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NEW YORK - DDC Enterprise, Ltd. (NYSEAM:DDC), known as DayDayCook, a leading Asian consumer food company with a current market capitalization of $13.92 million, disclosed that Chairwoman and CEO Norma Chu has increased her stake in the company through a private placement of 10,000,000 shares. Alongside this investment, a new investor has participated in the funding round, contributing a total of $2,278,080 to the company. According to InvestingPro data, the stock has shown significant momentum with a 15.79% return over the past week, despite being down 82.54% over the past year.
The announcement comes after a challenging year for DDC, with Chu expressing confidence in the company’s resilience and potential for long-term growth. Following the recent compliance with NYSE listing standards, she plans to purchase up to 10% of DDC’s outstanding shares in the open market, complying with insider trading regulations. InvestingPro analysis suggests the stock is currently undervalued, with 12 additional exclusive insights available to subscribers.
DDC is projecting a record revenue for the calendar year 2024, estimating gross revenue between $34-$40 million and a gross margin of 23.5-27%, building on its current trailing twelve-month revenue growth of 18.16% and gross margin of 25.04%. The anticipated adjusted EBITDA for 2024 is expected to align with the figures reported as of June 30, 2024, where the company reported an EBITDA of -$20.77 million. As of December 31, 2024, the company’s cash, cash equivalents, and short-term investments are estimated at $26.2 million.
On February 14, 2025, DDC regained full compliance with the New York Stock Exchange’s continued listing standards, resolving previous listing deficiencies.
DayDayCook’s mission is to promote Asian cooking culture globally, offering a variety of healthy food products. The company’s portfolio includes brands such as Nona Lim, Yai’s Thai, Omsom, MengWei, and Yujia Weng.
The press release also contained forward-looking statements regarding the company’s financial outlook and business strategies. These statements are based on current expectations and projections, and while the company believes them to be reasonable, they are subject to known and unknown risks and uncertainties.
The information in this article is based on a press release statement from DDC Enterprise, Ltd.
In other recent news, DDC Enterprise, Ltd. has announced the appointment of George Lai as an independent member of its Board of Directors. Lai will also take on the role of chairing the Audit Committee, following the resignation of Ms. Wei Qiao. With a background in finance and accounting, Lai brings experience from his previous roles at The9 Limited and Deloitte Touche Tohmatsu, which is expected to benefit DDC Enterprise’s business strategy. The company highlighted Lai’s involvement in Bitcoin financial management and initial public offerings in both the United States and China as part of his extensive professional journey. CEO Norma Chu expressed confidence in Lai’s potential contributions to the company’s growth. DDC Enterprise, known for its diverse range of Asian food products, continues to focus on expanding its culinary offerings globally. The company advises investors to consult its SEC filings for a detailed understanding of potential risks and uncertainties affecting future performance.
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