The Real Good Food Company Inc. — Cyborg Score 2/10
Challenged
Food & Beverage (Frozen/Refrigerated Foods - Health & Wellness)
Strategic Profile
The company maintains significant retail distribution in 16,000+ stores nationwide and direct-to-consumer channels, with strong social media followings in the frozen food industry. However, the company faces critical challenges: Real Good Food received a delisting notice from Nasdaq due to non-compliance with listing requirements, specifically failing to file periodic financial reports. The company announced its intention to voluntarily delist from Nasdaq and deregister with the SEC, citing significant financial and administrative requirements of being a public company.
Cyborg Score Rationale
The company operates in an attractive health/wellness food category with significant retail distribution, but faces severe regulatory and operational distress. Delisting from Nasdaq combined with filing failures and voluntary deregistration signals fundamental organizational dysfunction and elevated risk of business failure.
Top Insights
Company was delisted from NASDAQ in January 2025 due to failure to file required periodic financial reports
Voluntarily chose to deregister with SEC in January 2025, ending obligation to file regular financial reports
Operates in attractive health/wellness frozen foods segment with broad retail distribution (16,000+ stores)
Recent debt refinancing with $60 million from Emblem Investments in September 2024 suggests financial stress