Financial Performance - Q2 2024 revenue increased 37% sequentially to $15.6 million, compared to $1.3 million in Q2 2023, driven by the pivot to freeze-dried candy and expanded production capacity [4]. - Gross profit for Q2 2024 was $9.0 million, with a gross margin of 57.6%, up from $(1.6) million and 40.6% in Q2 2023 and Q1 2024 respectively [5]. - Net income in Q2 2024 was $3.3 million, or $0.29 per diluted share, compared to a net loss of $(3.3) million, or $(0.68) per diluted share, in Q2 2023 [7]. - Adjusted EBITDA improved to $6.2 million in Q2 2024, compared to $(2.1) million in Q2 2023 [8]. - Revenues for the three months ended June 30, 2024, reached $15,648,046, a significant increase from $1,315,346 in the same period of 2023, representing a growth of approximately 1,087% [24]. - Gross profit for the three months ended June 30, 2024, was $9,007,129, compared to a gross loss of $(1,580,913) in the same period of 2023, indicating a turnaround in profitability [24]. - Net income for the three months ended June 30, 2024, was $3,335,142, a significant recovery from a net loss of $(3,320,900) in the same period of 2023 [25]. - The company reported a net operating income of $4,885,096 for the three months ended June 30, 2024, compared to a net operating loss of $(2,473,391) in the same period of 2023 [25]. - Net income for the six months ended June 30, 2024, was $3,845,730, compared to a net loss of $4,722,430 for the same period in 2023, representing a significant turnaround [30]. - The company reported an EBITDA of $5,484,635 for the six months ended June 30, 2024, compared to a negative EBITDA of $(3,221,169) for the same period in 2023, reflecting improved operational performance [32]. - Adjusted EBITDA for the six months ended June 30, 2024, was $8,684,660, compared to a negative adjusted EBITDA of $(2,837,263) for the same period in 2023, indicating enhanced profitability [32]. Cash and Equity Position - Cash and cash equivalents increased to $14.4 million as of June 30, 2024, up from $2.4 million at December 31, 2023, following a public offering that generated $12.8 million in net proceeds [9]. - Total stockholders' equity increased to $35,015,646 as of June 30, 2024, up from $7,280,449 as of December 31, 2023, reflecting a substantial improvement in the company's financial position [23]. - Total stockholders' equity increased to $35,015,646 as of June 30, 2024, up from $794,841 as of June 30, 2023, indicating strong financial growth [29]. - Cash and cash equivalents at the end of the period were $14,373,035, a substantial increase from $293,024 at the end of June 2023 [31]. - The company raised $15,712,976 from common stock offerings, net of offering costs, during the six months ended June 30, 2024 [31]. - The total additional paid-in capital increased to $89,899,666 as of June 30, 2024, from $58,485,602 as of December 31, 2022, reflecting ongoing investment and capital raising efforts [29]. Operational Developments - The company is expanding in-house production capacity to meet growing demand and is diversifying distribution partnerships to enhance market reach [2]. - A new 324,000 square foot production and distribution facility is expected to significantly boost production capabilities once operational [2]. - The company aims to revolutionize the candy category with innovative products, enhancing its competitive advantage by controlling the manufacturing process [3]. - The company expresses confidence that 2024 will be a transformative year for creating significant shareholder value [4]. Liabilities and Expenses - Operating expenses rose to $4.1 million in Q2 2024, compared to $0.9 million in Q2 2023, primarily due to increased compensation and professional services [6]. - Total current liabilities as of June 30, 2024, amounted to $6,283,399, an increase from $5,771,200 as of December 31, 2023 [22]. - The total liabilities as of June 30, 2024, were $25,174,478, compared to $14,208,109 as of December 31, 2023, indicating an increase in the company's obligations [22]. - The company incurred interest expense of $(599,664) for the three months ended June 30, 2024, down from $(847,509) in the same period of 2023, suggesting improved cost management [25]. - The accumulated deficit decreased to $(54,894,265) as of June 30, 2024, from $(58,739,995) as of December 31, 2023, indicating progress in reducing losses over time [23]. - The company reported a net cash used in operating activities of $(939,534) for the six months ended June 30, 2024, an improvement from $(2,421,260) in the same period of 2023 [30]. - The company experienced a decrease in accounts receivable by $3,639,538 during the six months ended June 30, 2024, compared to a decrease of $721,135 in the same period of 2023 [30]. - The company incurred a loss on early extinguishment of debt amounting to $696,502 during the six months ended June 30, 2024 [32].

Revenue and Growth - Q1 2024 revenue increased 20% sequentially to $11.4 million, compared to approximately $198.9K in Q1 2023, driven by the pivot to freeze dried candy and expanded production capacity[2][4] - Total revenues for the three months ended March 31, 2024, were $11,406,320, compared to $198,930 for the same period in 2023, representing a significant increase[29] - The company anticipates continued growth in production infrastructure and retail presence, aiming to maintain leadership in the freeze dried candy category[13] Profitability - Gross profit for Q1 2024 was $4.6 million, with a gross margin of 40.6%, down from 57.8% in the prior-year period due to higher labor and production costs[5] - Gross profit for the three months ended March 31, 2024, was $4,629,438, compared to $114,927 for the same period in 2023, indicating a substantial improvement[29] - Net income for Q1 2024 was approximately $510.6K, a significant improvement from a net loss of $(1.4) million in Q1 2023[7] - Net income for the three months ended March 31, 2024, was $510,588, a turnaround from a net loss of $1,401,530 in the same period of 2023[31] - Adjusted EBITDA for Q1 2024 improved to $2.45 million, compared to approximately $171.3K in Q1 2023[7] - Adjusted EBITDA for Q1 2024 reached $2,451,668, compared to $171,295 in Q1 2023, indicating strong operational performance[35] Expenses and Costs - Operating expenses in Q1 2024 were $3.7 million, up from $1.0 million in Q1 2023, primarily due to increased compensation and professional services expenses[6] - General and administrative expenses for the three months ended March 31, 2024, were $3,690,643, compared to $941,903 for the same period in 2023, reflecting increased operational costs[30] - Stock-based compensation expense for Q1 2024 was $1,371,735, up from $999,257 in Q1 2023, indicating increased employee compensation costs[35] Production and Capacity - Production capacity reached 4.5 million units in Q1 2024, exceeding the initial projection of 4.25 million units, with a target of up to 30 million units for the full year[3] - The company plans to add five new SKUs and expand its retail presence to nearly 2,000 Target stores and 300 Big Lots stores this summer[4] Cash Flow and Financial Position - Cash and cash equivalents increased to $6.8 million at March 31, 2024, up from $2.4 million at December 31, 2023, following a $3.7 million equity private placement[8] - Total assets increased to $27,903,372 as of March 31, 2024, up from $21,488,558 as of December 31, 2023[28] - Total liabilities rose to $15,002,569 as of March 31, 2024, compared to $14,208,109 as of December 31, 2023[27] - Total stockholders' equity increased to $12,900,803 as of March 31, 2024, from $7,280,449 as of December 31, 2023[28] - Net cash provided by operating activities was $1,297,651, a turnaround from net cash used of $966,117 in the previous year[34] - Total cash and cash equivalents at the end of the period increased to $6,815,355, up from $348,441 at the end of Q1 2023[34] - Proceeds from the issuance of common stock amounted to $3,737,999, contributing to the positive cash flow from financing activities[34] Market Activity - The company successfully uplisted to Nasdaq on May 2, 2024, and completed a public offering raising approximately $13.8 million in gross proceeds[12][11] Inventory and Accounts Payable - Inventory decreased significantly by $1,256,833, reflecting improved inventory management[34] - The company reported a significant increase in accounts payable by $40,476, contrasting with a decrease of $163,065 in the previous year[34]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Title of each classTrading Symbol(s) Name of each exchange on which registered Common stock, par value $0.001 per share SOWG NASDAQ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to __ ...

Table of Contents Registration No. 333-277042 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact nam ...

Table of Contents Registration No. 333-277042 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) Delaware (State or other jurisdiction of incorporation or organization) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 ( ...

Table of Contents Registration No. 333-277042 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 ( ...

Registration No. 333-277042 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) Drew M. Valentine DLA Piper LLP (US) 303 Colorado St, Suite 3000 Austin, TX 7 ...

Table of Contents Title of Each Class Trading Symbol Name of Each Exchange On Which Registered COMMON STOCK SOWG OTCQB U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1933 For the fiscal year ended: December 31, 2023 Commission file number 000-53952 SOW GOOD INC. (Exact name of registrant as specified in its charter ...

Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation or organization) 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 (Address, including zip code, and telephone nu ...

Registration No. 333- Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 2034 27-2345075 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 (Address, including zip code ...