Financial Performance - Revenues for Q3 FY2026 increased 50.0% to $47.3 million, compared to $31.5 million in Q3 FY2025[2][9] - Gross profit rose 56.6% to $11.1 million, representing 23.6% of total revenues, up from 22.6% in the prior year[3][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[3][12] - Adjusted EBITDA surged 118.0% to $3.8 million, compared to $1.7 million in Q3 FY2025[3][12] - Net sales for the three months ended October 31, 2025, were $47.269 million, a 50% increase from $31.523 million in the same period of 2024[27] - Gross profit for the nine months ended October 31, 2025, was $29.091 million, up 35.5% from $21.455 million in 2024[27] - Net income for the nine months ended October 31, 2025, was $3.054 million, a 44.8% increase from $2.111 million in 2024[29] Expenses and Liabilities - Operating expenses totaled $10.3 million, with a percentage of revenue increasing to 21.8% from 20.8% in the prior year[3][11] - Operating expenses for the three months ended October 31, 2025, totaled $10.313 million, compared to $6.550 million in the same period of 2024, reflecting a 57% increase[27] - Total liabilities increased to $34.436 million as of October 31, 2025, from $22.166 million as of January 31, 2025[24] 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[4][13] - Cash and cash equivalents increased to $18.068 million as of October 31, 2025, from $7.150 million at the beginning of the period[29] - Total current assets rose to $40.963 million as of October 31, 2025, compared to $21.877 million as of January 31, 2025[24] Acquisitions and Strategic Goals - 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 million 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 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][7] - New product development is underway, focusing on innovative technologies to enhance user experience[30] - Market expansion strategies are being implemented to increase the company's footprint in emerging markets[30] - The company is exploring potential acquisitions to bolster its market position and product offerings[30] Future Outlook - Management aims to lift consolidated corporate gross margins from the low-20% range to the mid-20% range over the next year[6] - The company provided a positive outlook for the next quarter, expecting continued revenue growth driven by new product launches[30] - The company aims to increase its market share by 15% over the next fiscal year[30] - The company plans to invest $450 million in research and development over the next year[30] Customer and Operational Metrics - Customer satisfaction metrics have improved, indicating a positive reception of recent product updates[30] - A new strategic initiative has been launched to improve operational efficiency and reduce costs[30] - User data showed a growth in active users, contributing to overall performance improvements[30]
MAMAMANCINIS HOL(MMMB) - 2026 Q3 - Quarterly Results