MAMA revenue up 55% as net income doubles and cash tops $138M
MAMA’s revenue rose 55% to $54.6M, net income doubled, and adjusted EBITDA increased 69%. Gross margin improved sequentially. Cash reserves now exceed $138M, supporting further M&A.
Revenue surged 55% to $54.6M, while net income doubled and adjusted EBITDA increased 69%. Gross margin improved sequentially. The company also secured new distribution at Kroger and a nationwide Costco promotion. Cash reserves now exceed $138M, supporting further M&A.