Core Insights - Golden Triangle Ventures has established Snapt Beverages as its manufacturing and brand development division, enhancing its position as a vertically integrated consumer products platform [1][4] - The company has taken control of a fully operational Florida manufacturing facility, which supports multiple beverage categories [2][3] Company Operations - Snapt Beverages operates an approximately 11,000-square-foot manufacturing facility in Florida, which is currently producing various beverage products [3] - The facility is equipped for multi-category beverage manufacturing, including quality assurance, packaging, warehousing, and logistics coordination, providing immediate operational capacity and scalability [3][4] Strategic Focus - The internal manufacturing of Go Fast Sports & Beverage is a key component of the company's strategy, aimed at supporting a national retail rollout in 2026 while enhancing cost efficiency and long-term profitability [5] - Snapt Beverages also serves as a platform for external partners, offering services from formulation and branding to manufacturing and launch execution [6] Future Growth - The CEO of Golden Triangle Ventures emphasized the importance of manufacturing, scale, and execution, indicating that 2026 will focus on collaborations with major names in sports and entertainment [7] - The company is committed to disciplined execution and infrastructure-led growth, aiming to build enduring brands and long-term shareholder value [8]

Core Insights - Golden Triangle Ventures has established Snapt Beverages as its manufacturing and brand development division, enhancing its position as a vertically integrated consumer products platform [1][4] - The company has taken control of a fully operational Florida manufacturing facility, which supports multiple beverage categories and provides immediate operational capacity [2][3] Company Operations - Snapt Beverages operates an approximately 11,000-square-foot manufacturing facility in Florida, currently producing various beverage products, including functional beverages and THC/CBD-infused drinks [3][4] - The Florida facility is designed for multi-category beverage manufacturing, including quality assurance, packaging, warehousing, and logistics coordination, ensuring continuity of production and scalability for future growth [3][4] Strategic Focus - A key component of Golden Triangle Ventures' strategy is the internal manufacturing of Go Fast Sports & Beverage, aimed at supporting a national retail rollout in 2026 while enhancing cost efficiency and long-term profitability [5] - Snapt Beverages also serves as a platform for external partners, providing services from formulation to launch execution, facilitating efficient product market entry [6] Future Growth Plans - The CEO of Golden Triangle Ventures emphasized the importance of manufacturing, scale, and execution, indicating that 2026 will focus on collaborations with major names in sports and entertainment [7] - The company is committed to disciplined execution and infrastructure-led growth, aiming to build enduring brands and long-term shareholder value, with further updates expected in 2026 [8]

Financial Data and Key Metrics Changes - Net sales for Q3 2025 increased by 10% year-over-year to $12.9 million, with year-to-date sales up 15% to $36.5 million [3][12] - Gross profit for Q3 was $4.7 million, down 7% from the prior year, with gross margin contracting to 36.5% from 43% last year [5][14] - Net loss for Q3 was $1.0 million compared to a loss of $0.2 million in the prior year, primarily due to a $0.7 million impairment charge related to Picky Bars [16] Business Line Data and Key Metrics Changes - The Wholesale channel saw net sales increase by 39% in Q3 and 40% year-to-date, contributing 53% of net sales in Q3 [4][12] - E-commerce sales represented 47% of total net sales in Q3 but experienced an 11% decline year-over-year, primarily due to softness in the direct-to-consumer platform [5][14] Market Data and Key Metrics Changes - The company reported strong consumer demand for core products like Coffee Creamers and Functional Beverages, aligning with healthier lifestyle trends [4][6] - The Wholesale channel's growth reflects successful distribution expansion in grocery and club stores [3][4] Company Strategy and Development Direction - The company aims to transition to a Wholesale-led model, focusing on expanding distribution and product innovation [4][6] - A new Protein Coffee product is set to launch, marking the company's first entry into the dairy market, which is significantly larger than the plant-based market [8][49] - The decision to discontinue the Picky Bars brand will allow for a redirection of investments towards the core Laird Superfood brand [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about navigating macroeconomic challenges and maintaining double-digit growth despite headwinds in the consumer economy [10][70] - The company expects to hold gross margins in the upper 30% range and achieve breakeven adjusted EBITDA for the full year [18][65] Other Important Information - The company recorded a $661,000 impairment charge related to Picky Bars intangible assets in Q3 [9] - Inventory was reduced by over $1 million in Q3, with expectations for improved cash flows as inventory continues to sell through [9][17] Q&A Session Summary Question: Impact of timing on Q3 and Q4 results - Management confirmed that timing issues related to large wholesale customer orders impacted both Q3 and Q4, but long-term business health remains unaffected [20][24] Question: Trends in limited time offer products - Management noted a successful year for Pumpkin Spice Creamer, with strong sales despite a late start in distribution [38][39] Question: Strategy for Amazon sales to replace lost DTC sales - The company plans to focus on Amazon for online growth while maintaining DTC as a platform for broader product offerings and consumer education [40][44] Question: Future dairy product launches - Management confirmed plans for additional dairy products within the next 15 months, expanding the product line beyond Protein Coffee [54][55] Question: Tariff impacts and Club promotions - Tariffs have had a dynamic impact, with some key raw materials excluded from tariffs, and the company plans to continue executing its strategy in the Club channel [64][65]

Group 1: InterDigital, Inc. (IDCC) - InterDigital is a global research and development company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings increased by 14.7% over the last 60 days [1] - InterDigital's shares gained 10.6% over the last three months, while the S&P 500 declined by 12.7% [1] - The company has a Momentum Score of B [1] Group 2: Bank First Corporation (BFC) - Bank First Corporation is a holding company for Bank with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings increased by 6.5% over the last 60 days [2] - Bank First Corporation's shares gained 6.7% over the last three months, compared to the S&P 500's decline of 12.7% [2] - The company possesses a Momentum Score of B [2] Group 3: Celsius Holdings, Inc. (CELH) - Celsius Holdings is a functional beverage company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings increased by 20.7% over the last 60 days [3] - Celsius Holdings' shares gained 38.9% over the last three months, while the S&P 500 declined by 12.7% [3] - The company has a Momentum Score of A [3]