Tattooed Chef Reports First Quarter 2021 Financial Results

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Tattooed Chef (TTCF) Misses Q1 EPS by 11c, Revenues Beat; Offers FY21 Revenues Guidance Above Consensus

May 12, 2021 4:11 PM EDT

Tattooed Chef (NASDAQ: TTCF) reported Q1 EPS of ($0.10), $0.11 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $52.7 million versus the consensus estimate of $46.4 million.

Financial Highlights for the First Quarter of 2021 Compared to the First Quarter of 2020

Revenue was $52.7 million, a 59% increase compared to $33.2 million in the prior year period; Tattooed Chef branded product revenue was a record $36.0 million, an increase of 105% compared to $17.6 million in the prior year period.Gross profit was $13.7 million, or 26% gross margin, compared to $9.2 million, or 28% gross margin, in... More