)
Visual
test
good natured Products
good natured Products (GDNP) investor relations material
good natured Products has been delisted
good natured Products Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2024 earnings summary28 Aug, 2024
Executive summary
Q2 2024 revenue was $16.0 million, down 13% year-over-year but up 14% sequentially from Q1 2024.
Adjusted EBITDA reached $0.54 million, marking the eleventh consecutive quarter of positive Adjusted EBITDA.
Net loss narrowed to $1.0 million from $3.6 million in Q2 2023, mainly due to improved gross margin and lower SG&A.
Company entered CCAA proceedings to restructure financial affairs, with a stay of proceedings extended to October 25, 2024.
Financial highlights
Variable gross margin was 36.6%, consistent with 36.5% in Q2 2023; gross margin improved to 26.6% from 25.5%.
SG&A expenses excluding one-time and acquisition costs were $2.8 million, down 18% year-over-year.
Cash used in operating activities was $2.5 million, with an ending cash balance of $1.4 million.
Net working capital deficit increased to ($57.8) million, mainly due to reclassification of debt as current.
Total asset to liability ratio was 1.12 as of June 30, 2024.
Outlook and guidance
Focus remains on prioritizing growth-oriented and profitable business groups and identifying transformative initiatives.
Company continues to operate under CCAA protection while pursuing a sale or investment transaction.
What is the SISP completion outlook
How to offset US Food Producer revenue decline?
Strategy to improve negative working capital?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
good natured Products
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage