HF Foods Group Inc
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 26, 2024
HFFG$1.45-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net revenue - third parties | $1,142,648 | $1,163,525 | $787,829 |
| Net revenue - related parties | 5,845 | 6,942 | 9,055 |
| TOTAL NET REVENUE | 1,148,493 | 1,170,467 | 796,884 |
| Cost of revenue - third parties | 938,815 | 958,775 | 636,253 |
| Cost of revenue - related parties | 5,647 | 6,180 | 9,119 |
| TOTAL COST OF REVENUE | 944,462 | 964,955 | 645,372 |
| GROSS PROFIT | 204,031 | 205,512 | 151,512 |
| Distribution, selling and administrative expenses | 195,062 | 194,953 | 122,030 |
| INCOME FROM OPERATIONS | 8,969 | 10,559 | 29,482 |
| Interest expense | 11,478 | 7,457 | 4,091 |
| Other income | (1,091) | (1,829) | (508) |
| Change in fair value of interest rate swap contracts | 1,580 | (817) | (1,425) |
| Lease guarantee (income) expense | (377) | 5,744 | — |
| (LOSS) INCOME BEFORE INCOME TAXES | (2,621) | 4 | 27,324 |
| Income tax expense (benefit) | 41 | (231) | 4,503 |
| NET (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME | (2,662) | 235 | 22,821 |
| Less: net (loss) income attributable to noncontrolling interests | (488) | (225) | 676 |
| NET (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO HF FOODS GROUP INC. | $(2,174) | $460 | $22,145 |
| (LOSS) EARNINGS PER COMMON SHARE - BASIC | $(0.04) | $0.01 | $0.43 |
| (LOSS) EARNINGS PER COMMON SHARE - DILUTED | $(0.04) | $0.01 | $0.43 |
| WEIGHTED AVERAGE SHARES - BASIC | 53,878,237 | 53,757,162 | 51,918,323 |
| WEIGHTED AVERAGE SHARES - DILUTED | 53,878,237 | 53,863,448 | 52,091,822 |
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