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ALL NATURAL MAMAMANCINI'S An Original Family Recipe Source : MamaMancini's Holdings , Inc. September 09 , 2021 16:05 ET MamaMancini's Reports Second Quarter 2022 Financial Results Shipments into New Tier - 1 Placements Drives Strong 17 % Year - over - Year Sales Growth Elevated Commodity / Shipping Costs Compress Margins Through Year - End ; One - Time Uplisting Expenses Reflected in Second Quarter Expenses EAST RUTHERFORD , NJ , Sept. 09 , 2021 ( GLOBE NEWSWIRE ) -- MamaMancini's Holdings , Inc. ( NASDAQ : MMMB ) , a marketer of specialty pre - prepared , frozen and refrigerated food products , has reported its financial results for the fiscal second quarter ended July 31 , 2021 . Financial Summary : Revenues Gross Profit Operating Expenses Pre - Tax Net Income Net Income Three Months Ended July 31 , Year - over- Year 2021 2020 % Change EA EA EA EA EA EA EA $ 12.1 million $ 10.3 million 17.7 % $ 3.4 million $ 3.1 million 9.5 % $ 2.8 million $ 2.3 million 22.6 % 0.6 million $ 0.7 million $ 0.4 million $ 0.7 million ( 22.0 % ) 41.6 % $ 0.01 $ 0.02 ( 50 % ) 4.3 million $ 1.7 million 150 % Earnings per Share Cash Second Quarter 2022 & Subsequent Operational Highlights : • Completed uplisting to the Nasdaq Capital Market on July 15 , 2021 , under the symbol " MMMB " to help elevate the Company's public profile , expand its potential shareholder base , improve liquidity and enhance shareholder value . • Advanced the Company's active acquisition program targeting complementary food product firms with sales in the $ 12 to $ 20 million per year range , generating positive EBITDA with a product that is symbiotic to MamaMancini's existing retail , club store and food service distribution network . • Secured new product placements for second and third quarter at tier - 1 retailers including pasta bowls at Publix and Albertsons Safeway ; stuffed peppers at BJ's ; MamaMancini's branded retail sleeves including plant - based products as part of Amazon Fresh ; and several additional big box retailer placements pending final authorization . • Developed MamaMancini's Branded Meatball in a Cup for Convenience Stores , with initial trial placements in the second half of 2021 . • Secured credit line from M & T Bank for potential acquisitions , with a total available credit line of up to $ 12.5 million , in addition to a $ 4.3 million cash balance . • Received the coveted Food Product of the Month at QVC for the month of September . • Registered to attend upcoming investor conferences nationwide including the Taglich Brothers Investment Conference on September 13th and the LD Micro Main Event on October 12th . Management Commentary