Once Upon A Farm reported $25.4M in Q2 sales, exceeding estimates with a 42.3% year-over-year increase and a narrower loss.
Once Upon A Farm (OFRM) climbed in premarket trading after posting stronger-than-expected Q2 results. Revenue rose 42.3% year-over-year to $25.4M, surpassing analyst estimates, while the company narrowed its loss more than anticipated.
The organic food company’s growth was driven by higher demand for its products. Prior quarter revenue stood at $17.8M, reflecting a steady upward trend. Analysts had projected revenue closer to $24M for the period.
Shares reacted positively to the earnings release, reflecting investor confidence in the company’s performance.