reports
- Nicholas Cortellucci
- CFA
OGO: Q3 Financials Miss but 2024 Outlook Improves
What you need to know: • Organto reported Q3 financials that were weaker than expected due to weather and regulatory issues. However, Q3 revenue was still up 40% YoY and represented OGO’s 17th consecutive quarter of positive growth. • Gross margin came in at 8.6%, in line with our estimates. • While management guided for a stronger 2024, we are choosing to be more conservative with our estimates, leading to a reduction in our target price to $1.50/share (previously $2.00/share). Yesterday after...
- Nicholas Cortellucci
- CFA
OGO: Strategic Partnership to Support Upcoming Growth
What you need to know: • Organto announced that it has entered a strategic partnership with commercial farming and marketing organization, Alpasa Farms. • The partnership aims to expand OGO’s geographic footprint into the U.S., enhance sourcing capabilities, collaborate on branding, and implement AI solutions for supply chain management. • OGO continues to trade at a large discount to its peers despite improving fundamentals. This morning, Organto Foods (OGO:TSXV) announced a strategic partne...
- Nicholas Cortellucci
- CFA
OGO: Expanding into Asia & North America
What you need to know: • Organto announced that it has expanded into Asia with an international retailer and plans to grow this market over the coming years • OGO also announced that it plans to expand into North America in late 2023 (initially with the U.S.). • OGO obtained additional debt financing of $1.05M to support growth and working capital. Organto Foods (OGO:TSXV) has reported several updates over the last month that reaffirmed our confidence in its growth strategy and positioning mov...
- Nicholas Cortellucci
- CFA
OGO: Light Q2 Revenue but Profitability Largely Improving
What you need to know: • Organto reported Q2 financial results that missed our estimates on revenue but beat our estimates on gross margin and adjusted EBITDA. • Management has updated its guidance and now expects to exceed a $50M run rate at the end of 2023 and to be EBITDA positive in H1/24 (previously H2/23). • Find our recently published management interview here. Yesterday evening, Organto Foods (OGO:TSXV) reported Q2/23 financial results that were softer than our expectations on revenue b...
- Nicholas Cortellucci
- CFA
OGO: Premium Brand Launch Supports Margin Expansion
What you need to know: • Organto announced the launch of ORO, a brand focused on premium non-GMO fruits and vegetables. This rounds out Organto’s offering and supports the Company’s ongoing transition to higher-margin branded products. • We view the material pull-back in OGO shares as a buying opportunity given the improved revenue growth profile, gross margins, and future outlook which shifted over the last few months. This morning, Organto Foods (OGO:TSXV) announced the introduction of its l...
- Nicholas Cortellucci
- CFA
OGO: Strong Q1 Financial Results, Gross Margin Tracking Higher
What you need to know: • Organto reported Q1 financials that were slightly ahead of our expectations and its pre-announced Q1 metrics. Revenue came in at $7.5M which represented 7% YoY and 37% QoQ growth. • Gross margin came in at 9.7% compared to 4.0% last quarter, illustrating that global supply chain and political issues are dissipating. • We are expecting further revenue growth in Q2 as the NFG acquisition is integrated and global macro issues improve. Organto Foods (OGO:TSXV) reported Q1/...
- Nicholas Cortellucci
- CFA
OGO: Recreating SunOpta's Success
What you need to know: • Organto has effectively transitioned its business to an asset-light model, growing revenue from $1.5M in 2018 to $49M in 2023E • OGO now has a diversified platform covering 170 customers using its global supply chain that can provide year-round supply to its customers • Organto’s management team and board contain various executives that grew SunOpta to >US$1B in sales using a similar business model Organto Foods Inc. (OGO:TSXV) operates as a marketer and distributor o...
Organto Foods Inc: 2 directors
Three Directors at Organto Foods Inc sold/bought/maiden bought 5,885,500 shares at 0.100CAD. The significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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