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Sow Good Inc.
5/14/2025
Good morning, everyone, and thank you for participating in today's conference call to discuss Sol's Good financial results for first quarter ended March 31st, 2025. Joining us today are Sol Good co-founder and CEO, Claudia Goldfarb, and Interim Chief Financial Officer, Brandon Fisher. Following their remarks, we'll open the call for analyst questions. Before we go further, I would like to turn the call over to Mr. Slaw as he reads the company's safe harbor statement within the meaning of Private Securities Litigation Form Act of 1995 that provides important cautions regarding forward-looking statements. Cody, please go ahead.
Good morning, everyone, and thank you for joining us in today's conference call to discuss SoGood's financial results for the first quarter ended March 31st, 2025. Certain statements made during this call are forward-looking statements, including those concerning our financial outlook, our competitive landscape, market opportunities, and the impact of the global economic environment on our business. These statements are based on currently available information and assumptions, and we undertake no duty to update this information except as required by law. These statements are also subject to a number of risks and uncertainties, including those highlighted in today's earnings release and our filings with the SEC. Additional information concerning these statements and the risks and uncertainties associated with them is highlighted in today's earnings release and in our filings with the SEC. Copies are available on the SEC's website or on our investor relations website. Furthermore, we will discuss adjusted EBITDA, a non-GAAP financial measure on today's call. The reconciliation of adjusted EBITDA to net income or loss, the nearest comparable non-GAAP financial measure discussed on today's call, is available in our earnings press release at our investor relations website. With that, I will turn the call over to Claudia.
Thank you, Cody, and good morning, everyone, and thank you for joining us today. We're encouraged by the continued momentum in the first quarter of 2025. with a 79% increase in revenue from the fourth quarter of 2024. This tracked closely with the expectations we laid out during our last call. While there's still work to be done, Q1 delivered meaningful progress across key areas, particularly in operational execution and retail expansion. The strategic actions we took last year to make the business more agile and efficient are paying off. And we're seeing renewed consumer enthusiasm for our freeze-dried candy line. That said, we continue to feel the effects of global CPG giants entering the category we pioneered. These companies have used their scale and spending power to secure shelf space, often at the expense of smaller, more innovative brands like ours. But we believe the initial novelty and market impact of these launches is wearing off. As we gain momentum, it's clear that consumers are returning to our brand for our superior assortment, unmatched crunch, and ongoing innovation. I'll share more on the progress we're making shortly, but first I'll turn it over to Brendan to walk us through our Q1 financials.
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