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LNDC Landec

Landec Corp. engages in the design, development, manufacture, and sale of health and wellness products for food and biomaterials markets. It operates through the following segments: Curation Foods, Lifecore, and Others. The Curation Foods segment includes activities to market and pack specialty packaged whole and fresh-cut fruit and vegetables. The Lifecore segment sells products utilizing hyaluronan, a naturally occurring polysaccharide that is widely distributed in the extracellular matrix of connective tissues in both animals and humans. The Other segment consists of corporate general and administrative expenses, non-Curation Foods and non-Lifecore interest income, and income tax expenses. The company was founded by Ray Stewart on October 31, 1986 and is headquartered in Santa Maria, CA.

Company profile

Ticker
LNDC
Exchange
Website
CEO
Albert Bolles
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
943025618

LNDC stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Apr 21
17 Apr 21
30 May 21
Quarter (USD)
Feb 21 Nov 20 Aug 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
May 20 May 19 May 18 May 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Landec earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.25M 2.25M 2.25M 2.25M 2.25M 2.25M
Cash burn (monthly) 81K 46K 1.91M 4.79M 2.62M 175.25K
Cash used (since last report) 134.61K 76.44K 3.17M 7.96M 4.35M 291.23K
Cash remaining 2.11M 2.17M -917.77K -5.71M -2.1M 1.96M
Runway (months of cash) 26.1 47.2 -0.5 -1.2 -0.8 11.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Apr 21 John D Morberg Common Stock Buy Aquire P No No 10.98 2,000 21.96K 15,400
14 Apr 21 John D Morberg Common Stock Buy Aquire P No No 10.64 2,000 21.28K 13,400
14 Apr 21 Hall James G Common Stock Buy Aquire P No No 10.62 10,000 106.2K 39,151
14 Apr 21 Bolles Albert D. Common Stock Buy Aquire P No No 10.61 9,000 95.49K 45,152
13 Apr 21 John D Morberg Common Stock Buy Aquire P No No 10.18 2,000 20.36K 11,400

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

89.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 95 93 +2.2%
Opened positions 11 12 -8.3%
Closed positions 9 13 -30.8%
Increased positions 35 26 +34.6%
Reduced positions 32 41 -22.0%
13F shares
Current Prev Q Change
Total value 361.91M 321.54M +12.6%
Total shares 26.17M 26.99M -3.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Legion Partners Asset Management 2.9M $31.51M 0.0%
Wynnefield Capital 2.89M $31.31M +0.3%
Dimensional Fund Advisors 2.22M $24.08M -3.4%
BLK Blackrock 2.09M $22.69M +7.8%
Vanguard 1.67M $18.14M -19.6%
Russell Investments 1.43M $15.47M -49.4%
Heartland Advisors 1.23M $13.4M -0.2%
Cove Street Capital 1.12M $12.15M +69.6%
Investment Counselors Of Maryland 1.1M $11.95M +5.5%
Kennedy Capital Management 1.07M $11.62M +134.8%
Largest transactions
Shares Bought/sold Change
Russell Investments 1.43M -1.39M -49.4%
Kennedy Capital Management 1.07M +615.07K +134.8%
NWQ Investment Management 0 -552.54K EXIT
Cove Street Capital 1.12M +459.22K +69.6%
Vanguard 1.67M -406.67K -19.6%
Nuveen Asset Management 462.57K +332.3K +255.1%
BLK Blackrock 2.09M +151.08K +7.8%
Walthausen & Co. 426.57K -110.63K -20.6%
Norges Bank 105.04K +105.04K NEW
White Pine Capital 51.47K -103.14K -66.7%

Financial report summary

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Management Discussion
  • Curation Foods revenues consist of revenues generated from (1) the sale of specialty packaged fresh-cut and whole processed vegetable products and salads that are washed and packaged in most cases in the Company’s proprietary BreatheWay packaging and sold primarily under the Eat Smart brand and various private labels, (2) O Olive oils and wine vinegars, and (3) Yucatan and Cabo Fresh branded guacamole and avocado products. In addition, the Curation Foods reportable business segment includes the revenues generated from the sale of BreatheWay packaging to license partners.
  • Lifecore generates revenues from the development and manufacture of HA products and providing contract development and aseptic manufacturing services to customers. Lifecore generates revenues from two integrated activities: (1) CDMO and (2) fermentation.
  • The decrease in Curation Foods’ revenues for the three months ended February 28, 2021, compared to the same period last year, was primarily due to a $16.2 million decrease in the fresh packaged salads and vegetables segment, which is primarily due to a (1) $10.5 million planned shift away from non-strategic revenue streams, including packaged vegetables in bags and trays, and (2) a $4.1 million decrease in green bean revenues driven by a decrease in demand from food service customers during the COVID-19 pandemic.
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