Mama's Creations (MAMA) investor relations material

Executive summary

• Revenue for Q2 FY2027 grew 55% year-over-year to $54.6 million, driven by new branded launches, expanded distribution, and acquisitions including Bay Shore and Crown 1.

• Net income doubled to $2.6 million, with adjusted EBITDA up 69% to $5.5 million, and operating expenses declined as a percentage of revenue.

• Cash balance surged to $138.6 million, primarily from a $108.6 million equity raise and $11.9 million in operating cash flow.

• Major new wins included first-time distribution at Kroger, a nationwide Costco MVM promotion, and expanded placements in Sam's Club and other banners.

• Opened expanded East Rutherford facility, launched innovation lab, and hired first Chief People Officer.

Financial highlights

• Revenue: $54.6 million, up 55% year-over-year; gross profit: $13.1 million (24% margin), up 49.1%.

• Net income: $2.6 million (4.7% of revenue), up 100.9% year-over-year; adjusted EBITDA: $5.5 million (10.1% margin), up 68.9%.

• Operating expenses: $10.1 million, 18.5% of revenue, down 160 bps year-over-year.

• Cash and equivalents: $138.6 million at quarter-end, up from $20.0 million at the start of the year.

• Six-month net sales: $107.3 million; net income: $4.6 million; net cash from operations: $11.9 million.

Outlook and guidance

• Confident in sustaining double-digit, profitable revenue growth, with focus on optimizing facilities, accelerating retail distribution, and accretive M&A.

• Targeting mid to high 20% corporate gross margin as product mix and facility absorption improve.

• Sufficient cash resources for at least the next twelve months; may seek additional funding for growth.

• Ongoing focus on offsetting rising input costs through efficiencies and price increases.