Stryve Foods, Inc. (SNAX) Income Statement
SNAX 2023 at a glance
Fiscal year ended December 31, 2023 · U.S. dollarsSNAX revenue and net income
Where SNAX's revenue goes
2023Each bar shows an amount and its share of revenue. SNAX kept −107.5% of revenue as net income.
SNAX profit margins
SNAX growth rates
to 2023| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −40.9% | +1.4% | — | — |
| Gross profit | — | −25.6% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SNAX quarterly EPS vs estimates
Stryve Foods beat the analyst EPS estimate in 5 of the last 8 quarters.
SNAX income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.7M | $29.9M | $30.1M | $17.0M | $10.8M | $0 | $0 | $0 |
| Cost of revenue | $15.3M | $30.7M | $19.8M | $11.1M | $13.3M | — | — | — |
| Gross profit | $2.4M | −$711,000 | $10.3M | $5.9M | −$2.5M | — | — | — |
| Sales, general & admin | $15.6M | $25.2M | $39.9M | $18.9M | $8.8M | $14,772 | $424 | — |
| Total operating expenses | $17.9M | $31.5M | $41.5M | $20.2M | $386,675 | $14,772 | $424 | $13,800 |
| Operating income | −$15.4M | −$32.2M | −$31.3M | −$14.3M | −$387,000 | −$14,772 | −$424 | −$13,800 |
| Interest expense | $3.6M | $895,759 | $3.0M | $3.3M | $0 | $0 | $0 | $0 |
| Income before taxes | −$19.0M | −$33.2M | −$32.0M | −$17.5M | $1.8M | −$14,772 | −$424 | −$13,800 |
| Income taxes | $965 | −$74,522 | $30,272 | $3.3M | −$2.1M | −$161,141 | −$52,516 | −$22,816 |
| Net income | −$19.0M | −$33.1M | −$32.0M | −$17.5M | −$296,000 | −$14,772 | −$424 | −$13,800 |
| EBITDA | −$12.8M | −$30.1M | −$27.3M | −$13.0M | $2.9M | −$14,772 | −$424 | −$13,800 |
| EPS (diluted) | −$8.63 | −$14.24 | −$11.94 | −$0.17 | $0.51 | $0.00 | — | — |
| Gross margin | 13.7% | −2.4% | 34.1% | 34.7% | −23.6% | — | — | — |
| Operating margin | −87.1% | −107.4% | −104.0% | −83.9% | −3.6% | — | — | — |
| Net margin | −107.5% | −110.7% | −106.3% | −103.2% | −2.7% | — | — | — |
| Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.7M | $6.2M | $4.6M | $2.9M | $4.2M | $6.0M | $4.6M | $5.4M | $6.2M | $10.9M | $7.4M | $6.8M |
| Cost of revenue | $4.5M | $4.5M | $3.6M | $3.0M | $3.6M | $4.9M | $3.7M | $4.2M | $4.8M | $15.4M | $6.3M | $6.1M |
| Gross profit | $1.2M | $1.7M | $1.0M | −$136,788 | $555,957 | $1.1M | $963,251 | $1.2M | $1.4M | −$4.4M | $1.1M | $754,567 |
| Sales, general & admin | $2.7M | $3.1M | $3.2M | $3.2M | $1.6M | $3.2M | $4.1M | $4.3M | $5.7M | $8.2M | $7.8M | $10.6M |
| Total operating expenses | $3.5M | $3.9M | $4.0M | $7.0M | $1.8M | $4.4M | $5.2M | $1.8M | $6.2M | $11.6M | $8.3M | $12.2M |
| Operating income | −$2.3M | −$2.2M | −$3.0M | −$4.2M | −$3.7M | −$3.4M | −$4.2M | −$4.1M | −$4.7M | −$16.0M | −$7.2M | −$11.5M |
| Interest expense | $804,942 | $727,894 | $582,567 | $1.1M | $1.1M | $963,784 | $398,945 | $337,000 | $189,794 | $180,536 | $188,494 | $312,639 |
| Income before taxes | −$3.1M | −$3.0M | −$3.9M | −$5.3M | −$4.8M | −$4.3M | −$4.6M | −$4.6M | −$5.0M | −$16.3M | −$7.3M | −$11.9M |
| Income taxes | $102 | $900 | $8,998 | — | $7,281 | −$12,854 | $3,331 | $111,000 | $507 | $28,655 | $7,786 | $30,272 |
| Net income | −$3.1M | −$3.0M | −$3.9M | −$5.3M | −$4.8M | −$4.3M | −$4.6M | −$4.7M | −$5.0M | −$16.4M | −$7.3M | −$12.0M |
| EBITDA | −$1.7M | −$1.7M | −$2.8M | — | −$3.0M | −$2.7M | −$3.6M | −$3.6M | −$4.2M | −$15.6M | −$6.7M | −$11.2M |
| EPS (diluted) | −$0.95 | −$0.91 | −$1.42 | −$2.19 | −$2.14 | −$2.05 | −$2.25 | −$0.14 | −$2.40 | −$7.95 | −$3.75 | −$0.58 |
| Gross margin | 21.7% | 27.4% | 22.1% | −4.7% | 13.3% | 17.5% | 20.7% | 22.3% | 22.4% | −40.4% | 15.1% | 11.0% |
| Operating margin | −40.4% | −36.1% | −65.3% | −144.1% | −87.4% | −56.3% | −91.1% | −75.0% | −77.0% | −145.9% | −96.5% | −168.5% |
| Net margin | −54.6% | −47.9% | −85.5% | −183.9% | −114.3% | −71.9% | −99.9% | −87.4% | −80.5% | −149.4% | −98.6% | −175.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SNAX's financial statements (latest annual report filed April 1, 2024); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SNAX financial results
In fiscal year 2023 (ended December 31, 2023), Stryve Foods reported revenue of $17.7 million, down 40.9% from the year before. It had a net loss of $19.0 million, a net profit margin of −107.5%. Diluted earnings per share came to −$8.63.
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SNAX income statement FAQ
What is Stryve Foods's annual revenue?
Stryve Foods reported total revenue of $17.7 million for fiscal year 2023, which ended on December 31, 2023. That was down 40.9% from $29.9 million the previous year.
Is Stryve Foods profitable?
No. Stryve Foods reported a net loss of $19.0 million in fiscal 2023, a net profit margin of −107.5%; its operating margin was −87.1%.
What is Stryve Foods's gross margin?
Stryve Foods's gross margin was 13.7% in fiscal 2023: for every $100 of revenue, Stryve Foods kept $14 after the direct cost of its products and services.
What are Stryve Foods's earnings per share?
Stryve Foods earned $-8.63 per diluted share in fiscal 2023, compared with $-14.24 a year earlier.
When does Stryve Foods's fiscal year end?
Stryve Foods's fiscal year ends in December. The latest annual report covers the year ended December 31, 2023 and was filed on April 1, 2024.