TTCF - Tattooed Chef Brings Impressive Q4 Earnings -- What's next?
In this video, I will be going over Tattooed Chef (NASDAQ: TTCF) Q4 earnings report and guidance for 2021.
The plant-based food company reported revenues of $39.6 million -- a 1.4% beat. Branded revenues of $23.9 million -- up 172%. Gross profit margins were up 3% to 17.4%. The company also reaffirmed its annual guidance for 2021: revenue of $222 million -- an increase of 49% -- compared to fiscal year 2020, and gross profit margins in the range of 20-25%. If it can continue to grow at this pace, the company is well on its way to reach the 2026 goal of $1 billion in revenue.
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Tattooed Chef Brings Impressive Q4 Earnings -- What's next?