Sow Good Inc. (SOWG) 10-Year Financial Performance & Capital Metrics

SOWG • • Industrial / General

Consumer DefensivePackaged FoodsSnack Foods & BakerySnack Food Manufacturers

AboutSow Good Inc. provides freeze-dried snacks, smoothies, soups, and granola in the United States. The company markets its products through direct-to-consumer focused website, as well as through the business-to-business sales channel. It offers its products under the Sow Good and Sustain Us brands. The company was formerly known as Black Ridge Oil & Gas, Inc. and changed its name to Sow Good Inc. in January 2021. Sow Good Inc. was founded in 2010 and is based in Irving, Texas.Show more

Revenue $32M +99.1%
EBITDA $443K +158.2%
Net Income -$4M -21.0%
EPS (Diluted) -0.40 +32.2%
Gross Margin 40.56% +33.5%
EBITDA Margin 1.38% +129.2%
Operating Margin -4.86% +36.0%
Net Margin -11.57% +39.2%
ROE -18.86% +68.9%
ROIC -3.57% +52.2%
Debt/Equity 0.64 -60.9%
Interest Coverage -1.06 -60.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 132.9%
✓Trading at only 0.2x book value

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 78.7% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.25%

5Y132.93%

3Y612.52%

TTM-81.88%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1318.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM-806.28%

ROCE

10Y Avg-115.97%

5Y Avg-41.2%

3Y Avg-38.5%

Latest-4.94%

Peer Comparison

Snack Food Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UTZUtz Brands, Inc.	910.98M	10.41	54.79	-2.01%	0.39%	0.41%	0.83%	0.68
JJSFJ&J Snack Foods Corp.	1.87B	98.37	29.28	0.54%	4.14%	6.79%	4.4%	0.17
SNAXStryve Foods, Inc.	12.14K	0.00	-0.00	-40.86%	-79.07%	-211.24%		15.06
SOWGSow Good Inc.	9.78M	0.80	-2	99.07%	-300.69%	-114.52%		0.64

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	15.1M	1.05M	1M	0	466.6K	0	88.44K	428.13K	16.07M	31.99M
Revenue Growth %	-0.28%	-0.93%	-0.05%	-1%	-	-1%	-	3.84%	36.54%	0.99%
Cost of Goods Sold+	5.34M	1.48M	10.85K	9.47K	872	3.64K	81.31K	308.29K	11.19M	19.02M
COGS % of Revenue	0.35%	1.41%	0.01%	-	0%	-	0.92%	0.72%	0.7%	0.59%
Gross Profit+	9.76M	-427.53K	989.15K	-9.47K	465.72K	-3.64K	7.13K	119.84K	4.88M	12.98M
Gross Margin %	0.65%	-0.41%	0.99%	-	1%	-	0.08%	0.28%	0.3%	0.41%
Gross Profit Growth %	-0.47%	-1.04%	3.31%	-1.01%	50.17%	-1.01%	2.96%	15.81%	39.73%	1.66%
Operating Expenses+	12.35M	2.53M	2.45M	2.58M	3.06M	3.01M	7.12M	11.01M	6.1M	14.53M
OpEx % of Revenue	0.82%	2.41%	2.45%	-	6.56%	-	80.45%	25.71%	0.38%	0.45%
Selling, General & Admin	3.02M	2.51M	2.44M	2.57M	1.67M	3.01M	5.38M	5.53M	5.93M	5.09M
SG&A % of Revenue	0.2%	2.39%	2.44%	-	3.57%	-	60.86%	12.93%	0.37%	0.16%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	9.33M	14.27K	10.85K	0	1.4M	0	1.73M	5.47M	168.27K	9.44M
Operating Income+	-68.81M	-1.48M	-1.45M	-2.58M	-2.6M	-3.01M	-7.11M	-10.89M	-1.22M	-1.56M
Operating Margin %	-4.56%	-1.41%	-1.45%	-	-5.56%	-	-80.37%	-25.43%	-0.08%	-0.05%
Operating Income Growth %	-6.64%	0.98%	0.02%	-0.78%	-0.01%	-0.16%	-1.36%	-0.53%	0.89%	-0.27%
EBITDA+	-59.51M	-1.46M	-1.44M	-2.57M	-2.6M	-3.01M	-6.9M	-10.59M	-761.34K	442.81K
EBITDA Margin %	-3.94%	-1.39%	-1.44%	-	-5.56%	-	-78.01%	-24.73%	-0.05%	0.01%
EBITDA Growth %	-3.76%	0.98%	0.02%	-0.78%	-0.01%	-0.16%	-1.3%	-0.53%	0.93%	1.58%
D&A (Non-Cash Add-back)	9.29M	14.27K	10.85K	9.47K	872	3.64K	208.45K	299.55K	459.35K	2M
EBIT	-68.79M	40.14M	-136.71K	0	12.88M	-4.93M	-6.87M	-10.85M	-1.22M	-2.11M
Net Interest Income+	0	0	346.63K	0	51	-377.49K	-5.91K	-1.28M	-1.84M	-1.33M
Interest Income	0	0	355.34K	2.47M	51	8.68K	0	0	0	138.79K
Interest Expense	8.14M	0	8.71K	0	0	386.16K	5.91K	1.28M	1.84M	1.46M
Other Income/Expense	-8.12M	41.62M	1.31M	2.14M	15.48M	-2.31M	233.77K	-1.24M	-1.84M	-2.02M
Pretax Income+	-76.93M	40.14M	-145.43K	2.1M	12.88M	-5.32M	-6.87M	-12.13M	-3.06M	-3.58M
Pretax Margin %	-5.09%	38.25%	-0.15%	-	27.61%	-	-77.73%	-28.33%	-0.19%	-0.11%
Income Tax+	-6.59M	0	67.04K	575.87K	0	0	0	0	0	123.58K
Effective Tax Rate %	0.91%	0.75%	2.7%	-0.16%	0.32%	1%	1%	1%	1%	1.03%
Net Income+	-70.34M	29.95M	-392.53K	-344.01K	4.13M	-5.32M	-6.87M	-12.13M	-3.06M	-3.7M
Net Margin %	-4.66%	28.53%	-0.39%	-	8.85%	-	-77.73%	-28.33%	-0.19%	-0.12%
Net Income Growth %	-17.16%	1.43%	-1.01%	0.12%	13.01%	-2.29%	-0.29%	-0.76%	0.75%	-0.21%
Net Income (Continuing)	-70.34M	40.14M	-212.47K	-344.01K	12.88M	-5.32M	-6.87M	-12.13M	-3.06M	-3.7M
Discontinued Operations	0	0	0	0	-7.42M	0	0	0	0	0
Minority Interest	0	0	138.87M	140.74M	0	0	0	0	0	0
EPS (Diluted)+	-0.71	0.30	-0.01	-0.21	18.45	-3.03	-1.61	-2.51	-0.59	-0.40
EPS Growth %	-17.25%	1.42%	-1.03%	-	88.86%	-1.16%	0.47%	-0.56%	0.76%	0.32%
EPS (Basic)	-0.71	0.30	-0.01	-0.21	18.46	-3.03	-1.61	-2.51	-0.59	-0.40
Diluted Shares Outstanding	98.78M	98.79M	50.19M	1.6M	1.6M	1.89M	4.26M	4.84M	5.17M	9.24M
Basic Shares Outstanding	98.78M	98.79M	50.19M	1.6M	1.6M	1.89M	4.26M	4.84M	5.17M	9.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.46M	153.93K	1.57M	1.56M	156.41K	2.39M	4.89M	2.58M	10.24M	25.08M
Cash & Short-Term Investments	228.19K	66.27K	1.48M	1.5M	108.76K	2.19M	3.35M	276.46K	2.41M	3.72M
Cash Only	228.19K	66.27K	1.48M	1.5M	108.76K	1.91M	3.35M	276.46K	2.41M	3.72M
Short-Term Investments	0	0	0	0	0	280.42K	0	0	0	0
Accounts Receivable	0	765	1.61K	13	505	0	12.38K	191.02K	2.58M	460.15K
Days Sales Outstanding	-	0.27	0.59	-	0.4	-	51.1	162.85	58.56	5.25
Inventory	37.1K	0	0	0	0	141.37K	1.45M	1.97M	4.69M	20.31M
Days Inventory Outstanding	2.54	-	-	-	-	14.17K	6.52K	2.34K	152.87	389.87
Other Current Assets	6.19M	86.89K	18.68K	11.25K	0	0	0	0	0	0
Total Non-Current Assets+	31.85M	81.27K	138.99M	141.31M	6.99M	9.95M	9.21M	6.32M	11.25M	29.62M
Property, Plant & Equipment	31.85M	28.42K	10.7K	1.23K	6.4K	3.31M	4.01M	6.3M	10.9M	28.26M
Fixed Asset Turnover	0.47x	36.93x	93.48x	-	72.92x	-	0.02x	0.07x	1.47x	1.13x
Goodwill	0	0	0	0	0	6.41M	4.89M	0	0	0
Intangible Assets	0	0	0	0	0	219.65K	304.24K	0	0	0
Long-Term Investments	0	52.85K	138.98M	0	6.98M	0	0	0	0	0
Other Non-Current Assets	0	0	0	141.31M	0	10K	10K	24K	346.62K	1.36M
Total Assets+	38.31M	235.2K	140.56M	142.87M	7.15M	12.34M	14.1M	8.9M	21.49M	54.7M
Asset Turnover	0.39x	4.46x	0.01x	-	0.07x	-	0.01x	0.05x	0.75x	0.58x
Asset Growth %	-0.65%	-0.99%	596.61%	0.02%	-0.95%	0.73%	0.14%	-0.37%	1.41%	1.55%
Total Current Liabilities+	68.31M	36.56K	186.68K	659.35K	1.45M	622.79K	403.06K	890.18K	5.77M	7.36M
Accounts Payable	22.99K	21.56K	91.19K	31.94K	35.73K	325.12K	279.34K	392.69K	853.53K	1.37M
Days Payables Outstanding	1.57	5.33	3.07K	1.23K	14.95K	32.58K	1.25K	464.92	27.84	26.26
Short-Term Debt	60.35M	0	0	0	0	0	0	0	2.86M	2.42M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	7.94M	0	0	621.72K	14.22K	0	0	0	0	0
Current Ratio	0.09x	4.21x	8.39x	2.36x	0.11x	3.84x	12.14x	2.90x	1.77x	3.40x
Quick Ratio	0.09x	4.21x	8.39x	2.36x	0.11x	3.61x	8.53x	0.68x	0.96x	0.65x
Cash Conversion Cycle	-	-	-	-	-	-	5.31K	2.03K	183.59	368.86
Total Non-Current Liabilities+	368.09K	21.56K	91.19K	180.45K	0	1.66M	2.88M	5.2M	8.44M	15.34M
Long-Term Debt	0	0	0	0	0	262.93K	1.53M	3.9M	4.77M	150K
Capital Lease Obligations	0	0	0	0	0	1.4M	1.35M	1.3M	3.67M	15.19M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	368.09K	0	0	0	0	0	0	0	0	0
Total Liabilities	68.68M	36.56K	186.68K	659.35K	1.45M	2.29M	3.28M	6.09M	14.21M	22.71M
Total Debt+	60.35M	0	0	0	0	1.7M	2.93M	5.25M	11.84M	20.36M
Net Debt	60.12M	-66.27K	-1.48M	-1.5M	-108.76K	-210.07K	-420.27K	4.97M	9.43M	16.64M
Debt / Equity	-	-	-	-	-	0.17x	0.27x	1.87x	1.63x	0.64x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	45.99x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	37.58x
Interest Coverage	-8.46x	-	-166.70x	-	-	-7.79x	-1202.49x	-8.52x	-0.66x	-1.06x
Total Equity+	-30.37M	198.64K	140.37M	142.21M	5.7M	10.06M	10.82M	2.81M	7.28M	31.99M
Equity Growth %	-1.77%	1.01%	705.67%	0.01%	-0.96%	0.76%	0.08%	-0.74%	1.59%	3.39%
Book Value per Share	-0.31	0.00	2.80	88.86	3.56	5.33	2.54	0.58	1.41	3.46
Total Shareholders' Equity	-30.37M	198.64K	1.5M	1.47M	5.7M	10.06M	10.82M	2.81M	7.28M	31.99M
Common Stock	47.98K	47.98K	479.8K	479.85K	1.6K	2.74K	4.81K	4.85K	6.03K	11.3K
Retained Earnings	-64.7M	-34.75M	-35.14M	-35.49M	-31.36M	-36.68M	-43.55M	-55.68M	-58.74M	-62.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	138.87M	140.74M	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	15.62M	2.95M	-792.28K	-187.94K	-9.71M	-1.74M	-5.55M	-5.15M	-4.85M	-9.43M
Operating CF Margin %	1.03%	2.81%	-0.79%	-	-20.81%	-	-62.77%	-12.02%	-0.3%	-0.29%
Operating CF Growth %	0.75%	-0.81%	-1.27%	0.76%	-50.67%	0.82%	-2.18%	0.07%	0.06%	-0.95%
Net Income	-70.34M	40.14M	-212.47K	1.52M	17.85M	-5.32M	-6.87M	-12.13M	-3.06M	-3.7M
Depreciation & Amortization	16.3K	14.27K	10.85K	9.47K	872	3.64K	208.45K	321.15K	527.82K	2M
Stock-Based Compensation	623.7K	626.6K	574.85K	310.73K	100.53K	726.66K	1.38M	1.71M	1.89M	5.6M
Deferred Taxes	-6.59M	0	-1.54M	0	-27.77M	-726.66K	-1.38M	-862.08K	0	0
Other Non-Cash Items	91.13M	-37.17M	219.51K	-2.23M	100.53K	3.23M	2.66M	6.11M	1.52M	1.83M
Working Capital Changes	785.18K	-36.99K	150.28K	507.83K	7.36K	340.74K	-1.55M	-294.11K	-5.72M	-15.15M
Change in Receivables	702.02K	0	765	1.6K	-492	505	-12.38K	-183.04K	-2.39M	1.93M
Change in Inventory	0	0	0	397.85K	0	-141.37K	-1.31M	-520.98K	-4.11M	-17.34M
Change in Payables	80.47K	-1.43K	69.62K	89.27K	3.79K	152.28K	-45.78K	173.27K	400.93K	514.47K
Cash from Investing+	-20.59M	-4.77M	-137.61M	213.9K	6.88M	3.28M	-653.05K	-2.62M	-2.27M	-5.93M
Capital Expenditures	-20.71M	-1.54K	0	0	-6.05K	-1.05M	-1.07M	-2.69M	-2.27M	-3.27M
CapEx % of Revenue	1.37%	0%	-	-	0.01%	-	12.07%	6.28%	0.14%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	127.35K	-4.76M	-138.69M	213.9K	16.88M	3.28M	0	0	0	-2.66M
Cash from Financing+	5.1M	1.65M	139.81M	450	1.43M	262.93K	7.64M	4.7M	9.25M	16.67M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-50K	1.65M	134.76M	450	1.43M	0	0	0	0	373.86K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-5.09M	2.95M	-792.28K	-187.94K	-9.72M	-2.8M	-6.62M	-7.83M	-7.11M	-12.7M
FCF Margin %	-0.34%	2.81%	-0.79%	-	-20.82%	-	-74.84%	-18.3%	-0.44%	-0.4%
FCF Growth %	0.68%	1.58%	-1.27%	0.76%	-50.7%	0.71%	-1.37%	-0.18%	0.09%	-0.79%
FCF per Share	-0.05	0.03	-0.02	-0.12	-6.07	-1.48	-1.55	-1.62	-1.38	-1.37
FCF Conversion (FCF/Net Income)	-0.22x	0.10x	2.02x	0.55x	-2.35x	0.33x	0.81x	0.42x	1.58x	2.55x
Interest Paid	0	0	0	0	0	0	0	0	0	667.29K
Taxes Paid	0	0	0	0	0	0	0	0	0	130K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1569.01%	15075.64%	-0.56%	-0.24%	5.59%	-67.55%	-65.86%	-177.93%	-60.65%	-18.86%
Return on Invested Capital (ROIC)	-85.42%	-7.42%	-1.57%	-1.38%	-2.66%	-29.25%	-52.66%	-89.79%	-7.47%	-3.57%
Gross Margin	64.64%	-40.74%	98.92%	-	99.81%	-	8.06%	27.99%	30.38%	40.56%
Net Margin	-465.67%	2853.47%	-39.25%	-	885.24%	-	-7772.68%	-2832.55%	-19.04%	-11.57%
Debt / Equity	-	-	-	-	-	0.17x	0.27x	1.87x	1.63x	0.64x
Interest Coverage	-8.46x	-	-166.70x	-	-	-7.79x	-1202.49x	-8.52x	-0.66x	-1.06x
FCF Conversion	-0.22x	0.10x	2.02x	0.55x	-2.35x	0.33x	0.81x	0.42x	1.58x	2.55x
Revenue Growth	-28.42%	-93.05%	-4.71%	-100%	-	-100%	-	384.09%	3653.73%	99.07%

Frequently Asked Questions

Growth & Financials

Sow Good Inc. (SOWG) reported $7.3M in revenue for fiscal year 2024. This represents a 279% increase from $1.9M in 2011.

Sow Good Inc. (SOWG) grew revenue by 99.1% over the past year. This is strong growth.

Sow Good Inc. (SOWG) reported a net loss of $21.9M for fiscal year 2024.

Dividend & Returns

Sow Good Inc. (SOWG) has a return on equity (ROE) of -18.9%. Negative ROE indicates the company is unprofitable.

Sow Good Inc. (SOWG) had negative free cash flow of $8.4M in fiscal year 2024, likely due to heavy capital investments.

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Sow Good Inc. (SOWG) 10-Year Financial Performance & Capital Metrics

SOWG • • Industrial / General

Consumer DefensivePackaged FoodsSnack Foods & BakerySnack Food Manufacturers

Revenue $32M +99.1%
EBITDA $443K +158.2%
Net Income -$4M -21.0%
EPS (Diluted) -0.40 +32.2%
Gross Margin 40.56% +33.5%
EBITDA Margin 1.38% +129.2%
Operating Margin -4.86% +36.0%
Net Margin -11.57% +39.2%
ROE -18.86% +68.9%
ROIC -3.57% +52.2%
Debt/Equity 0.64 -60.9%
Interest Coverage -1.06 -60.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 132.9%
✓Trading at only 0.2x book value

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 78.7% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.25%

5Y132.93%

3Y612.52%

TTM-81.88%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1318.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM-806.28%

ROCE

10Y Avg-115.97%

5Y Avg-41.2%

3Y Avg-38.5%

Latest-4.94%

Peer Comparison

Snack Food Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UTZUtz Brands, Inc.	910.98M	10.41	54.79	-2.01%	0.39%	0.41%	0.83%	0.68
JJSFJ&J Snack Foods Corp.	1.87B	98.37	29.28	0.54%	4.14%	6.79%	4.4%	0.17
SNAXStryve Foods, Inc.	12.14K	0.00	-0.00	-40.86%	-79.07%	-211.24%		15.06
SOWGSow Good Inc.	9.78M	0.80	-2	99.07%	-300.69%	-114.52%		0.64

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	15.1M	1.05M	1M	0	466.6K	0	88.44K	428.13K	16.07M	31.99M
Revenue Growth %	-0.28%	-0.93%	-0.05%	-1%	-	-1%	-	3.84%	36.54%	0.99%
Cost of Goods Sold+	5.34M	1.48M	10.85K	9.47K	872	3.64K	81.31K	308.29K	11.19M	19.02M
COGS % of Revenue	0.35%	1.41%	0.01%	-	0%	-	0.92%	0.72%	0.7%	0.59%
Gross Profit+	9.76M	-427.53K	989.15K	-9.47K	465.72K	-3.64K	7.13K	119.84K	4.88M	12.98M
Gross Margin %	0.65%	-0.41%	0.99%	-	1%	-	0.08%	0.28%	0.3%	0.41%
Gross Profit Growth %	-0.47%	-1.04%	3.31%	-1.01%	50.17%	-1.01%	2.96%	15.81%	39.73%	1.66%
Operating Expenses+	12.35M	2.53M	2.45M	2.58M	3.06M	3.01M	7.12M	11.01M	6.1M	14.53M
OpEx % of Revenue	0.82%	2.41%	2.45%	-	6.56%	-	80.45%	25.71%	0.38%	0.45%
Selling, General & Admin	3.02M	2.51M	2.44M	2.57M	1.67M	3.01M	5.38M	5.53M	5.93M	5.09M
SG&A % of Revenue	0.2%	2.39%	2.44%	-	3.57%	-	60.86%	12.93%	0.37%	0.16%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	9.33M	14.27K	10.85K	0	1.4M	0	1.73M	5.47M	168.27K	9.44M
Operating Income+	-68.81M	-1.48M	-1.45M	-2.58M	-2.6M	-3.01M	-7.11M	-10.89M	-1.22M	-1.56M
Operating Margin %	-4.56%	-1.41%	-1.45%	-	-5.56%	-	-80.37%	-25.43%	-0.08%	-0.05%
Operating Income Growth %	-6.64%	0.98%	0.02%	-0.78%	-0.01%	-0.16%	-1.36%	-0.53%	0.89%	-0.27%
EBITDA+	-59.51M	-1.46M	-1.44M	-2.57M	-2.6M	-3.01M	-6.9M	-10.59M	-761.34K	442.81K
EBITDA Margin %	-3.94%	-1.39%	-1.44%	-	-5.56%	-	-78.01%	-24.73%	-0.05%	0.01%
EBITDA Growth %	-3.76%	0.98%	0.02%	-0.78%	-0.01%	-0.16%	-1.3%	-0.53%	0.93%	1.58%
D&A (Non-Cash Add-back)	9.29M	14.27K	10.85K	9.47K	872	3.64K	208.45K	299.55K	459.35K	2M
EBIT	-68.79M	40.14M	-136.71K	0	12.88M	-4.93M	-6.87M	-10.85M	-1.22M	-2.11M
Net Interest Income+	0	0	346.63K	0	51	-377.49K	-5.91K	-1.28M	-1.84M	-1.33M
Interest Income	0	0	355.34K	2.47M	51	8.68K	0	0	0	138.79K
Interest Expense	8.14M	0	8.71K	0	0	386.16K	5.91K	1.28M	1.84M	1.46M
Other Income/Expense	-8.12M	41.62M	1.31M	2.14M	15.48M	-2.31M	233.77K	-1.24M	-1.84M	-2.02M
Pretax Income+	-76.93M	40.14M	-145.43K	2.1M	12.88M	-5.32M	-6.87M	-12.13M	-3.06M	-3.58M
Pretax Margin %	-5.09%	38.25%	-0.15%	-	27.61%	-	-77.73%	-28.33%	-0.19%	-0.11%
Income Tax+	-6.59M	0	67.04K	575.87K	0	0	0	0	0	123.58K
Effective Tax Rate %	0.91%	0.75%	2.7%	-0.16%	0.32%	1%	1%	1%	1%	1.03%
Net Income+	-70.34M	29.95M	-392.53K	-344.01K	4.13M	-5.32M	-6.87M	-12.13M	-3.06M	-3.7M
Net Margin %	-4.66%	28.53%	-0.39%	-	8.85%	-	-77.73%	-28.33%	-0.19%	-0.12%
Net Income Growth %	-17.16%	1.43%	-1.01%	0.12%	13.01%	-2.29%	-0.29%	-0.76%	0.75%	-0.21%
Net Income (Continuing)	-70.34M	40.14M	-212.47K	-344.01K	12.88M	-5.32M	-6.87M	-12.13M	-3.06M	-3.7M
Discontinued Operations	0	0	0	0	-7.42M	0	0	0	0	0
Minority Interest	0	0	138.87M	140.74M	0	0	0	0	0	0
EPS (Diluted)+	-0.71	0.30	-0.01	-0.21	18.45	-3.03	-1.61	-2.51	-0.59	-0.40
EPS Growth %	-17.25%	1.42%	-1.03%	-	88.86%	-1.16%	0.47%	-0.56%	0.76%	0.32%
EPS (Basic)	-0.71	0.30	-0.01	-0.21	18.46	-3.03	-1.61	-2.51	-0.59	-0.40
Diluted Shares Outstanding	98.78M	98.79M	50.19M	1.6M	1.6M	1.89M	4.26M	4.84M	5.17M	9.24M
Basic Shares Outstanding	98.78M	98.79M	50.19M	1.6M	1.6M	1.89M	4.26M	4.84M	5.17M	9.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.46M	153.93K	1.57M	1.56M	156.41K	2.39M	4.89M	2.58M	10.24M	25.08M
Cash & Short-Term Investments	228.19K	66.27K	1.48M	1.5M	108.76K	2.19M	3.35M	276.46K	2.41M	3.72M
Cash Only	228.19K	66.27K	1.48M	1.5M	108.76K	1.91M	3.35M	276.46K	2.41M	3.72M
Short-Term Investments	0	0	0	0	0	280.42K	0	0	0	0
Accounts Receivable	0	765	1.61K	13	505	0	12.38K	191.02K	2.58M	460.15K
Days Sales Outstanding	-	0.27	0.59	-	0.4	-	51.1	162.85	58.56	5.25
Inventory	37.1K	0	0	0	0	141.37K	1.45M	1.97M	4.69M	20.31M
Days Inventory Outstanding	2.54	-	-	-	-	14.17K	6.52K	2.34K	152.87	389.87
Other Current Assets	6.19M	86.89K	18.68K	11.25K	0	0	0	0	0	0
Total Non-Current Assets+	31.85M	81.27K	138.99M	141.31M	6.99M	9.95M	9.21M	6.32M	11.25M	29.62M
Property, Plant & Equipment	31.85M	28.42K	10.7K	1.23K	6.4K	3.31M	4.01M	6.3M	10.9M	28.26M
Fixed Asset Turnover	0.47x	36.93x	93.48x	-	72.92x	-	0.02x	0.07x	1.47x	1.13x
Goodwill	0	0	0	0	0	6.41M	4.89M	0	0	0
Intangible Assets	0	0	0	0	0	219.65K	304.24K	0	0	0
Long-Term Investments	0	52.85K	138.98M	0	6.98M	0	0	0	0	0
Other Non-Current Assets	0	0	0	141.31M	0	10K	10K	24K	346.62K	1.36M
Total Assets+	38.31M	235.2K	140.56M	142.87M	7.15M	12.34M	14.1M	8.9M	21.49M	54.7M
Asset Turnover	0.39x	4.46x	0.01x	-	0.07x	-	0.01x	0.05x	0.75x	0.58x
Asset Growth %	-0.65%	-0.99%	596.61%	0.02%	-0.95%	0.73%	0.14%	-0.37%	1.41%	1.55%
Total Current Liabilities+	68.31M	36.56K	186.68K	659.35K	1.45M	622.79K	403.06K	890.18K	5.77M	7.36M
Accounts Payable	22.99K	21.56K	91.19K	31.94K	35.73K	325.12K	279.34K	392.69K	853.53K	1.37M
Days Payables Outstanding	1.57	5.33	3.07K	1.23K	14.95K	32.58K	1.25K	464.92	27.84	26.26
Short-Term Debt	60.35M	0	0	0	0	0	0	0	2.86M	2.42M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	7.94M	0	0	621.72K	14.22K	0	0	0	0	0
Current Ratio	0.09x	4.21x	8.39x	2.36x	0.11x	3.84x	12.14x	2.90x	1.77x	3.40x
Quick Ratio	0.09x	4.21x	8.39x	2.36x	0.11x	3.61x	8.53x	0.68x	0.96x	0.65x
Cash Conversion Cycle	-	-	-	-	-	-	5.31K	2.03K	183.59	368.86
Total Non-Current Liabilities+	368.09K	21.56K	91.19K	180.45K	0	1.66M	2.88M	5.2M	8.44M	15.34M
Long-Term Debt	0	0	0	0	0	262.93K	1.53M	3.9M	4.77M	150K
Capital Lease Obligations	0	0	0	0	0	1.4M	1.35M	1.3M	3.67M	15.19M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	368.09K	0	0	0	0	0	0	0	0	0
Total Liabilities	68.68M	36.56K	186.68K	659.35K	1.45M	2.29M	3.28M	6.09M	14.21M	22.71M
Total Debt+	60.35M	0	0	0	0	1.7M	2.93M	5.25M	11.84M	20.36M
Net Debt	60.12M	-66.27K	-1.48M	-1.5M	-108.76K	-210.07K	-420.27K	4.97M	9.43M	16.64M
Debt / Equity	-	-	-	-	-	0.17x	0.27x	1.87x	1.63x	0.64x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	45.99x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	37.58x
Interest Coverage	-8.46x	-	-166.70x	-	-	-7.79x	-1202.49x	-8.52x	-0.66x	-1.06x
Total Equity+	-30.37M	198.64K	140.37M	142.21M	5.7M	10.06M	10.82M	2.81M	7.28M	31.99M
Equity Growth %	-1.77%	1.01%	705.67%	0.01%	-0.96%	0.76%	0.08%	-0.74%	1.59%	3.39%
Book Value per Share	-0.31	0.00	2.80	88.86	3.56	5.33	2.54	0.58	1.41	3.46
Total Shareholders' Equity	-30.37M	198.64K	1.5M	1.47M	5.7M	10.06M	10.82M	2.81M	7.28M	31.99M
Common Stock	47.98K	47.98K	479.8K	479.85K	1.6K	2.74K	4.81K	4.85K	6.03K	11.3K
Retained Earnings	-64.7M	-34.75M	-35.14M	-35.49M	-31.36M	-36.68M	-43.55M	-55.68M	-58.74M	-62.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	138.87M	140.74M	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	15.62M	2.95M	-792.28K	-187.94K	-9.71M	-1.74M	-5.55M	-5.15M	-4.85M	-9.43M
Operating CF Margin %	1.03%	2.81%	-0.79%	-	-20.81%	-	-62.77%	-12.02%	-0.3%	-0.29%
Operating CF Growth %	0.75%	-0.81%	-1.27%	0.76%	-50.67%	0.82%	-2.18%	0.07%	0.06%	-0.95%
Net Income	-70.34M	40.14M	-212.47K	1.52M	17.85M	-5.32M	-6.87M	-12.13M	-3.06M	-3.7M
Depreciation & Amortization	16.3K	14.27K	10.85K	9.47K	872	3.64K	208.45K	321.15K	527.82K	2M
Stock-Based Compensation	623.7K	626.6K	574.85K	310.73K	100.53K	726.66K	1.38M	1.71M	1.89M	5.6M
Deferred Taxes	-6.59M	0	-1.54M	0	-27.77M	-726.66K	-1.38M	-862.08K	0	0
Other Non-Cash Items	91.13M	-37.17M	219.51K	-2.23M	100.53K	3.23M	2.66M	6.11M	1.52M	1.83M
Working Capital Changes	785.18K	-36.99K	150.28K	507.83K	7.36K	340.74K	-1.55M	-294.11K	-5.72M	-15.15M
Change in Receivables	702.02K	0	765	1.6K	-492	505	-12.38K	-183.04K	-2.39M	1.93M
Change in Inventory	0	0	0	397.85K	0	-141.37K	-1.31M	-520.98K	-4.11M	-17.34M
Change in Payables	80.47K	-1.43K	69.62K	89.27K	3.79K	152.28K	-45.78K	173.27K	400.93K	514.47K
Cash from Investing+	-20.59M	-4.77M	-137.61M	213.9K	6.88M	3.28M	-653.05K	-2.62M	-2.27M	-5.93M
Capital Expenditures	-20.71M	-1.54K	0	0	-6.05K	-1.05M	-1.07M	-2.69M	-2.27M	-3.27M
CapEx % of Revenue	1.37%	0%	-	-	0.01%	-	12.07%	6.28%	0.14%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	127.35K	-4.76M	-138.69M	213.9K	16.88M	3.28M	0	0	0	-2.66M
Cash from Financing+	5.1M	1.65M	139.81M	450	1.43M	262.93K	7.64M	4.7M	9.25M	16.67M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-50K	1.65M	134.76M	450	1.43M	0	0	0	0	373.86K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-5.09M	2.95M	-792.28K	-187.94K	-9.72M	-2.8M	-6.62M	-7.83M	-7.11M	-12.7M
FCF Margin %	-0.34%	2.81%	-0.79%	-	-20.82%	-	-74.84%	-18.3%	-0.44%	-0.4%
FCF Growth %	0.68%	1.58%	-1.27%	0.76%	-50.7%	0.71%	-1.37%	-0.18%	0.09%	-0.79%
FCF per Share	-0.05	0.03	-0.02	-0.12	-6.07	-1.48	-1.55	-1.62	-1.38	-1.37
FCF Conversion (FCF/Net Income)	-0.22x	0.10x	2.02x	0.55x	-2.35x	0.33x	0.81x	0.42x	1.58x	2.55x
Interest Paid	0	0	0	0	0	0	0	0	0	667.29K
Taxes Paid	0	0	0	0	0	0	0	0	0	130K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1569.01%	15075.64%	-0.56%	-0.24%	5.59%	-67.55%	-65.86%	-177.93%	-60.65%	-18.86%
Return on Invested Capital (ROIC)	-85.42%	-7.42%	-1.57%	-1.38%	-2.66%	-29.25%	-52.66%	-89.79%	-7.47%	-3.57%
Gross Margin	64.64%	-40.74%	98.92%	-	99.81%	-	8.06%	27.99%	30.38%	40.56%
Net Margin	-465.67%	2853.47%	-39.25%	-	885.24%	-	-7772.68%	-2832.55%	-19.04%	-11.57%
Debt / Equity	-	-	-	-	-	0.17x	0.27x	1.87x	1.63x	0.64x
Interest Coverage	-8.46x	-	-166.70x	-	-	-7.79x	-1202.49x	-8.52x	-0.66x	-1.06x
FCF Conversion	-0.22x	0.10x	2.02x	0.55x	-2.35x	0.33x	0.81x	0.42x	1.58x	2.55x
Revenue Growth	-28.42%	-93.05%	-4.71%	-100%	-	-100%	-	384.09%	3653.73%	99.07%

Frequently Asked Questions

Growth & Financials

Sow Good Inc. (SOWG) reported $7.3M in revenue for fiscal year 2024. This represents a 279% increase from $1.9M in 2011.

Sow Good Inc. (SOWG) grew revenue by 99.1% over the past year. This is strong growth.

Sow Good Inc. (SOWG) reported a net loss of $21.9M for fiscal year 2024.

Dividend & Returns

Sow Good Inc. (SOWG) has a return on equity (ROE) of -18.9%. Negative ROE indicates the company is unprofitable.

Sow Good Inc. (SOWG) had negative free cash flow of $8.4M in fiscal year 2024, likely due to heavy capital investments.