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Last $19.01 USD
Change Today -0.60 / -3.06%
Volume 12.0K
LWAY On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

lifeway foods inc (LWAY) Snapshot

Open
$19.64
Previous Close
$19.61
Day High
$20.00
Day Low
$18.78
52 Week High
03/30/15 - $22.38
52 Week Low
07/31/14 - $12.34
Market Cap
310.7M
Average Volume 10 Days
18.5K
EPS TTM
$0.16
Shares Outstanding
16.3M
EX-Date
05/29/13
P/E TM
116.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for LIFEWAY FOODS INC (LWAY)

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lifeway foods inc (LWAY) Details

Lifeway Foods, Inc., together with its subsidiaries, manufactures and sells probiotic, cultured, and functional dairy and non-dairy health food products in the United States. Its primary products include kefir, a drinkable dairy beverage in various flavors under the Lifeway Kefir and Helios Nutrition Organic Kefir brands; a line of yogurts under the Lassi brand; and BasicsPlus, a dairy based immune-supporting dietary supplement beverage. The company also offers Lifeway Farmer Cheese, a line of various farmer cheeses; a line of gourmet cream cheeses; and Sweet Kiss, a fruit sugar-flavored spreadable cheese. In addition, it manufactures and markets a vegetable-based seasoning under the Golden Zesta brand. The company sells its products to various retail establishments, including supermarkets, grocery stores, gourmet shops, delicatessens, and convenience stores. Lifeway Foods, Inc. was founded in 1986 and is headquartered in Morton Grove, Illinois.

lifeway foods inc (LWAY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

lifeway foods inc (LWAY) Key Developments

Lifeway Foods Receives Non-Compliance Notice From NASDAQ

Lifeway Foods, Inc. announced that it has received a letter, dated May 14, 2015, from the Listing Qualifications Department of The NASDAQ Stock Market LLC (NASDAQ) notifying the Company of its noncompliance with the periodic filing requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1) because it had not yet filed with the Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 or its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2015. The Nasdaq Notice states that the Company is required to submit a plan to regain compliance with Nasdaq’s filing requirements for continued listing by June 5, 2015. Upon acceptance of the Company’s compliance plan, Nasdaq is permitted to grant an extension of up to 180 days from the Form 10-K’s filing due date for the Company to regain compliance with Nasdaq’s filing requirements for continued listing. The Company is continuing to work diligently on its plan to regain compliance with Nasdaq Rule 5250(c)(1) and to file Form 10-K and Form 10-Q.

Lifeway Foods Receives Non-Compliance Notice From NASDAQ

Lifeway Foods, Inc. announced that it has received a letter, dated April 6, 2015, from the Listing Qualifications Department of The NASDAQ Stock Market LLC (NASDAQ) notifying the Company of its non-compliance with the periodic filing requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1) because it had not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 with the Securities and Exchange Commission (SEC). The Nasdaq Notice states that the Company is required to submit a plan to regain compliance with Nasdaq’s filing requirements for continued listing within 60 calendar days of the date of the Nasdaq Notice. Upon acceptance of the Company’s compliance plan, Nasdaq is permitted to grant an extension of up to 180 days from the Form 10-K’s filing due date for the Company to regain compliance with Nasdaq’s filing requirements for continued listing. The Company is working diligently on its plan to regain compliance and file its Form 10-K for the period ended December 31, 2014 as soon as practicable. The Company presently expects that the filing will be made within two weeks from the date of this release. The Company does not expect any material changes to the financial results disclosed in the Company's earnings release dated March 16, 2015.

Lifeway Foods Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Lifeway Foods Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. Total consolidated gross sales increased 20% or $21.3 million to approximately $130.2 million during the twelve-month period ended December 31, 2014 from $109.0 million during the same twelve-month period in 2013. This increase is primarily attributable to increased sales and awareness of the company's Kefir, as well as ProBugs® Organic Kefir for kids and BioKefir™. Total consolidated net sales increased 22% or $21.4 million to $119.0 million during the twelve-month period ended December 31, 2014 from $97.5 million during the same twelve- month period in 2013. Total operating income decreased $3.6 million, or approximately 45%, to $4.4 million during the twelve-month period ended December 31, 2014, from $8.0 million during the same period in 2013. Total net income was $2.8 million, or $0.17 per diluted share, for the twelve-month period ended December 31, 2014 compared to $5.0 million, or $0.31 per diluted share, in the same period in 2013. Net cash provided by operating activities was $5,060,055 against $5,841,128 a year ago. Purchases of property and equipment were $3,652,246 against $8,479,886 a year ago. Income before provision for income taxes was $4,396,568 against $7,857,173 a year ago. Income from operations was $4,422,608 against $8,031,312 a year ago. For the fourth quarter of 2014 gross sales increased 14% to $32.9 million compared to $28.9 million for the fourth quarter of 2013. This increase is primarily attributable to increased sales and awareness of the Company's Kefir, as well as ProBugs® Organic Kefir for kids and BioKefir™. Total consolidated net sales increased 15% to $30.2 million from $26.3 million in the fourth quarter of 2013. Net sales are recorded as gross sales less promotional activities such as slotting fees paid, couponing, spoilage and promotional allowances as well as early payment terms given to customers. Total net income was $0.1 million, or $0.00 per diluted share, for the three-month period ended December 31, 2014 compared to a loss of $0.5 million, or $0.02 per diluted share, in the same period in 2013.

 

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Industry Analysis

LWAY

Industry Average

Valuation LWAY Industry Range
Price/Earnings 100.0x
Price/Sales 2.6x
Price/Book 6.8x
Price/Cash Flow 51.0x
TEV/Sales 2.5x
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