Company profile

Ticker
BYND
Exchange
CEO
Ethan Walden Brown
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Savage River, Inc.
SEC CIK
IRS number
264087597

BYND stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Nov 19
26 Jan 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 91.96M 67.25M 40.21M 31.51M
Net income 4.1M -9.44M -6.65M -7.45M
Diluted EPS 0.06 -0.24 -0.95
Net profit margin 4.46% -14.04% -16.54% -23.65%
Operating income 3.57M 2.17M -5.3M -7.13M
Net change in cash 35.46M 241.58M -18.86M 4.49M
Cash on hand 312.45M 276.99M 35.41M 54.27M
Cost of revenue 59.18M 44.51M 29.44M 23.65M
Annual (USD) Dec 18 Dec 17 Dec 16
Revenue 87.93M 32.58M 16.18M
Net income -29.89M -30.38M -25.15M
Diluted EPS -4.75 -5.57 -5.51
Net profit margin -33.99% -93.26% -155%
Operating income -27.99M -28.57M -24.77M
Net change in cash 15.24M 22.04M
Cash on hand 54.27M 39.04M 17M
Cost of revenue 70.36M 34.77M 22.49M

Financial data from Beyond Meat earnings reports

10.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 247 186 +32.8%
Opened positions 93 186 -50.0%
Closed positions 32 0 +Infinity%
Increased positions 86 0 +Infinity%
Reduced positions 30 0 +Infinity%
13F shares
Current Prev Q Change
Total value 940.71M 917.57M +2.5%
Total shares 6.31M 5.71M +10.5%
Total puts 10.66M 6.07M +75.7%
Total calls 9.32M 6.12M +52.3%
Total put/call ratio 1.1 1.0 +15.4%
Largest owners
Shares Value Change
Vanguard 1.23M $182.36M +16.4%
BX The Blackstone Group, Inc. 912.88K $135.67M -9.1%
BLK BlackRock 463.19K $68.84M +8.1%
MS Morgan Stanley 324.46K $48.22M +344.7%
JEF Jefferies 249.75K $37.12M +66.5%
FII Federated Investors 228.51K $33.96M +59.2%
Gilder Gagnon Howe & Co 192.91K $28.67M +290.9%
Tiger Global Management 175K $26.01M NEW
Geode Capital Management 170.31K $25.31M +20.6%
GS The Goldman Sachs Group, Inc. 147.37K $21.9M +182.7%
Largest transactions
Shares Bought/sold Change
FIL 19 -454.41K -100.0%
Jane Street 61.82K -255.93K -80.5%
MS Morgan Stanley 324.46K +251.51K +344.7%
Tiger Global Management 175K +175K NEW
BEN Franklin Resources 4.8K -173.7K -97.3%
Vanguard 1.23M +173.09K +16.4%
Gilder Gagnon Howe & Co 192.91K +143.57K +290.9%
Cowen And 115K +115K NEW
JEF Jefferies 249.75K +99.75K +66.5%
Bill & Melinda Gates Foundation Trust 96.54K +96.54K NEW

Financial report summary

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Risks
  • We have a history of losses, and we may be unable to achieve or sustain profitability.
  • If we fail to effectively expand our manufacturing and production capacity, our business and operating results and our brand reputation could be harmed.
  • Because we rely on a limited number of third-party suppliers, we may not be able to obtain raw materials on a timely basis or in sufficient quantities to produce our products or meet the demand for our products.
  • Our future business, results of operations and financial condition may be adversely affected by reduced or limited availability of pea protein that meets our standards.
  • We use a limited number of distributors for the substantial majority of our sales, and if we experience the loss of one or more distributors and cannot replace them in a timely manner, our results of operations may be adversely affected.
  • Consolidation of customers or the loss of a significant customer could negatively impact our sales and profitability.
  • We currently only have a written contract with one of our co-manufacturers in the United States. Loss of one or more of our co-manufacturers or our failure to timely identify and establish relationships with new co-manufacturers could harm our business and impede our growth.
  • We may not be able to compete successfully in our highly competitive market.
  • We may require additional financing to achieve our goals, and a failure to obtain this necessary capital when needed on acceptable terms, or at all, may force us to delay, limit, reduce or terminate our product manufacturing and development, and other operations.
  • Our brand and reputation may be diminished due to real or perceived quality or health issues with our products, which could have an adverse effect on our business, reputation, operating results and financial condition.
  • Food safety and food-borne illness incidents or advertising or product mislabeling may materially adversely affect our business by exposing us to lawsuits, product recalls or regulatory enforcement actions, increasing our operating costs and reducing demand for our product offerings.
  • Sales of the Beyond Burger contribute a significant portion of our revenue. A reduction in sales of the Beyond Burger would have an adverse effect on our financial condition.
  • The primary components of all of our products are manufactured in our two Columbia, Missouri facilities and any damage or disruption at these facilities may harm our business. Moreover, Columbia, Missouri has a tight labor market and we may be unable to hire and retain employees at these facilities.
  • We may not successfully ramp up operations at our new Columbia, Missouri facility or this facility may not operate in accordance with our expectations.
  • Failure to introduce new products or successfully improve existing products may adversely affect our ability to continue to grow.
  • If we fail to cost-effectively acquire new customers or retain our existing customers, or if we fail to derive revenue from our existing customers consistent with our historical performance, our business could be materially adversely affected.
  • If we fail to manage our future growth effectively, our business could be materially adversely affected.
  • We face intense competition in our market from our competitors, including manufacturers of animal-based meat products and other brands that produce plant-based protein products, and potential competitors and may lack sufficient financial or other resources to compete successfully.
  • We may face difficulties as we expand our operations into countries in which we have no prior operating experience.
  • Ingredient and packaging costs are volatile and may rise significantly, which may negatively impact the profitability of our business.
  • Consumer preferences for our products are difficult to predict and may change, and, if we are unable to respond quickly to new trends, our business may be adversely affected.
  • Our revenue growth rate may slow over time and may not be indicative of future performance.
  • Our revenues and earnings may fluctuate as a result of our promotional activities.
  • Fluctuations in our results of operations for our second and third quarters may impact, and may have a disproportionate effect on our overall financial condition and results of operations.
  • Historical results are not indicative of future results.
  • Litigation or legal proceedings could expose us to significant liabilities and have a negative impact on our reputation or business.
  • Legal claims, government investigations or other regulatory enforcement actions could subject us to civil and criminal penalties.
  • Failure by our transportation providers to deliver our products on time, or at all, could result in lost sales.
  • Failure to retain our senior management may adversely affect our operations.
  • If we are unable to attract, train and retain employees, we may not be able to grow or successfully operate our business.
  • Our employees are employed by professional employer organizations.
  • We rely on information technology systems and any inadequacy, failure, interruption or security breaches of those systems may harm our ability to effectively operate our business.
  • A cybersecurity incident or other technology disruptions could negatively impact our business and our relationships with customers.
  • Disruptions in the worldwide economy may adversely affect our business, results of operations and financial condition.
  • A major earthquake, tsunami, tornado or other natural disaster could seriously disrupt our entire business.
  • Climate change may negatively affect our business and operations.
  • Our operations are subject to FDA governmental regulation and state regulation, and there is no assurance that we will be in compliance with all regulations.
  • Changes in existing laws or regulations, or the adoption of new laws or regulations may increase our costs and otherwise adversely affect our business, results of operations and financial condition.
  • Any changes in, or changes in the interpretation of, applicable laws, regulations or policies of the FDA or U.S. Department of Agriculture, or USDA, state regulators or similar foreign regulatory authorities that relate to the use of the word “meat” in connection with plant-based protein products could adversely affect our business, prospects, results of operations or financial condition.
  • Failure by our suppliers of raw materials or co-manufacturers to comply with food safety, environmental or other laws and regulations, or with the specifications and requirements of our products, may disrupt our supply of products and adversely affect our business.
  • We may not be able to protect our proprietary technology adequately, which may impact our commercial success.
  • We may not be able to protect our intellectual property adequately, which may harm the value of our brand.
  • If we fail to maintain proper and effective internal controls, our ability to produce accurate financial statements on a timely basis could be impaired, investors may lose confidence in our financial reporting and the trading price of our common stock may decline.
  • Our disclosure controls and procedures may not prevent or detect all errors or acts of fraud.
  • We are an emerging growth company and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
  • The requirements of being a public company will require us to incur increased costs and may strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members.
  • Our share price has been and may continue to be highly volatile, and you could lose all or part of your investment.
  • An active trading market may not be sustained.
  • Future sales of our common stock in the public market could cause our share price to fall.
  • If securities or industry analysts issue an adverse or misleading opinion regarding our business or do not publish research or publish unfavorable research about our business, our stock price and trading volume could decline.
  • We have never paid dividends on our capital stock and we do not intend to pay dividends for the foreseeable future. Consequently, any gains from an investment in our common stock will likely depend on whether the price of our common stock increases.
  • Our charter documents and Delaware law could prevent a takeover that stockholders consider favorable and could also reduce the market price of our stock.
  • Insiders’ stock ownership could have an impact on matters requiring stockholder approval.
  • Our restated certificate of incorporation provides that the Court of Chancery of the State of Delaware and the federal district courts of the United States of America will be the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
  • Our ability to utilize our federal net operating loss and tax credit carryforwards may be limited under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, or the Code.
Management Discussion
  • Net revenues increased by $65.7 million, or 250.0%, and $143.0 million, or 253.5%, in the three and nine months ended September 28, 2019, respectively, as compared to the prior-year periods primarily due to strong growth in sales volumes of products in our fresh platform across both our retail and our restaurant and foodservice channels, driven by expansion in the number of retail and foodservice points of distribution, including new strategic customers, international customers and greater demand from our existing customers. Net revenues from international customers (excluding the Canadian market) in the three and nine months ended September 28, 2019 were approximately 14% and 12% of net revenues, respectively, as compared to approximately 4% and 3% of net revenues, respectively, in the prior-year periods. We discontinued our frozen chicken strips product line during the first quarter of 2019.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good

Proxies

No filings