Whole Earth Brands Inc   (FREE)
Other Ticker:  
Price: $4.7600 $-0.02 -0.418%
Day's High: $4.78 Week Perf: -0.42 %
Day's Low: $ 4.76 30 Day Perf: 22.05 %
Volume (M): 407 52 Wk High: $ 4.79
Volume (M$): $ 1,936 52 Wk Avg: $3.38
Open: $4.78 52 Wk Low: $2.09

 Market Capitalization (Millions $) 199
 Shares Outstanding (Millions) 42
 Employees -
 Revenues (TTM) (Millions $) 537
 Net Income (TTM) (Millions $) -91
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 4

Whole Earth Brands Inc

We were incorporated on April 23, 2004 under the name “Adventure Holdings S.A.” pursuant to the laws of the Republic of the Marshall Islands to serve as the parent holding company of our ship-owning entities. On April 27, 2005, we changed our name to “FreeSeas Inc.”

We became a public reporting company on December 15, 2005, when we completed a merger with Trinity Partners Acquisition Company Inc., or Trinity, a blank check company formed to serve as a vehicle to complete a business combination with an operating business, in which we were the surviving corporation. At the time of the merger we owned three drybulk carriers. We currently own six vessels, each of which is owned through a separate wholly owned subsidiary.

Our common stock currently trades on the NASDAQ Capital Market under the trading symbol “FREE”.

Our principal executive offices are located at 10, Eleftheriou Venizelou Street (Panepistimiou Ave.), 10671, Athens, Greece and our telephone number is 011-30-210-452-8770.

Grow and optimize our fleet. We aim to grow our fleet in order to take advantage of the cyclical downturn of the dry-bulk market ahead of its expected cyclical improvement. A larger and well diversified fleet in terms of operational deployment is expected to provide optimal return on capital. We are focused on deploying our capital to optimize return on capital including through the disposal of assets that require disproportionate amounts of capital for maintenance or upgrading to continue generating income, and replace them with assets that have technical and commercial specifications allowing them to immediately yield income to the bottom line.

Focus on Handysize and Handymax carriers with a view to expanding into other asset classes. Our existing fleet of drybulk carriers consists of Handysize and Handymax vessels. Given the relatively low number of Handysize drybulk vessels on order, and a relatively great number of Handysize drybulk vessels at an age of 20 years or older, we believe there will be continued demand for such vessels. Handysize vessels are typically shallow-drafted and equipped with onboard cranes. This makes them more versatile and able to access a wider range of loading and discharging ports than larger ships that are unable to service many ports due to their size or the lack of local port infrastructure. Many countries in the Asia Pacific region, including China, as well as countries in Africa and South America, have shallow ports. We believe that our vessels, and any Handysize or Handymax that we may acquire, should enable us to transport a wider variety of cargoes and to pursue a greater number of chartering opportunities than if we owned larger drybulk vessels. Handysize vessels have also historically achieved greater charter rate stability than larger drybulk vessels. The recent market downturn has particularly affected the value of larger asset classes creating the potential for relatively greater capital appreciation and operational leverage as the market recovers. We shall also consider pursuing investments in larger asset classes in order to take advantage of all available opportunities as they arise.

Build on our experience in operating older vessels. Our experience in managing older vessels provides us with the flexibility to make investments in older vessels, a segment where little or no financing is available from traditional capital sources, and often superior return on capital can be achieved compared to high capital modern vessels.

Build upon our strategic relationships. We intend to continue to build upon our extensive experience and relationships with ship brokers, financial institutions, industrial partners and commodity traders. We use these relationships to identify chartering and acquisition opportunities and gain access to sources of additional financing, industry contacts and market intelligence. In addition, our relationships and experience with insurers and technical service providers, spares suppliers and repair shipyards position us optimally for the competitive operation of a versatile fleet with heavy employment commitments and demanding technical requirements.

   Company Address: 125 S. Wacker Drive Chicago 60606 IL
   Company Phone Number: 840-6000   Stock Exchange / Ticker: NASDAQ FREE
   FREE is expected to report next financial results on March 12, 2024.


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Merger and Acquisition

Whole Earth Brands Embarks on Exciting Acquisition Journey with Sababa Holdings, Offering Generous Cash Offer to Shareholders.

Published Tue, Feb 13 2024 1:01 PM UTC

Whole Earth Brands shareholders are in for a lucrative deal as they are set to receive $4.875 in cash for each share they hold in an upcoming acquisition. This agreement was recently signed by Whole Earth Brands Inc, a prominent player in the Food Processing industry.
Whole Earth Brands Inc is a company operating in the Food Processing sector, primarily involved in the p...

Whole Earth Brands Inc

Whole Earth Brands Inc ramps up revenue consolidation during challenging Q3 period

Despite a decline in demand and falling revenue for the July to September 30, 2023 interval, there are signs of hope for Whole Earth Brands Inc. Although the company experienced a -1.295% decrease in revenue, with a deficit per share of $-0.13 compared to $-0.06 per share in the same quarter the previous year, it is important to note that the overall Food Processing sector also saw revenue improvements during this period.
While the numbers may appear discouraging at first glance, it is worth considering the positive aspects. In comparison to the preceding quarter, Whole Earth Brands Inc experienced a growth in revenue by 0.867% to $132.38 million and a decrease in deficit per share from $-0.13 to $-0.06. This indicates that the company is heading in the right direction and making progress towards profitability.

Whole Earth Brands Inc

Whole Earth Brands Inc faces challenges but shows signs of improvement in Q2 2023

The fiscal second quarter of 2023 proved to be a challenging period for Whole Earth Brands Inc, as the company experienced a deteriorating business and eventually ended up with a deficit. The company's revenue saw a decline of -0.841%, dropping to $132.38 million. Moreover, the loss per share during this financial reporting period was at $-0.13, in contrast to the $0.03 per share recorded in the same period a year ago.
Comparing these figures with the prior financial reporting period, there were some improvements in certain areas. The loss per share improved from $-0.47 per share, indicating a positive trend for Whole Earth Brands Inc. However, the revenue still decreased slightly by -0.028%, reaching $132.42 million.

Whole Earth Brands Inc

Whole Earth Brands Inc. Reports Increased Revenue of 1.397% in First Quarter of 2023 Amidst Financial Turbulence

Whole Earth Brands Inc is a company within the transportation sector that has been experiencing some turbulence in its financial performance. For the first quarter of the 2023 earnings season, the company has reported losses that expanded to $-0.47 per share, compared to a positive $0.07 per share a year ago. However, Income per Share has improved from a negative $-1.49 per share from the previous financial reporting period.
The Revenue for Whole Earth Brands Inc. has grown softly by 1.397% to $132.42 million from $130.59 million in the corresponding financial reporting period a year ago, but sequentially, Revenue decreased by -4.665% from $138.90 million. In the first quarter of 2023 earnings season, the company logged a net shortfall of $-19.797 million, instead of earnings of $2.726 million that was achieved in the corresponding financial reporting period a year before.
Operating earnings for Whole Earth Brands Inc. fell by -57.52% to $3.001 million, squeezing the company's operating margin to 2.27%, from 5.41% in the first quarter of 2022. The company is expected to report next on August 08, 2023. With a revenue increase of 1.4% in the first quarter 2023, year on year to a cumulative value of $540 million, Whole Earth Brands Inc. revenue per employee grew on a trailing twelve-month basis to $540,097,000.
The productivity of Whole Earth Brands Inc.'s employees was 4.0067979522533E-13%, above the company average. The company has only one employee, which is lower than many of its peers in the transportation sector. Of the companies' peers within the transportation sector, employees of two other companies have achieved higher revenue per employee compared to Whole Earth Brands Inc. However, the company's overall ranking has deteriorated compared to the fourth quarter of 2022, from seven to ten positions.
Whole Earth Brands Inc. has an innovative and diverse product portfolio, which includes natural and organic products, which are receptive to the growing consumer demand for healthy and sustainable choices. The company's brands include Wholesome, Swerve, Whole Earth Sweetener Co., and Equal. These brands have a reputation for providing a complete range of sweeteners, spices, and seasoning products that meet the needs of diverse customer segments.
Although the company has reported losses in the first quarter of 2023, there are reasons to believe that Whole Earth Brands Inc. is a sound investment. The company has shown consistent growth in revenue over the years, and its strong and diverse brand portfolio ensures that it can adapt to ever-changing market demands.
Furthermore, the company operates in a sector that is projected to experience significant growth over the coming years due to increasing consumer awareness and demand for organic foods. The market for organic food and natural products is expected to grow by over $1.5 trillion by 2027, and Whole Earth Brands Inc. is ideally positioned to capitalize on this growth.


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