Beyond Meat (BYND) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared with both the preceding quarter and the same quarter a year earlier. The trend data shows that each quarter of the year experienced a decrease versus the prior year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared with both the preceding quarter and the same quarter a year earlier. The trend data shows that each quarter of the year experienced a decrease versus the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$73.7M
Revenue reported for this quarter.
Quarter-over-quarter
-2.2%
Change from the immediately preceding quarter.
Year-over-year
-7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$343.4M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 1, 2023 | $92.2M | -15.7% |
| Jul 1, 2023 | $102.1M | -30.5% |
| Sep 30, 2023 | $75.3M | -8.7% |
| Dec 31, 2023 | $73.7M | -7.8% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter and also fell compared with the same period one year prior.
Quarterly comparison
Sequentially, revenue declined from the prior quarter. On an annual basis, revenue was lower than the same period last year.
What to watch
The filing notes an ATM program with full capacity remaining and no sales made as of the period end, which may signal reliance on equity financing.