1Q22 Results. Lifeway reported mixed results in its delayed filing for the first quarter of 2022, which ended March 31, 2022. Revenue of $34.1 million came in above our $31 million expectation, but higher milk prices resulted in a net loss for the quarter of $895,000, or a loss of $0.06 per share, versus our projection of net income of $425,000, or $0.03 per share.The Positives. Core kefir revenue rose 8.9% to $26.4 million, driven by increased distribution and price increases implemented since 4Q21. GlenOaks drinkable yogurt added $1.5 million to the top line, accounting for 5% of revenues. The Company recently was awarded another rotation at a large retailer in the club channel and continues to expand its presence in away-from-home locations. Read More >>