BEYOND MEAT INC
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
BYND$6.10+1.2%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net revenues | $343,376 | $418,933 | $464,700 |
| Cost of goods sold | 426,031 | 442,676 | 347,419 |
| Gross (loss) profit | (82,655) | (23,743) | 117,281 |
| Research and development expenses | 39,530 | 62,264 | 66,946 |
| Selling, general and administrative expenses | 220,344 | 239,505 | 209,474 |
| Restructuring (income) expenses | (631) | 17,259 | 15,794 |
| Total operating expenses | 259,243 | 319,028 | 292,214 |
| Loss from operations | (341,898) | (342,771) | (174,933) |
| Other income (expense), net: | |||
| Interest expense | (3,955) | (3,966) | (3,648) |
| Other, net | 11,616 | (420) | (487) |
| Total other income (expense), net | 7,661 | (4,386) | (4,135) |
| Loss before taxes | (334,237) | (347,157) | (179,068) |
| Income tax expense | 5 | 32 | 60 |
| Equity in losses of unconsolidated joint venture | 3,902 | 18,948 | 2,977 |
| Net loss | $(338,144) | $(366,137) | $(182,105) |
| Net loss per share available to common stockholders—basic and diluted | $(5.26) | $(5.75) | $(2.88) |
| Weighted average common shares outstanding—basic and diluted | 64,300,099 | 63,622,432 | 63,172,368 |
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