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The Real Good Food Company (The Real Good Food Company) Net Income : $-15.2 Mil (TTM As of Sep. 2023)


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What is The Real Good Food Company Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. The Real Good Food Company's Net Income for the three months ended in Sep. 2023 was $-4.4 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-15.2 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. The Real Good Food Company's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $-0.50.


The Real Good Food Company Net Income Historical Data

The historical data trend for The Real Good Food Company's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Real Good Food Company Net Income Chart

The Real Good Food Company Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Net Income
-14.19 -15.56 -34.98 -10.98

The Real Good Food Company Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.15 -2.88 -3.69 -4.17 -4.44

The Real Good Food Company Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

The Real Good Food Company's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-45.666+0+0+34.684
=-11.0

The Real Good Food Company's Net Income for the quarter that ended in Sep. 2023 is calculated as

Net Income(Q: Sep. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-13.121+0+0+8.685
=-4.4

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Real Good Food Company  (NAS:RGF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

The Real Good Food Company's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


The Real Good Food Company Net Income Related Terms

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The Real Good Food Company (The Real Good Food Company) Business Description

Traded in Other Exchanges
N/A
Address
3 Executive Campus, Suite 155, Cherry Hill, NJ, USA, 08002
The Real Good Food Company Inc is an innovative, high-growth, branded, health- and wellness-focused frozen food company. It develops, markets, and manufactures delicious and convenient comfort foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients that are intended to be sold in the health and wellness segment of the frozen food category. All of its revenue is derived from the United States.
Executives
Bryan T. Freeman director, 10 percent owner, officer: See Remarks 3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
David Kanen 10 percent owner 6429 NW 65TH WAY, PARKLAND FL 33067
Philotimo Focused Growth & Income Fund 10 percent owner, other: See Explanation of Responses 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Kanen Wealth Management Llc 10 percent owner, other: See Explanation of Responses 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Philotimo Fund, Lp 10 percent owner, other: See Explanation of Responses 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Mark Joseph Nelson director LOCAL BOUNTI CORPORATION, 220 W MAIN STREET, HAMILTON MT 59840
Gerard Garfield Law director, officer: See Remarks 3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
De Cardenas Gilbert B. director 3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
Akshay Jagdale officer: Chief Financial Officer 3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
Strand Equity Partners Iii, Llc 10 percent owner 1888 CENTURY PARK EAST, SUITE 1440, LOS ANGELES CA 90067
Josh Schreider 10 percent owner 3 EXECUTIVE CAMPUS, SUITE 155, CHERRYL HILL NJ 08002
Awm Investment Company, Inc. 10 percent owner 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Andrew J Stiffelman 10 percent owner, officer: See Remarks 3 EXECUTIVE CAMPUS, SUITE 155, CHERRY HILL NJ 08002
Deanna T Brady director 1 HORMEL STREET, AUSTIN MN 55912
Seth Rodsky 10 percent owner 1888 CENTURY PARK EAST, SUITE 1440, LOS ANGELES CA 90067