Past Meat, Inc. (NASDAQ: BYND), a meals firm that gives plant-based meat merchandise, on Thursday reported a narrower web loss for the fourth quarter of 2024 amid a modest improve in revenues.
The corporate reported web revenues of $76.7 million for the fourth quarter, up 4% year-over-year. US Retail gross sales, which account for about 44% of whole revenues, grew 6% year-over-year.
Fourth-quarter web loss was $44.9 million or $0.65 per share, in comparison with web lack of $155.1 million or $2.40 per share within the year-ago interval. Adjusted EBITDA was a lack of $26.0 million within the December quarter, in comparison with an adjusted EBITDA lack of $125.1 million in This autumn 2023.