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Tattooed Chef, Inc. (TTCF)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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6.94-0.07 (-1.00%)
At close: 04:00PM EDT
6.92 -0.02 (-0.29%)
After hours: 07:58PM EDT
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  • -
    ------
    TTCF did not release a Statement of Cash Flows this quarter, as is REQUIRED by the SEC. Ask yourself why management would rather be fined and face delisting than tell you where their money is and what they're doing with it. What are they hiding? Seems like a TOTALLY LEGIT company lol.
  • V
    Value stock Investor
    Baggies been at Bernie's place for like three years and still ain't suspect a thing lol
  • B
    Brownfield Fund
    What's receding faster: TTCF earnings or Jeremy's hairline?
  • B
    Brownfield Fund
    I'll give you a little ACTUAL financial education.

    It's a technique I studied in college called "rhetorical analysis," and it deals with how people use language to obfuscate facts they don't want you to know.

    In this case, what TTCF doesn't want you to know is that branded revenue is basically flat year over year ($33.1 in Q2 2021 vs $33.6 in Q2 2022).

    What they did to obfuscate that fact is they mentioned the percent of total revenue rather than comparing this year's branded revenue numbers with the numbers from last year.

    Here's the language they used last year vs what they said this year. See if you can spot their trick:

    Q2 2021: "Tattooed Chef branded product revenue was $33.1 million, an increase of 62.3% compared to $20.4 million in the prior year period."

    Q2 2022: "Tattooed Chef branded product net revenue increased to $33.9 million, or 58.4% of total net revenue."

    See what they did? They know that poorly educated investors anchor on words like "increase" and ignore the rest of the sentence. They compared the branded revenue with total revenue, a meaningless comparison, just to get a number that increased so they could use the anchor word "increase" in there somewhere.

    What you really want to know is what the number is compared with last year's number. Apples to apples. But they compared apples to doughnuts. They just want you to see "increased" and not look into it any further.

    This earnings report is full of shenanigans like this. You'll never know just how bad this company is of you just listen to the earnings call or their or read their bulleted highlights or, worse, listen to paid spokesman Jeremy.
  • m
    muhammed
    RED IN A SEA OF GREEN...NICE PICK JERRY!
  • W
    WellHung Drywall
    This will hit $0 eventually, it’s inevitable
    Bearish
  • R
    Russell
    1.3% Gross Margins......Nice!
  • -
    ------
    How do you sell 6oz of cauliflower for $7.99 and make only 1% margins lol??
  • D
    Darrell
    • Net loss was $26.4 million
    • Adjusted EBITDA (1) loss was $20.5 million
  • M
    Mark Baum
    You're laughing now, but just wait until the new chips drop next year, the ones that they borrowed $40 million to make. TTCF is miles ahead of the competition when it comes to innovative, first-mover, disruptive potato chip technology. In fact, they are, at this very moment, in their super secret space lab developing the most innovative potatoes in the known galaxy.
  • r
    rollll
    1% gross margin
  • B
    Ben Rickert
    "Cost of goods sold increased 36.7% to $57.4 million in the second quarter...driven by higher sales volume..."
    If you don't know what this means, it means that the more they sell, the more money they lose. This is a red flag, smoking gun, nail in the coffin...whatever metaphor you want to use. It means there is something seriously and fundamentally wrong with how they're conducting business. It's not just a matter of time before they're profitable, this number indicates that they need to completely change the way they're conducting business. Whether it's the taste of the product, the way they source and produce it, the scale or market or... whatever...could be any or all of these things. Something's not right. Jeremy said this was the next Tesla but Tesla had a great product from the start, a clear path to profitability, a scalable production strategy, a ready market, etc, such that it was clear or at least probable that they would succeed in time. TTCF has exactly ZERO indicators that they will be profitable. None. And, in fact, are showing all the hallmarks of a company that will go bankrupt within a year.
    Let's be real, you own this because Jeremy said it was good. It's not. In all likelihood he is being paid to pump TTCF, just like he was paid to pump the now-defunct Voyager and VGFC. I can't tell you what to do with your money but I'm asking you to stop listening to Jeremy, just look at the numbers, learn about what they mean, and think really hard about what it is you're doing holding this stock.
  • C
    Calixto
    why do they ship food from Italy to then ship to factory then to ship stores. seems like a lot more shipping than if they bought from us suppliers
  • Y
    Yurmom Zahore
    Long-time Jeremy followers be like..
  • M
    Mark Baum
    Where are all the pumpers?
  • a
    amir
    the next Tesla is not in the yahoo trending list after its earning, lol. That's how important this stock is for the market.
  • P
    Pluto
    Cost of goods sold, transport etc. isn't ever going to significantly drop in cost maybe by 10-15% and that's generous. You have to look at the ratios. It will take a VERY long time to ever make a profit, if at all... The local plumber makes more money then this dud company with no debt... only a vehicle loan
    Bearish
  • m
    muhammed
    Green at the open...this won't end well.
  • W
    WellHung Drywall
    I will cover at $0.001
    Bearish
  • B
    Ben Rickert
    For those asking, this pump is because TTCF found a way to fully automate production.
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