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Naturally Splendid Enterprises Ltd V.NSP.H

Alternate Symbol(s):  NSPDF

Naturally Splendid Enterprises Ltd. is a Canada-based company, which develops and distributes healthy lifestyle foods and products. The Company owns Prosnack Natural Foods Inc. (Prosnack Natural Foods), a food manufacturing facility. Prosnack Natural Foods focusses on nutritional bars, Chii Naturally Pure Hemp, which is a retail line of hemp food products, while Pawsitive FX is a line of all natural balms for dogs. The Company has also developed technologies for the extraction of healthy omega three and six oils, as well as a protein concentrate from hemp. It focuses on manufacturing and distributing an extensive line of plant-based, meat-alternative entrees. It offers functional foods under brands, such as Natera Sport, Natera Hemp Foods, CHII and Elevate Me.


TSXV:NSP.H - Post by User

Comment by dontknowmuchon Jun 16, 2020 2:46pm
174 Views
Post# 31156882

RE:RE:2019 YE (Q4) Financials & MDA just posted :)

RE:RE:2019 YE (Q4) Financials & MDA just posted :)
therookouteast wrote: Hey DKM what’s your thoughts on these?

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Hey “therookouteast”,

In December I guessed at the 2019 Revenues and posted a few charts on Google Drive….I have updated them to show the Actual YE results. 

I thought the Q4 results might have been higher because of the new International Plant Based Nutrition client announced in Nov 2019 but once again I was overly optimistic about how soon a new client would have an effect on sales numbers. 

I have read through the FS/MD&A and like “adonis87” states “This report has good and bad.”  IMO the bad relates to cleaning up prior years decisions. 

I prefer to look forward rather than backwards and one of the main positives is the year after year of continuing increasing sales – see Chart 1 for a visual. 

I also like the fact that Contract manufacturing represents 57 % of revenue, while the remaining 43% can be attributed to Company Brands.  I believe that in spite of production shut downs for COVID-19 safety concerns NSP has retained all the Contract Manufacturing clients. 

At the same time Company Brands continue to grow – less reliance on orders from outside clients.  I believe that ProCurc is going to be a good selling product and that it will contribute to the continued growth of Company Brands.
 
The factory (and therefore the company) now boasts up to around 60 individual SKUs (stock keeping units) under four main brand categories and Naturally Splendid is also a contract manufacturer of food products for 12 companies, seven of which are significant, large players in the industry, says Goodwin.

Q1Y20 was off to a good start and I am looking forward to seeing the results on July 15th.  The average quarterly sales for 2019 were $759,378 and I think/hope Q1 sales will be close to that.

Q2 sales will of course be significantly lower due to COVID-19 pandemic and production shut downs. However, on May 19, 2020, the Company resumed production with limited employees to fulfill sales orders.

I remain optimistic about the future of NSP   :<)

*****

Be safe!

*****

Living in the sunshine
Always DYODD
DKM

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