Company: HFFG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001680873-25-000074
Chunk: 2

Company: HF Foods Group Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 2
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 511 6,393 3,051 Interest expense2,941 2,644 8,367 8,597 Other (income) expense, net(234)(332)(825)3,040 Change in fair value of interest rate swap contracts47 3,290 1,916 959 Lease guarantee income— — — (5,548)LOSS BEFORE INCOME TAXES(1,634)(5,091)(3,065)(3,997)Income tax expense (benefit)(760)(1,254)(1,171)164 NET LOSS AND COMPREHENSIVE LOSS(874)(3,837)(1,894)(4,161)Less: net income (loss) attributable to noncontrolling interests242 103 (349)456 NET LOSS AND COMPREHENSIVE LOSS ATTRIBUTABLE TO HF FOODS GROUP INC.$(1,116)$(3,940)$(1,545)$(4,617)LOSS PER COMMON SHARE - BASIC$(0.02)$(0.07)$(0.03)$(0.09)LOSS PER COMMON SHARE - DILUTED$(0.02)$(0.07)$(0.03)$(0.09)WEIGHTED AVERAGE SHARES - BASIC53,031,801 52,726,683 52,913,907 52,490,321 WEIGHTED AVERAGE SHARES - DILUTED53,031,801 52,726,683 52,913,907 52,490,321 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.2

HF Foods Group Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) 

Nine Months Ended September 30,20252024Cash flows from operating activities:Net loss$(1,894)$(4,161)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization expense21,269 19,932 Provision (credit) for expected credit losses(357)(40)Deferred tax benefit(2,856)(1,175)Change in fair value of interest rate swap contracts1,916 959 Stock-based compensation1,618 1,961 Non-cash lease expense3,745 2,955 Lease guarantee income— (5,548)