Landec Corporation Income Tax Provision

Income Tax Provision of LNDC for past 10 years: annual, quarterly and twelve month trailing (TTM) including Income Tax Provision growth rates and interactive chart. The actual income tax expense for the applicable year.


Highlights and Quick Summary

  • Income Tax Provision for the quarter ending February 27, 2021 was $-217 Thousand (a -91.96% decrease compared to previous quarter)
  • Year-over-year quarterly Income Tax Provision decreased by -95.89%
  • Annual Income Tax Provision for 2020 was $-13.1 Million (a -964.03% decrease from previous year)
  • Annual Income Tax Provision for 2019 was $1.52 Million (a -116.21% decrease from previous year)
  • Annual Income Tax Provision for 2018 was $-9.36 Million (a -331.76% decrease from previous year)
  • Twelve month Income Tax Provision ending February 27, 2021 was $-12.5 Million (a -28.95% decrease compared to previous quarter)
  • Twelve month trailing Income Tax Provision decreased by -4.68% year-over-year
Trailing Income Tax Provision for the last four month:
27 Feb '21 29 Nov '20 30 Aug '20 30 May '20
$-12.5 Million $-17.6 Million $-16.1 Million $-13.1 Million
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Historical Income Tax Provision of Landec Corporation

Most recent Income Tax Provisionof LNDC including historical data for past 10 years.

Interactive Chart of Income Tax Provision of Landec Corporation

Landec Corporation Income Tax Provision for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $-0.22
2020 $-2.7 $-4.31 $-5.28 $-5.31 $-13.12
2019 $-1.17 $-1.37 $0.6 $0.39 $1.52
2018 $0.42 $0.11 $1.99 $-12.83 $-9.36
2017 $0.17 $1.31 $-0.1 $1.56 $4.04
2016 $0.69 $1.89 $2.05 $-12.51 $-7.4
2015 $1.07 $1.69 $2.34 $2.32 $7.75
2014 $1.79 $1.3 $2.56 $3.68 $10.58
2013 $1.87 $2.48 $1.21 $2.75 $9.45
2012 $2.92 $2.57 $1.11 $2.92 $7.19
2011 $2.05 $1.11 $0.27 $1.35 $4.18
2010 $1.21 $1.35 $1.01 $4.26

Business Profile of Landec Corporation

Sector: Consumer Defensive
Industry: Packaged Foods
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels. It serves retail grocery chains, club stores, and food service operators. The Lifecore segment engages in the manufacture of pharmaceutical-grade sodium hyaluronate (HA) in bulk form, as well as formulated and filled syringes and vials for injectable products used in treating a range of medical conditions and procedures. It also provides services, including technology transfer, material component changes, analytical method development, formulation development, pilot studies, stability studies, process validation, and production of materials for clinical studies to its partners for HA-based and non-HA based aseptically formulated and filled products. This segment sells its non-HA products for medical use primarily in the ophthalmic, orthopedic, and other markets. It sells its products directly to partners in the medical device and pharmaceutical markets. The company was founded in 1986 and is headquartered in Santa Clara, California.