FRISCO, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (OTC: SNAX) (“Stryve” or the “Company”), an emerging healthy snacking company focused on high-protein, air-dried meat snacks, today announces that it has engaged in a formal review process to evaluate potential strategic alternatives aimed at maximizing shareholder value while securing capital to support its accelerating growth in demand. Over the last two years, Stryve has made significant progress in transforming its operations and drivi ...

Full Year '24 Net Sales of $21.0 Million Up 18.5% Year-over-Year Adjusted EBITDA Loss Improved by 32.4% Versus Prior Year Significant Balance Sheet Transformation Underway in 2025 PLANO, Texas, April 01, 2025 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (OTC: SNAX) ("Stryve" or the "Company"), a leader in high-protein, better-for-you snacking, today unaudited preliminary Q4 2024 financial information and disclosed it had filed form 12b-25 for their Form 10K for the fiscal year ended December 31, 2024. FY 2024 Una ...

Two New Grass-Fed Offerings Available to Retailers Nationwide Expanding Upon Vacadillos’ Bold Flavor Lineup with Carne Asada Launching Stryve Original Sliced Brisket – a First of its Kind in the Category FRISCO, Texas, March 03, 2025 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (OTC: SNAX) (“Stryve” or the “Company”), a leader in high-protein, better-for-you snacking, is proud to announce the launch of four new, innovative products designed to meet evolving consumer demand for ultra-clean, high-protein, and flavo ...

PLANO, Texas, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (OTC: SNAX) (“Stryve” or the “Company”), a leader in high-protein, better-for-you snacking, is excited to announce significant expansion in its retail distribution. Stryve’s products will now be available in Kroger, Key Foods, Save Mart, Yesway and Allsup’s, HomeGoods, Energy North, and GreenChef, bringing its air-dried meat snacks to even more consumers nationwide. Additionally, the company has expanded its distribution in Hy-Vee, Cub Foods ...

Eliminates +$10 Million Future Lease PaymentsOptimizes Distribution & Fulfillment Network Estimated to Yield $1 Million Net Savings AnnuallyContinued Execution of Management’s Productivity & Transformation Agenda PLANO, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (OTC: SNAX) (“Stryve” or the “Company”), a leader in high-protein, better-for-you snacking, today announced the successful completion of a major network optimization initiative, marking another milestone in the Company’s ongoing tra ...

Eliminates $8.7 Million of Maturing LiabilitiesDeleverages Assets & Strengthens Balance SheetCreates Flexibility to Pursue More Attractive Financing Options PLANO, Texas, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (NASDAQ:SNAX) ("Stryve" or the "Company"), a leader in high-protein, better-for-you snacking, today announced the successful completion of a balance sheet transforming transaction, marking the second step in a multi-pronged approach to fortify its financial foundation and support its pat ...

Stryve Foods, Inc. (SNAX) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of a loss of $1.01. This compares to loss of $1.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.94%. A quarter ago, it was expected that this company would post a loss of $1.39 per share when it actually produced a loss of $0.91, delivering a surprise of 34.53%.Over the last four quarters, the company has surpas ...

Core Insights - Stryve Foods, Inc. reported a 36.4% increase in net sales year-over-year, reaching $5.7 million in Q3 2024, alongside a gross profit increase of 122.1%, resulting in a gross margin of 21.7% compared to 13.3% in the prior year [2][10][11]. Financial Performance - The company achieved a gross profit of $1.2 million in Q3 2024, up from $0.6 million in Q3 2023, reflecting improved productivity and operational efficiency [10][11]. - Operating loss narrowed to $2.3 million in Q3 2024 from $3.6 million in the same quarter of 2023, indicating a 36.8% improvement [11][15]. - Net loss for Q3 2024 was $3.1 million, or $0.95 per share, compared to a net loss of $4.8 million, or $2.14 per share, in Q3 2023 [11][35]. - Adjusted EBITDA loss improved by 31.5% to $1.7 million in Q3 2024 from $2.5 million in the prior-year quarter [12]. Strategic Initiatives - Stryve expanded its distribution network, securing placements with major retailers such as BJ's Wholesale, Wawa, and Circle K, which reflects strong demand for its products [3][5]. - The company raised $2.9 million in gross proceeds through a public offering to support increased order volume and working capital needs [8][9]. - A strategic partnership with Dot Foods was announced to enhance distribution and streamline operations, expected to begin in Q4 2024 [6]. Year-to-Date Performance - For the nine months ended September 30, 2024, net sales reached $16.5 million, an 11.2% increase compared to the same period in 2023 [13]. - Gross profit for the nine months was $3.9 million, up from $2.6 million in the prior year, driven by a better sales mix and operational improvements [14]. - The operating loss for the nine months improved by 33.1% to $7.5 million from $11.3 million in the previous year [15]. Product Development - Stryve launched a new high-protein pet treat brand, High Steaks, in response to consumer demand for clean-label pet snacks, indicating a commitment to innovation and category expansion [7].

PLANO, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), an emerging healthy snacking platform and leader in the air-dried meat snack industry in the United States, today announced the closing of its previously announced public offering priced at-market according to Nasdaq rules of 3,670,886 shares of its Class A common stock and commons stock equivalents and warrants to purchase up to an aggregate of 7,341,722 shares of its Class A common stock at a com ...

PLANO, Texas, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), an emerging healthy snack and eating platform disrupting traditional consumer packaged goods (CPG) categories, and a leader in the air-dried meat snack industry in the United States, today announces that it will release its fiscal 2024 third quarter results on Wednesday, November 13, 2024, after the market closes. In conjunction with the release, the Company has scheduled a conference call that wil ...