Mama’s Creations(MAMA) - 2026 Q3 - Quarterly Results

Financial Performance - Revenues for Q3 FY2026 increased 50.0% to $47.3 million, compared to $31.5 million in Q3 FY2025[2] - Gross profit rose 56.6% to $11.1 million, representing 23.6% of total revenues, up from 22.6% in the prior year[10] - Net income increased 31.7% to $0.5 million, or $0.01 per diluted share, compared to $0.4 million in the same quarter last year[12] - Adjusted EBITDA surged 118.0% to $3.8 million, compared to $1.7 million in Q3 FY2025[12] - Net sales for the three months ended October 31, 2025, were $47,269,000, a 50% increase from $31,523,000 in the same period of 2024[27] - Gross profit for the nine months ended October 31, 2025, was $29,091,000, representing a 35.5% increase compared to $21,455,000 in 2024[27] - Net income for the nine months ended October 31, 2025, was $3,054,000, a 44.8% increase from $2,111,000 in 2024[29] - The company reported a basic net income per share of $0.08 for the nine months ended October 31, 2025, compared to $0.06 in 2024[27] Cash and Assets - Cash and cash equivalents grew to $18.1 million as of October 31, 2025, up from $7.2 million as of January 31, 2025[13] - Cash and cash equivalents increased to $18,068,000 as of October 31, 2025, from $7,150,000 at the beginning of the period[29] - Total assets as of October 31, 2025, were $84,034,000, compared to $47,062,000 as of January 31, 2025[24] - Total liabilities increased to $34,436,000 as of October 31, 2025, from $22,166,000 as of January 31, 2025[24] Operating Expenses - Operating expenses totaled $10.3 million, with a percentage of revenue increasing to 21.8% from 20.8% in the prior year[11] - Operating expenses for the three months ended October 31, 2025, totaled $10,313,000, up from $6,550,000 in 2024, reflecting a 57% increase[27] - Research and development expenses for the nine months ended October 31, 2025, were $208,000, down from $352,000 in 2024[27] Strategic Goals and Acquisitions - The acquisition of Crown 1 added $56.8 million in revenue based on the 12 months ended June 28, 2025[4] - The company incurred $17,500,000 for the acquisition of Crown I Enterprises, Inc.[29] - The strategic goal is to become a $1 billion deli prepared foods company, focusing on integration and capital allocation[8] Market Expansion and Product Development - The company secured new placements at Target and Food Lion, with shipments expected to begin in February and later this month, respectively[4] - New product launches are expected to contribute an additional $10 billion in revenue next fiscal year[30] - The company plans to expand its market presence in Asia, targeting a 15% growth in that region[30] - The company is investing $1 billion in research and development for new technologies[30] Customer and Operational Insights - Customer satisfaction ratings improved by 10% due to recent service enhancements[30] - The company aims to reduce operational costs by 5% through efficiency measures[30] - Management aims to lift consolidated corporate gross margins from the low-20% range to the mid-20% range over the next year[6] Future Guidance - Future guidance estimates revenue growth of 8% for the next quarter[30] - The company achieved a year-over-year growth of 5% in total revenue[30] - User data indicates an increase in active devices, reaching 1.5 billion globally[30] - The company has completed two strategic acquisitions to enhance its product offerings[30]