HF Foods Group Inc

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

HFFG$1.45-2.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive

Condensed Consolidated Statements of Operations and Comprehensive Loss

(In thousands, except share and per share data)

	Three Months Ended March 31,
	2024	2023
Net revenue - third parties	$294,836	$291,562
Net revenue - related parties	818	2,293
TOTAL NET REVENUE	295,654	293,855
Cost of revenue - third parties	244,484	241,457
Cost of revenue - related parties	759	2,226
TOTAL COST OF REVENUE	245,243	243,683
GROSS PROFIT	50,411	50,172
Distribution, selling and administrative expenses	50,496	52,929
LOSS FROM OPERATIONS	(85)	(2,757)
Interest expense	2,834	2,868
Other income	(94)	(228)
Change in fair value of interest rate swap contracts	(1,970)	2,746
Lease guarantee income	(115)	(120)
LOSS BEFORE INCOME TAXES	(740)	(8,023)
Income tax benefit	(181)	(2,226)
NET LOSS AND COMPREHENSIVE LOSS	(559)	(5,797)
Less: net income attributable to noncontrolling interests	135	136
NET LOSS AND COMPREHENSIVE LOSS ATTRIBUTABLE TO HF FOODS GROUP INC.	$(694)	$(5,933)
LOSS PER COMMON SHARE - BASIC	$(0.01)	$(0.11)
LOSS PER COMMON SHARE - DILUTED	$(0.01)	$(0.11)
WEIGHTED AVERAGE SHARES - BASIC	52,155,968	53,822,794
WEIGHTED AVERAGE SHARES - DILUTED	52,155,968	53,822,794

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.