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SNAX

Stryve Foods, Inc.

SNAX

Stryve Foods, Inc. • NASDAQ
$0.00 ▲ 0.00% (+0.00)
Market Cap $2.42 M
52w High $0.98
52w Low $0.00
Dividend Yield 0%
P/E 0
Volume 109
Outstanding Shares 1.21B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2024 $5.701M ▼ $3.541M ▼ $-3.11M ▼ -54.552% ▼ $-0.95 ▼ $-1.703M ▲
Q2-2024 $6.178M ▲ $3.927M ▼ $-2.962M ▲ -47.944% ▲ $-0.91 ▲ $-1.721M ▲
Q1-2024 $4.598M ▲ $4.019M ▼ $-3.929M ▲ -85.45% ▲ $-1.42 ▲ $-2.77M ▲
Q4-2023 $2.887M ▼ $4.024M ▲ $-5.31M ▼ -183.928% ▼ $-2.19 ▼ $-3.491M ▼
Q3-2023 $4.18M $1.771M $-4.779M -114.33% $-2.14 $-2.998M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2024 $183.362K ▼ $31.457M ▼ $37.835M ▲ $-6.378B ▼
Q2-2024 $447.342K ▲ $31.895M ▼ $35.355M ▲ $-3.459M ▼
Q1-2024 $280.101K ▼ $31.938M ▼ $32.712M ▲ $-773.85K ▼
Q4-2023 $369.114K ▲ $32.712M ▼ $31.12M ▲ $1.591M ▼
Q3-2023 $226.475K $35.397M $29.663M $5.735M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2024 $-3.11M ▼ $-1.428M ▲ $-13.059K ▲ $1.177M ▼ $-264.342K ▼ $-1.441M ▲
Q2-2024 $-2.962M ▲ $-2.916M ▼ $-14.187K ▼ $3.098M ▲ $167.241K ▲ $-2.926M ▼
Q1-2024 $-3.929M ▲ $-790.401K ▲ $0 ▼ $701.388K ▼ $-89.013K ▼ $-790.401K ▲
Q4-2023 $-5.31M ▼ $-1.127M ▲ $58.861K ▲ $1.122M ▼ $142.639K ▲ $-1.068M ▲
Q3-2023 $-4.779M $-1.185M $-75.149K $1.166M $-93.707K $-1.271M

Revenue by Products

Product Q3-2021Q4-2021Q1-2022
eCommerce
eCommerce
 $0 ▲$0 ▲$0 ▲
Private Label
Private Label
 $0 ▲$0 ▲$0 ▲
Wholesale
Wholesale
 $10.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Stryve is still a small, early‑stage food company with modest sales and ongoing losses. Revenue has grown only gradually over the past few years and has not yet scaled to cover operating costs. Gross profitability has hovered near break‑even, which suggests limited pricing power and/or high production and selling costs at current volumes. Operating income and net income have been negative every year, though the size of the losses appears to be narrowing somewhat most recently. Overall, the income statement points to a business still in the investment and brand‑building phase, not yet at sustainable profitability.

Balance Sheet

Balance Sheet The balance sheet is thin, with a relatively small asset base and very limited cash reported. Debt is meaningful relative to the size of the company, which can constrain flexibility and increase financial risk if results do not improve. Shareholders’ equity has fluctuated around break‑even over the period, at times dipping negative, which reflects accumulated losses and balance‑sheet strain. This financial structure leaves the company sensitive to shocks and likely dependent on either improved profitability or outside capital over time.

Cash Flow

Cash Flow The business has consistently used cash rather than generated it. Operating cash flow has been negative each year, indicating that the core business is not yet self‑funding. Free cash flow is also negative, though capital spending itself has been modest, so the main driver is operating losses and working‑capital needs, not heavy investment in equipment. Persistent cash burn, combined with low reported cash balances, suggests an ongoing need to manage liquidity carefully and potentially seek financing or strategic options if growth does not quickly translate into better cash generation.

Competitive Edge

Competitive Edge Within its niche, Stryve has carved out a leading position in air‑dried meat snacks, especially biltong, where it has historically held a very large share of the U.S. market. Its proprietary, large‑scale production facility is a real asset: controlling manufacturing can support quality, cost, and reliability in ways that smaller or outsourced competitors may struggle to match. The company also benefits from a multi‑brand approach, allowing it to target different consumer segments and flavor preferences. On the other hand, overall category awareness in the U.S. is still developing, and new biltong and premium snack entrants are appearing. This means Stryve’s early lead must be defended through branding, distribution, and ongoing product innovation rather than taken for granted.

Innovation and R&D

Innovation and R&D Innovation is central to Stryve’s story. The company has brought a relatively new product type—biltong—to mainstream U.S. shelves, emphasizing high protein and cleaner labels than traditional jerky. Its production know‑how and large air‑drying facility give it a technical and operational edge that is difficult to replicate quickly. Stryve continues to experiment with new flavors, formats, and even adjacent categories like protein powders, aiming to broaden its appeal in the health‑oriented snacking space. A key challenge is consumer education: many U.S. shoppers still do not know what biltong is or why it differs from jerky, so marketing and storytelling are as important as product development. The recent decision to explore strategic alternatives underscores both the potential of its platform and the need for capital and partners to fully realize it.

Summary

Stryve Foods combines an interesting, differentiated product and a strong niche position with a financially fragile profile. The company’s income statement shows steady but still small sales and ongoing losses; the balance sheet is light and levered, and cash flows remain negative. At the same time, Stryve has real competitive advantages in manufacturing scale, brand portfolio, and health‑focused positioning within a growing protein‑snack trend. The big questions ahead are whether it can convert these strengths into sustainable profitability, how quickly it can educate and expand its consumer base amid new competition, and what outcome will emerge from its exploration of strategic alternatives. Uncertainty is high, but so is the dependence on successful execution and access to capital.