BRC INC Reports 38.6% Increase in Revenue for Second Quarter of FY2023
August 21, 2023
☀️Earnings Overview
On June 30th 2023, BRC INC ($NYSE:BRCC) announced their earnings results for Q2 FY2023, showing total revenue of USD 92.0 million, a 38.6% increase from Q2 FY2022. The company’s net income for the second quarter was USD -4.2 million, an improvement from the -10.8 million reported in Q2 FY2022.
Analysis
GoodWhale’s analysis of BRC INC has revealed that it is a medium risk investment in terms of financial and business aspects. Financial statements are closely monitored to assess the overall risk and BRC INC has been found to have 2 risk warnings in their cashflow statement and financial journals. These potential risks may affect the company’s future development and profitability, and as such, it is important to take a closer look at these warnings. GoodWhale encourages investors to become a registered user in order to gain more insights into BRC INC’s financials. With this, investors will be able to identify the risks and take appropriate steps in assessing the level of risk associated with investing in BRC INC. It is also possible to make informed decisions that will benefit both the company and its investors. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brc Inc. More…
| Total Revenues | Net Income | Net Margin |
| 344.55 | -18.26 | -5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brc Inc. More…
| Operations | Investing | Financing |
| -102.11 | -30.83 | 59.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brc Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 264.99 | 195.68 | 0.37 |
Key Ratios Snapshot
Some of the financial key ratios for Brc Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 54.2% | – | -19.1% |
| FCF Margin | ROE | ROA |
| -38.6% | -178.4% | -15.5% |
Peers
The company has a wide array of products that include fresh milk, yogurt, cheese, ice cream, and other dairy products. The company operates in three segments: fresh milk, processed milk, and dairy products. BRC Inc competes with The a2 Milk Co Ltd, Pengdu Agriculture & Animal Husbandry Co Ltd, and Inner Mongolia Yili Industrial Group Co Ltd in the Chinese dairy market.
– The a2 Milk Co Ltd ($ASX:A2M)
The a2 Milk Co Ltd is a dual-listed public company that operates in the dairy industry. The company has a market capitalization of 4.26 billion as of 2022 and a return on equity of 9.93%. The company was founded in 2000 and is headquartered in New Zealand. The company operates in two segments: Dairy and Ingredients, and Infant Nutrition. The company offers a range of dairy products, including milk, cheese, butter, and infant formula. The company also supplies milk powder to the global infant formula market.
– Pengdu Agriculture & Animal Husbandry Co Ltd ($SZSE:002505)
Pengdu Agriculture & Animal Husbandry Co Ltd is a Chinese company that produces and sells animal feed and agricultural products. The company has a market cap of 17.85 billion as of 2022 and a return on equity of 7.45%. The company’s products include pig feed, chicken feed, and fish feed. The company also produces and sells other agricultural products such as corn, wheat, and soybeans.
– Inner Mongolia Yili Industrial Group Co Ltd ($SHSE:600887)
Inner Mongolia Yili Industrial Group Co Ltd is a China-based company principally engaged in the manufacture and sale of dairy products. The Company operates its businesses through six segments. The Dairy Products segment is engaged in the production and sale of various kinds of dairy products, including milk powder, liquid milk, yogurt, cheese and ice cream. The Infant Formula Milk Powder segment is engaged in the production and sale of infant formula milk powder. The Functional Dairy Drinks segment is engaged in the production and sale of functional dairy drinks. The Raw Milk segment is engaged in the purchase and sale of raw milk. The Animal Husbandry segment is engaged in the breeding of dairy cows and the sale of dairy cows and dairy cow feed. The Others segment is engaged in the operation of water business and the provision of information technology (IT) services.
Summary
Investors should take note of BRC INC‘s Q2 FY2023 earnings results, which showed a substantial 38.6% increase in total revenue, coming in at USD 92 million. Going forward, investors should watch the company’s financials and strategy to gain further insight into the company’s progress.
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