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SOVO Financial Statements and Analysis

NASDAQ : SOVO

Sovos Brands, Inc.

$22.98
0.03+0.13%
At Close 4:00 PM
Not Actively Trading
70.27
B+ESG ScoreESG Rating

SOVO FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

SOVO Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

DateDec 30, 2023Sep 30, 2023Jul 01, 2023Apr 01, 2023Dec 31, 2022
reported currencyUSDUSDUSDUSDUSD
calendar year20232023202320232022
periodQ4Q3Q2Q1Q4
revenue292.051M257.944M217.635M252.791M262.098M
cost of revenue210.481M181.451M146.928M181.979M186.181M
gross profit81.57M76.493M70.707M70.812M75.917M
gross profit ratio0.2790.2970.3250.280.29
research and development expenses00000
general and administrative expenses00000
selling and marketing expenses00000
selling general and administrative expenses32.80M58.471M47.633M43.414M45.696M
other expenses6.054M6.039M6.004M5.98M7.173M
operating expenses32.80M64.51M53.637M49.394M52.869M
cost and expenses243.281M245.961M200.565M231.373M239.05M
interest income-26.00M8.621M8.678M8.701M0
interest expense5.999M8.621M8.678M8.701M9.437M
depreciation and amortization8.468M8.45M8.564M8.469M7.173M
ebitda57.238M20.433M25.634M29.887M30.221M
ebitda ratio0.1960.0790.1180.1180.115
operating income48.77M11.983M17.07M21.418M23.048M
operating income ratio0.1670.0460.0780.0850.088
total other income expenses net-26.756M-8.621M-8.678M-8.701M-60.728M
income before tax22.014M3.362M8.392M12.717M-37.68M
income before tax ratio0.0750.0130.0390.05-0.144
income tax expense6.501M1.936M3.003M4.871M-8.993M
net income15.513M1.426M5.389M7.846M-28.687M
net income ratio0.0530.0060.0250.031-0.109
eps0.150.010.050.08-0.28
eps diluted0.150.010.050.08-0.28
weighted average shs out101.435M101.328M101.265M101.186M100.962M
weighted average shs out dil104.019M103.775M103.272M101.508M100.962M
Graph

SOVO Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

DateDec 30, 2023Sep 30, 2023Jul 01, 2023Apr 01, 2023Dec 31, 2022
reported currencyUSDUSDUSDUSDUSD
calendar year20232023202320232022
periodQ4Q3Q2Q1Q4
cash and cash equivalents231.988M202.524M169.625M153.638M138.654M
short term investments03.251M3.108M2.059M0
cash and short term investments231.988M202.524M169.625M153.638M138.654M
net receivables97.655M96.962M67.891M93.447M87.695M
inventory95.515M80.629M107.553M86.727M92.602M
other current assets7.843M7.326M8.708M12.382M11.974M
total current assets433.001M387.441M353.777M346.194M330.925M
property plant equipment net76.146M74.437M74.131M75.999M77.649M
goodwill395.399M395.399M395.399M395.399M395.399M
intangible assets329.122M334.728M340.335M345.941M351.547M
goodwill and intangible assets724.521M730.127M735.734M741.34M746.946M
long term investments0-60.032M-62.502M856.00K0
tax assets24.063M60.032M62.502M64.269M0
other non current assets1.313M1.42M2.392M-62.64M3.279M
total non current assets826.043M805.984M812.257M819.824M827.874M
other assets00000
total assets1.259B1.193B1.166B1.166B1.159B
account payables64.486M81.144M47.155M55.349M49.264M
short term debt3.459M3.247M3.285M3.459M3.407M
tax payables00000
deferred revenue0-29.794M-3.205M063.644M
other current liabilities81.356M73.568M58.672M57.679M5.927M
total current liabilities149.301M128.165M105.907M116.487M122.242M
long term debt476.245M495.455M495.369M495.784M496.407M
deferred revenue non current18.943M0000
deferred tax liabilities non current84.22M60.032M62.502M64.269M63.644M
other non current liabilities346.00K590.00K550.00K517.00K483.00K
total non current liabilities579.754M556.077M558.421M560.57M560.534M
other liabilities1.000000
capital lease obligations18.943M22.522M15.75M16.569M17.371M
total liabilities729.055M684.242M664.328M677.057M682.776M
preferred stock00000
common stock101.00K101.00K101.00K101.00K101.00K
retained earnings-73.117M-88.63M-90.056M-95.445M-103.291M
accumulated other comprehensive income loss882.00K1.754M2.07M1.133M1.549M
other total stockholders equity602.123M595.958M589.591M583.172M577.664M
total stockholders equity529.989M509.183M501.706M488.961M476.023M
total equity529.989M509.183M501.706M488.961M476.023M
total liabilities and stockholders equity1.259B1.193B1.166B1.166B1.159B
minority interest00000
total investments0-60.032M-62.502M2.915M0
total debt498.647M498.702M498.654M499.243M499.814M
net debt266.659M296.178M329.029M345.605M361.16M
Graph

SOVO Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

DateDec 30, 2023Sep 30, 2023Jul 01, 2023Apr 01, 2023Dec 31, 2022
reported currencyUSDUSDUSDUSDUSD
calendar year20232023202320232022
periodQ4Q3Q2Q1Q4
deferred income tax404.00K-2.366M-2.067M758.00K-2.147M
stock based compensation6.165M6.367M6.419M5.508M5.198M
change in working capital2.937M19.209M-3.439M-7.195M-14.665M
accounts receivables-693.00K-29.071M25.556M-5.752M-3.798M
inventory-15.533M26.144M-21.874M5.039M-14.068M
accounts payables10.206M7.343M-8.504M6.437M-3.122M
other working capital8.957M14.793M1.383M-12.919M6.323M
other non cash items817.00K3.351M2.54M1.791M49.242M
net cash provided by operating activities34.304M36.437M17.406M17.177M18.625M
investments in property plant and equipment-4.784M-3.506M-1.398M-2.173M-1.878M
acquisitions net000040.00M
purchases of investments00000
sales maturities of investments00000
other investing activites00000
net cash used for investing activites-4.784M-3.506M-1.398M-2.173M38.122M
debt repayment-56.00K-32.00K-21.00K-20.00K-19.00K
common stock issued00000
common stock repurchased00000
dividends paid00000
other financing activites00000
net cash used provided by financing activities-56.00K-32.00K-21.00K-20.00K-19.00K
effect of forex changes on cash-5.819M-18.592M000
net change in cash29.464M32.899M15.987M14.984M56.728M
cash at end of period231.988M202.524M169.625M153.638M138.654M
cash at beginning of period202.524M169.625M153.638M138.654M81.926M
operating cashflow34.304M36.437M17.406M17.177M18.625M
capital expenditure-4.784M-3.506M-1.398M-2.173M-1.878M
free cash flow29.52M32.931M16.008M15.004M16.747M
Graph

Frequently Asked Questions

How did Sovos Brands, Inc. do last quarter? What was its Total Revenue and Cost of Revenue?
A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, SOVO generated $292.05M in revenue last quarter, while its costs came in at $210.48M.
Last quarter, how much Gross Profit did Sovos Brands, Inc. report?
A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Sovos Brands, Inc. reported a $81.57M Gross Profit for the quarter ended Dec 30, 2023.
Have SOVO's Total Operating Expenses and Operating Income been favorable recently?
Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. SOVO incurred $32.80M worth of Operating Expenses, while it generated $48.77M worth of Operating Income.
How much Net Income has SOVO posted recently?
The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Sovos Brands, Inc., the company generated $15.51M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.
At the end of the last quarter, how much Cash and Equivalents did Sovos Brands, Inc. have?
The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Sovos Brands, Inc. as of the end of the last quarter was $231.99M.
What are SOVO's Total Net Receivables for the last quarter?
Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, SOVO had Total Net Receivables of $97.66M.
In terms of Total Assets and Current Assets, where did Sovos Brands, Inc. stand at?
An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of SOVO were $433.00M, while the Total Assets stand at $1.26B.
As of the last quarter, how much Total Debt did Sovos Brands, Inc. have?
The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of SOVO's debt was $498.65M at the end of the last quarter.
What were SOVO's Total Liabilities during the last reported quarter?
A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, SOVO reported total liabilities of $729.06M.
How much did SOVO's Working Capital change over the last quarter?
Working Capital Change for SOVO was $2.94M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.
SOVO generated how much cash from operating activities?
An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. SOVO generated $34.30M of Cash from Operating Activities during its recently reported quarter.
What was SOVO's latest reported Net Change in Cash?
An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. SOVO reported a $29.46M Net Change in Cash in the most recent quarter.
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