LNDC - Landec Non-GAAP EPS of -$0.32 revenue of $43.35M

• Landec press release ( NASDAQ: LNDC ): Q1 Non-GAAP EPS of -$0.32.
• Revenue of $43.35M (+4.1% Y/Y).
• • Lifecore segment revenues increased 8.0% to $23.7 million in fiscal 2023 first quarter versus the prior year period
  • Lifecore segment EBITDA increased 8.1% to $2.5 million in fiscal 2023 first quarter versus the prior year period
• • Consolidated adjusted EBITDA of $(1.1) million, compared to $2.5 million in the prior year period

• FISCAL 2023 OUTLOOK:The Company is reiterating its full year fiscal 2023 guidance for its Lifecore and Corporate segments.

• Lifecore segment revenue: range of $122 million to $126 million (+12% to +15%)

• Lifecore segment adjusted EBITDA: range of $31.0 million to $32.5 million (+7% to +12%)

• Other segment (corporate expense): range of ($7.0) million to ($7.5) million

• Consolidated adjusted EBITDA: range of $23.5 million to $25.5 million

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