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$LWAY revenue forecast for Q-4 , just announced to be 'better than previously expected'. Cha-Ching!!!
JUST IN: $LWAY Lifeway Foods, Inc. Reports Third Quarter 2020 Results
MORTON GROVE, Ill., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Lifeway Foods, Inc. (Nasdaq: LWAY) (“Lifeway” or “the Company”), the leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, today reported financial results for the third qu...
In case you are interested LWAY - Lifeway Foods, Inc. Reports Third Quarter 2020 Results
From the 10k : Since October 1999, Danone SA, through subsidiaries (collectively “Danone”), has been the beneficial owner of approximately 22% of the outstanding common stock of Lifeway.
Some eye candy here? Seems cheap..
Lifeway now has no credible competition in the U.S. kefir market.
News: $LWAY Lifeway Foods, Inc., CEO Julie Smolyansky to Present at the 13th Annual Global Dairy Congress on June 26, 2019
MORTON GROVE, Ill., June 24, 2019 (GLOBE NEWSWIRE) -- Lifeway Foods, Inc. (Nasdaq: LWAY), the leading U.S. supplier of kefir fermented dairy and probiotic plant-based products to support the microbiome, today announced that Julie Smolyansky, President and Chief Executive Officer, will prese...
Find out more https://marketwirenews.com/news-releases/lifeway-foods-inc-ceo-julie-smolyansky-to-present-at-the-13th-annual-global-dairy-congress-on-june-26-2019-8406740.html
News: $LWAY Lifeway Foods Announces Plans to Enter Growing CBD Category with Plantiful + CBD Drinkables
MORTON GROVE, Ill., June 20, 2019 (GLOBE NEWSWIRE) -- Lifeway Foods, Inc. (Nasdaq: LWAY ), the leading U.S. supplier of fermented dairy and vegan probiotic products, announced today it plans to enter the growing 10+ billion dollar cannabis market through Plantiful + CBD, a cannabidiol...
Got this from https://marketwirenews.com/news-releases/lifeway-foods-announces-plans-to-enter-growing-cbd-category-with-plantiful-cbd-drinkables-8390264.html
News: $LWAY Lifeway Foods, Inc., to Participate in Oppenheimer's 19th Annual Consumer Conference on June 18, 2019
MORTON GROVE, Ill., June 14, 2019 (GLOBE NEWSWIRE) -- Lifeway Foods, Inc. (Nasdaq: LWAY), the leading U.S. supplier of kefir fermented dairy and probiotic plant-based products to support the microbiome, today announced Julie Smolyansky, President and Chief Executive Officer, and Eric Hanson...
Find out more https://marketwirenews.com/news-releases/lifeway-foods-inc-to-participate-in-oppenheimer-s-19th-annual-consumer-conference-on-june-18-2019-8358126.html
I view this as government extortion.
LWAY: SEC Admin. Proceeding:
https://www.sec.gov/litigation/admin/2019/34-84995.pdf
Now trading at $3/ share.
Looks like a LOT of people decided to not own this stock. Good job CEO--way to screw up your company's stock price by tweeting your personal views!!
I sold every share I owned.. Boy am I glad she gave guidance.
LOVE TRUMP sell you stock.. OK..
Looks like a lot of people took her up on her offer.
Just awful.
Talk about nepotism
Anyone out there know why this is going on a mini-run the past couple days?
I do. It's a long term hold for me (on a very small position).
Coming back to the curve. Still have a position here?
I have no position here. I saw they filed the K today because the share price drop triggered an alert. Nominal top line growth.
Not intimate with this company but I think the main headwinds are the below-average management (family-owned) and competition from "faux kefirs" because no one is really sure what the hell a kefir is. It's not explicitly defined.
Kinda sits in a weird nexus, too. Milk consumption is down but yogurt is up. Makes getting a read on growth a bit tricky.
GT's put out a Coco Kefir (via an acquisition) a few weeks back, and if track history is any guide, they'll roll LWAY. A rising tide could raise all ships but I'm not inclined to wait around on this stock without overt trend data.
I took a small position based on your comparison to CELH. 2016 was disappointing, but at least it's profitable, with a decent balance sheet. Hopefully it will grow over time.
Anyone out there lurking, following this stock? Expected a rebound before now.
Oh well I don't own it anymore, my post with the charts was last year.
I'm not really interested in how political types express themselves making their own weather so to speak etc...
To me it would be like hearing about how two people argued on a housewife talk show or soap opera during the day. Or how there was an argument with some customer at the returns desk at the store mart or something. Or in the evening people talking at the cops on the show or something. Perhaps even like trolls on boards flaming away.
Charts are gonna move regardless if it has a political backdrop or not...
The CEO of $LWAY, Julie Smolyansky, Told Trump Supporters to Sell Their Stock; Wall Street Obliged
Dr. Fly Sat Nov 12, 2016 12:59pm EST 17 Comments views3480
I’ve never seen people so unhinged. I did expect the heroin addicts in Portland to go crazy, but I never thought I’d read about a CEO telling shareholders to sell their stock, if they supported a Presidential candidate that didn’t mesh with her version of the world.
Ever since Election Day, shares of LWAY have been spiraling lower. On the 11th, CEO Julie Smolyansky, tweeted this nonsense.
"Hey shareholders if you a rape apologist, sexist, racist, demagogue, bigot, feel free to no longer own shares"
Apparently, given the selloff from nearly $18.00 to currently 10.80 a share, many shareholders accepted her invitation!
Good work, CEO Smolyansky!
Been a fan of their kefir for years. Invested last month and now things are heating up! "Invest in what you like", I say!
I think the bottom is in here around $9-$9.30.
hey LIFEWAY, you guys need to market your kefir more, the grocery stores i've been in don't know anything about it. Still looking for that water based kefir, too. When i'm looking, near the yogurt area, i sometimes tell people about the Kefir. One lady decided to try it. You're welcomed. ; ) she'll probably tell two people who will tell two people and so forth and so on.
Guessing the ad during that awards show didn't help too much. People likely to drink kefir are not likely to watch that type of programming. Just a thought. Maybe advertise on some nature/outdoor/healthful shows. We don't like to watch over-inflated egos all puffed up.
You're welcomed, again.
Great little flipping stock...
This type of kefir is fantastic. The raspberry and the pomegranate flavs are delish.
Supposedly more healthful than yogurt.
Still looking for the non-milk kefir (water kefir), but can't seem to find it at the regulary grocery stores. Can't wait to try that type.
$LWAY DD Notes ~ http://www.ddnotesmaker.com/LWAY
bullish
$LWAY recent news/filings
## source: finance.yahoo.com
Tue, 25 Nov 2014 18:04:31 GMT ~ LIFEWAY FOODS INC Financials
read full: http://finance.yahoo.com/q/is?s=lway
*********************************************************
Mon, 24 Nov 2014 19:37:54 GMT ~ Career secrets from Lifeway CEO Julie Smolyansky
read full: http://fortune.com/2014/11/24/julie-smolyansky-kefir-lifeway-foods/?xid=yahoo_fortune
*********************************************************
Thu, 20 Nov 2014 00:07:27 GMT ~ 10-Q for Lifeway Foods, Inc.
read full: http://www.companyspotlight.com/routers/headline/20279/10004/6426911?cp_code=YAH1&1416442047
*********************************************************
Mon, 17 Nov 2014 22:06:02 GMT ~ LIFEWAY FOODS INC Files SEC form 10-Q, Quarterly Report
read full: http://biz.yahoo.com/e/141117/lway10-q.html
*********************************************************
Tue, 11 Nov 2014 00:48:42 GMT ~ Lifeway posts 3Q profit
read full: http://sg.finance.yahoo.com/news/lifeway-posts-3q-profit-004842272--finance.html
*********************************************************
$LWAY charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$LWAY company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/LWAY/company-info
Ticker: $LWAY
OTC Market Place: Not Available
CIK code: 0000814586
Company name: Lifeway Foods, Inc.
Incorporated In: IL, USA
$LWAY share structure
## source: otcmarkets.com
Market Value: $307,141,659 a/o Dec 04, 2014
Shares Outstanding: 16,346,017 a/o Nov 08, 2013
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$LWAY extra dd links
Company name: Lifeway Foods, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=LWAY+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=LWAY+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=LWAY+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/LWAY/news - http://finance.yahoo.com/q/h?s=LWAY+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/LWAY/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/LWAY/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=LWAY+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/LWAY
DTCC (dtcc.com): http://search2.dtcc.com/?q=Lifeway+Foods%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Lifeway+Foods%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Lifeway+Foods%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/LWAY
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000814586&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/LWAY/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/LWAY/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=LWAY&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=LWAY
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/LWAY/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=LWAY+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=LWAY+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=LWAY
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=LWAY
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=LWAY+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/LWAY/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=LWAY+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/LWAY.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=LWAY
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/LWAY/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/LWAY/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/LWAY
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/LWAY
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/LWAY:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=LWAY
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=LWAY
$LWAY DD Notes ~ http://www.ddnotesmaker.com/LWAY
Well done, Mark.
Built up a position over the last few weeks. I had to build slowly so as not to spike the price. It is one problem with thinly traded stocks.
I drink this stuff several times a week - love it.
Also I wish I had bought this stock at the beginning of the year! :)
Great Stuff our refrig is constantly stocked with Kefir!
funny you mention ALDI
you see ADLI symbol today= UNREAL
close .0023 yest hits .09 today
I'm sitting here tasting Kefir probiotic blueberry ProBoost, this stuff is gooood. Lable says traded on NASDAQ
$2.99/quart @ Aldi, that is a square deal.
~ Monday! $LWAY ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $LWAY ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=LWAY&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=LWAY&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=LWAY
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LWAY#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LWAY+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LWAY
Finviz: http://finviz.com/quote.ashx?t=LWAY
~ BusyStock: http://busystock.com/i.php?s=LWAY&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=LWAY >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
I'm going to buy at 9.50
LWAY yesterday moved with Whole Foods News http://finance.yahoo.com/news/Whole-Foods-net-income-more-apf-1905516285.html?x=0&.v=9
Lifeway Foods Reports Record 3rd Quarter 2009 Revenues and Earnings Results
- Q3 Revenues Up 37% - Q3 Gross Profit Increases 77%; Q3 2009 Gross Margins up to 41% from 31% in Q3 2008 - Q3 2009 Operating Income Increases 121% from same period in 2008 - Q3 2009 Pre-tax Income Increases 168% from same period in 2008
MORTON GROVE, Ill., Nov. 16 /PRNewswire-FirstCall/ -- Lifeway Foods, Inc., (NASDAQ:LWAY), makers of the nutritious, probiotic dairy beverage called kefir, announced today for the third quarter ended September 30, 2009, total consolidated group sales increased by $4,193,594, (approximately 37%) to $15,433,876 during the three month period ended September 30, 2009 from $11,240,282 during the same three month period in 2008. This increase is primarily attributable to increased sales and awareness of Lifeway's flagship line, Kefir, as well as ProBugs® Organic Kefir for kids. Additionally, Lifeway recorded revenues from its February 6, 2009 acquisition of Fresh Made Dairy. Included in the total group sales was approximately $2,190,000 of revenue related to this acquisition and recorded during the third quarter of 2009.
Cost of goods sold as a percentage of sales, excluding depreciation was approximately 58% during the third quarter 2009, compared to about 67% during the same period in 2008. The decrease was primarily attributable to the decreased cost of conventional milk, our largest raw material, and the cost of transportation and other petroleum based production supplies. Gross profit increased approximately 77% during the third quarter of 2009, when compared with the same period in 2008.
Operating expenses as a percentage of sales were approximately 20% during the third quarter 2009, compared to about 18% during the same period in 2008. This increase is primarily attributable to a 111% increase in amortization expense, a non cash expense, related to the February 6, 2009 acquisition of Fresh Made Dairy.
Total operating income increased by $1,772,193, (approximately 121%) to $3,239,432 during the third quarter 2009, from $1,467,239 during the same period in 2008.
Total income before taxes increased by $1,884,819 (approximately 168%) to $3,007,652 during the third quarter 2009, from $1,122,833 during the same period in 2008.
Provision for income taxes was $1,636,911, or a 54% tax rate, for the third quarter ended September 30, 2009, compared with a provision for income taxes of $267,917, or a 24% tax rate, for the same period in 2008.
Total net income was $1,370,741 or $.08 per share for the third quarter ended September 30, 2009, compared with $854,916 or $.05 per share in the same period in 2008. This represents a 60% increase in net income from the third quarter 2009 when compared to the same period in 2008.
Nine-Month Period Ended September 30, 2009
Total income before taxes increased by $4,440,498, (approximately 110%) to $8,474,370 during the nine-month period ended September 30, 2009, from $4,033,872 during the same period in 2008.
Provision for income taxes was $3,024,261, or a 36% tax rate, for the nine-month period ended September 30, 2009, compared with a provision for income taxes of $1,378,632, or a 34% tax rate, for the same period in 2008.
Total net income was $5,450,109, or $.32 per share for the nine-month period ended September 30, 2009, compared with $2,655,240, or $.16 per share in the same period in 2008. This represents a 105% increase in net income from the nine-month period ended September 30, 2009 when compared to the same period in 2008.
Net cash provided by operating activities was $5,504,144 during the nine months ended September 30, 2009, which is an increase of $1,872,155 when compared to the same period in 2008.
Edward Smolyansky, CFO commented, "We are extremely pleased at our record third quarter 2009 results. This was again the best quarter in our company's history from both the revenue side as well as the bottom line. Even though the cost of our conventional milk and other raw materials has increased during in the third quarter, our gross margins have remained strong and consistent."
Smolyansky added, "During the fourth quarter, weekly sales volumes continue at a record pace, and existing customers are consistently increasing their orders from previous weeks. Additionally, starting in late December, we will resume shipments to Costco in the Midwest, the first shipments since June 2009. Our cash flows remain very robust, and just this past couple of weeks, we paid down approximately $1.5 million in debt taken out to finance our February 6, 2009 acquisition as well as other current and long term liabilities."
Lifeway Foods, Inc.
Phone: 877.281.3874 Email: http://www.kefir.com/ and http://www.starfruitcafe.com/
Find Lifeway Foods, Inc. on Facebook: http://www.facebook.com/lifeway.kefir, Follow us on Twitter: http://twitter.com/lifeway_kefir and http://twitter.com/starfruitcafe Flickr: http://www.flickr.com/photos/lifeway_kefir/ YouTube: http://www.youtube.com/user/lifewaykefir
About Lifeway Foods
Lifeway Foods, Inc., recently named one of Fortune Small Business' Fastest Growing Companies for the 4th consecutive year, is America's leading supplier of the cultured dairy product known as Kefir, and America's sole supplier of Organic Kefir. Lifeway Kefir is a dairy beverage that contains 10 exclusive live and active probiotic cultures. While most regular yogurt contains only two or three of these "friendly" cultures, Lifeway Kefir products offer even more nutritional benefits. Lifeway produces 12 different flavors of its drinkable Kefir and Organic Kefir beverage, and recently introduced a series of innovative new products such as a children's line of Organic Kefir products called ProBugs (TM) with a no-spill pouch and kid-friendly flavors like Orange Creamy Crawler, Goo Berry Pie, and Sublime Slime Lime. In addition to its line of Kefir products, the company produces a variety of probiotic cheese products, and a line of products marketed in US Hispanic communities called La Fruta Drinkable Yogurt (yogurt drinks distinct from Kefir).
This news release contains forward-looking statements. Investors are cautioned that actual results may differ materially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, competitive pressures and other important factors detailed in the Company's reports filed with the Securities and Exchange Commission.
(Unaudited) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, ------------- ------------- 2009 2008 2009 2008 ---- ---- ---- ----
Sales $15,433,876 $11,240,282 $43,649,383 $33,885,912
Cost of goods sold 8,892,088 7,505,794 24,994,778 22,403,574 Depreciation expense 288,613 197,366 859,044 581,920 ------- ------- ------- -------
Total cost of goods sold 9,180,701 7,703,160 25,853,822 22,985,494 --------- --------- ---------- ----------
Gross profit 6,253,175 3,537,122 17,795,561 10,900,418
Selling Expenses 1,231,216 957,978 3,176,162 3,171,269 General and Administrative 1,613,828 1,032,043 5,173,724 3,109,506 Amortization expense 168,699 79,862 508,086 239,585 ------- ------ ------- -------
Total Operating Expenses 3,013,743 2,069,883 8,857,972 6,520,360
Income from operations 3,239,432 1,467,239 8,937,589 4,380,058
Other income (expense): Interest and dividend income 34,180 95,042 144,899 261,037 Rental Income 12,047 13,647 33,340 36,940 Interest expense ( 99,864) (71,928) (364,337) (226,851) Impairment of marketable securities --- (270,908) --- (270,908) Loss on Disposition of Equipment --- --- (2,825) Gain (loss) on sale of marketable securities, net (178,143) (110,259) (274,296) (146,404) -------- -------- -------- -------- Total other income (Expense) (231,780) (344,406) (463,219) (346,186) -------- -------- -------- --------
Income before provision for income taxes 3,007,652 1,122,833 8,474,370 4,033,872
Provision for income taxes 1,636,911 267,917 3,024,261 1,378,632 --------- ------- --------- ---------
Net income $1,370,741 $854,916 $5,450,109 $2,655,240 ========== ======== ========== ==========
Basic and diluted earnings per common share 0.08 0.05 0.32 0.16 ==== ==== ==== ====
Weighted average number of shares outstanding 16,798,623 16,730,650 16,799,134 16,867,890 ========== ========== ========== ==========
COMPREHENSIVE INCOME --------------------
Net income $1,370,741 $854,916 $5,450,109 $2,655,240
Other comprehensive income (loss), net of tax: Unrealized gains (losses) on marketable securities (net of tax benefits) 114,628 (480,045) 326,060 (895,641) Less reclassification adjustment for (gains) losses included in net income (net of taxes) 104,609 64,746 161,071 85,963 ------- ------ ------- ------
Comprehensive income $1,589,978 $439,617 $5,937,240 $1,845,562 ========== ======== ========== ==========
(Unaudited) Nine Months Ended September September December 30, 30, 31, --------- --------- -------- 2009 2008 2008 ---- ---- ----
Cash flows from operating activities: ------------------------------------- Net income $3,024,261 $2,655,240 $1,912,275 Adjustments to reconcile net income to net cash flows from operating activities, net of acquisition: Depreciation and amortization 1,367,130 821,505 1,092,995 (Gain)Loss on sale of marketable securities, net 274,296 146,404 733,647 Loss on disposition of assets 2,825 --- --- Impairment of marketable securities --- 270,908 958,879 Deferred income taxes 790,858 (125,221) (509,386) Treasury stock issued for compensation 113,476 65,809 96,968 Increase (decrease) in allowance for doubtful accounts --- (4,449) 70,551 (Increase) decrease in operating assets: Accounts receivable (2,000,033) (947,303) (626,754) Other receivables 2,599 14,193 2,797 Inventories (636,236) (700,540) 409,012 Refundable income taxes 252,272 240,880 (115,536) Prepaid expenses and other current assets 4,661 665 (1,973) Increase (decrease) in operating liabilities: Accounts payable (284,927) 766,988 665,942 Accrued expenses 167,114 118,650 44,243 Accrued income taxes --- 308,260 --- ------ ------- ------ Net cash provided by operating activities 3,078,296 3,631,989 4,733,660
Cash flows from investing activities: ------------------------------------- Purchases of marketable securities (6,050,202) (4,864,873) (5,782,452) Sale of marketable securities 6,792,962 4,659,350 5,323,423 Increase in margin --- 428,951 --- Purchases of property and equipment (1,020,776) (1,892,472) (2,157,315) Acquisition of Fresh Made, net of cash acquired (3,442,546) --- --- ---------- ------ ------ Net cash used in investing activities (3,720,562) (1,669,044) (2,616,344)
Cash flows from financing activities: ------------------------------------- Proceeds of note payable 1,753,504 --- --- Purchases of treasury stock, net (905,607) (1,139,987) (1,239,488) Repayment of notes payable (2,104,340) (887,977) (1,196,465) ---------- -------- ---------- Net cash provided (used) in financing activities (1,256,443) (2,027,964) (2,435,953) ---------- ---------- ----------
Net increase (decrease) in cash and cash equivalents (1,898,709) (65,019) (318,637)
Cash and cash equivalents at the beginning of the period 277,248 595,885 595,885 ------- ------- -------
Cash and cash equivalents at the end of the period $(1,621,461) $530,866 $277,248 =========== ======== ========
DATASOURCE: Lifeway Foods, Inc.
CONTACT: Lifeway Foods, 1-877-281-3874,
Web Site: http://www.kefir.com/
http://www.starfruitcafe.com/
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07/13/06
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Type
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Free
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