Financial Data and Key Metrics Changes - Net sales reached $186.8 million for the year ended December 31, 2024, marking a record high and an increase of $26.7 million or 16.7% compared to the prior year [6] - Gross profit margin was reported at 26% for the year, maintained despite inflationary pressures on raw materials [7] - Net income for the year was $9 million, reflecting earnings per share (EPS) of $0.61 per basic and $0.60 per diluted share [10] Business Line Data and Key Metrics Changes - Net sales of the flagship drinkable LifeWay kefir increased by more than 20% in 2024 compared to the prior year, following a nearly 16% growth in 2023 [17] - LifeWay's Farmer's Cheese saw significant growth in the second half of the year, particularly strong in Q4, following strategic investments [21] Market Data and Key Metrics Changes - The company noted a growing customer interest in protein-rich foods with probiotics, which has been a driving factor for sales growth [7] - Initial trends in the UAE market are promising, although it is not yet a major revenue contributor [26] Company Strategy and Development Direction - The company is focused on innovation, with plans to expand its product offerings in response to evolving consumer interests, including lactose-free and probiotic products [15][18] - LifeWay aims to maintain its market-leading position in the kefir category through strategic investments and marketing initiatives [16][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth momentum through 2025, despite macroeconomic pressures such as high prices and interest rates [11][12] - The company believes that health and wellness trends will continue to support its premium product portfolio [15] Other Important Information - Capital spending increased to $6.7 million in 2024, aimed at modernizing manufacturing facilities to support growth [10] - The company has been actively participating in events to raise awareness about gut health and its products, including appearances at South by Southwest and Expo West [22][23] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.