In a release on
Preliminary Financial Results:
-2013 revenue expected to be approximately
-Q4 2013 gross revenue expected to be approximately
-As anticipated, net loss for 2013 will be approximately
-At the end of Q3 2013, The Company's products were offered in 6,575 stores nationwide totaling 19,940 shelf placements, with an average of 3.03 SKUs per store.
-At the end of Q4 2013, The Company's products were offered in 7,040 stores with a total of 22,640 shelf placements and an average of 3.22 SKUs per store.
-The Company expects that distribution of MMMB products will increase at a significant double-digit rate in 2014.
-During 2013 the Company successfully raised
-The Company hopes to complete its current financing of approximately
-The Company recently secured a
-New Products tentatively scheduled to rollout in the First Quarter of 2014:
-Gluten-Free Slow Cooked Italian Sauce and Beef Meatballs
-Slow Cooked Italian Sauce and Gluten-Free Turkey Meatballs
-Mac 'n Mama's (Ziti with Crushed Meatballs and Sauce and Cheeses)
-Orrecchiette with Broccoli and Pork Meatballs
-Slow Cooked Italian Sauce and Antibiotic-Free Beef Meatballs
-Slow Cooked Italian Sauce and Antibiotic-Free Turkey Meatballs
-Five Cheese Stuffed Meatballs.
-The Company's co-packer substantially completed an automated manufacturing upgrade;
-New automated systems are expected reduce labor costs;
-The Company's third party manufacturer increased its manufacturing capacity by more than 150 percent percent.
Wolf continued, "We continue to make investments to grow the business and drive revenue. Our products are in an important category that stresses natural ingredients with a positive nutritional profile and a high level of convenience for active families in the U.S.,
MamaMancini's is a manufacturer and distributor of a line of all natural, beef meatballs with sauce, turkey meatballs with sauce, chicken meatballs with sauce, pork meatballs with sauce, and other similar Italian products.
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In a release on