, with expectations of significant sales growth due to labor shortages in retail [13] - The introduction of the Meatball-in-a-Cup product is anticipated to cater to convenience stores and food service opportunities [14] Market Data and Key Metrics Changes - The company has established new distribution relationships, including a direct-to-consumer sales channel through Amazon Fresh [15] - Marketing efforts have included social media campaigns and QVC promotions, with significant engagement and sales expected from these channels [16][17] Company Strategy and Development Direction - The company aims to approach $100 million in annual sales within 18 months, establishing itself as a national platform [12] - There is a strong focus on vertical integration through acquisitions that align with core competencies and plant capabilities [32] - The company is preparing for margin expansion by year-end as several margin improvement initiatives are implemented [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory and operational scaling, with expectations for continued success in fiscal 2023 [33] - The company anticipates improvements in gross margins as commodity prices normalize and production volumes increase [22] Other Important Information - The company has made significant operational improvements, including hiring a new Director of Operations and upgrading machinery to enhance efficiency [28] - The company is now live on Oracle's NetSuite ERP system, which is expected to improve operational capabilities [31] Q&A Session Summary Question: What is the expected lag time for gross margin improvement? - Management indicated that most price increases will occur between January 1 and mid to late January, with expectations for margin recovery in the near term [35] Question: Can you provide an update on the acquisition pipeline? - The company is focusing on geographically close acquisitions that can enhance their product offerings and distribution capabilities [38] Question: Are there any issues with employee recruitment? - Management reported no significant issues in finding employees, citing a good work environment and a strong reputation in the community [43] Question: When can we expect the acquisition announcement? - Management stated that they are very far along in the acquisition process and expect to finalize details soon [50] Question: What is the forecast for profitability in the fourth quarter? - Management believes they will achieve profitability in the fourth quarter, although it is still early in the period [69]
Mama’s Creations(MAMA) - 2022 Q3 - Quarterly Report
2021-12-14 22:09
Washington, DC 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended: October 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ___________ to ____________ Commission File Number: 000-54954 MamaMancini's Holdings, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of ...
Mama’s Creations(MAMA) - 2022 Q2 - Earnings Call Transcript
2021-09-10 01:39
MamaMancini’s Holdings, Inc. (MMMB) Q2 2022 Earnings Conference Call September 9, 2021 4:30 PM ET Company Participants Greg Falesnik - Chief Executive Officer of MZ North America Carl Wolf - Chairman and Chief Executive Officer Larry Morgenstein - Chief Financial Officer Matthew Brown - President and Chief Operating Officer Conference Call Participants Howard Halpern - Taglich Brothers, Inc. Jeffrey Kobylarz - Diamond Bridge Capital, L.P. Operator Good afternoon, ladies and gentlemen. Thank you for standing ...
Mama’s Creations(MAMA) - 2022 Q2 - Quarterly Report
2021-09-09 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q Nevada 27-0607116 25 Branca Road East Rutherford, NJ 07073 (Address of principal executive offices and zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended: July 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ___________ to ____________ Commission File Number: 000-54954 MamaM ...
MamaMancini's Holdings (MMMB) Investor Presentation - Slideshow
2021-06-15 18:49
Investor Presentation June 2021 – OTCQB: MMMB Forward Looking Statements OTCQB: MMMB | 2 This presentation may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eve ...
Mama’s Creations(MAMA) - 2022 Q1 - Earnings Call Transcript
2021-06-14 23:34
MamaMancini’s Holdings, Inc. (MMMB) Q1 2022 Results Conference Call June 14, 2021 4:30 PM ET Company Participants Carl Wolf - Chairman and CEO Matthew Brown - President and COO Larry Morgenstein - CFO Greg Falesnik - CEO, MZ North America Conference Call Participants Howard Halpern - Taglich Brothers Operator Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to MamaMancini’s First Quarter Fiscal 2022 Earnings Conference Call. During today’s presentation all parties will be in a listen ...
Mama’s Creations(MAMA) - 2022 Q1 - Quarterly Report
2021-06-14 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended: April 30, 2021 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ___________ to ____________ Commission File Number: 000-54954 MamaMancini's Holdings, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction ...
Mama’s Creations(MAMA) - 2021 Q4 - Annual Report
2021-04-20 23:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended January 31, 2021 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MAMAMANCINI'S HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification Numbe ...
Mama’s Creations(MAMA) - 2021 Q4 - Earnings Call Transcript
2021-04-20 23:01
MamaMancini’s Holdings, Inc. (MMMB) Q4 2021 Earnings Conference Call April 20, 2021 4:30 PM ET Company Participants Greg Falesnik - CEO of MZ North America, IR Carl Wolf - Chairman and CEO Larry Morgenstein - CFO Matt Brown - President and Chief Operating Officer Conference Call Participants Howard Halpern - Taglich Brothers Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to MamaMancini's Fourth Quarter Fiscal 2021 Earnings Conference Call. During today’s presentation a ...