Golden Growers Cooperative is a value-added agricultural cooperative association owned by 1,531 members primarily from Minnesota, North Dakota and South Dakota, all of whom deliver corn to the Cooperative for processing into a value-added product. The Cooperative was originally formed in 1994 as a North Dakota agricultural cooperative. On September 1, 2009, by way of a series of mergers, the Cooperative changed its domicile and form of entity from a North Dakota cooperative to a Minnesota cooperative association governed under Minnesota Statutes Chapter 308B. A Minnesota cooperative association formed under Minnesota Statutes 308B operates as a cooperative for state law purposes, but is taxed as a partnership under Subchapter K of the Internal Revenue Code for tax purposes.
Company profile
Ticker
GGROU
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
8-K
Changes in Registrant's Certifying Accountant
27 Mar 24
8-K
Changes in Registrant's Certifying Accountant
27 Mar 24
8-K
Submission of Matters to a Vote of Security Holders
27 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
10-Q
2023 Q3
Quarterly report
13 Nov 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
10-Q
2023 Q1
Quarterly report
5 May 23
8-K
Amendments to Articles of Incorporation or Bylaws
29 Mar 23
10-K
2022 FY
Annual report
8 Mar 23
10-Q
2022 Q3
Quarterly report
4 Nov 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 2.84 mm | 2.84 mm | 2.84 mm | 2.84 mm | 2.84 mm | 2.84 mm |
Cash burn (monthly) | (no burn) | 2.33 k | (no burn) | (no burn) | 9.33 k | 23.17 k |
Cash used (since last report) | n/a | 15.56 k | n/a | n/a | 62.25 k | 154.51 k |
Cash remaining | n/a | 2.82 mm | n/a | n/a | 2.77 mm | 2.68 mm |
Runway (months of cash) | n/a | 1208.8 | n/a | n/a | 297.2 | 115.7 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 23 | Scott Stofferahn | Membership Units | Buy | Acquire P | Yes | No | 4.5 | 11,493 | 51.72 k | 28,160 |
3 Jan 23 | Mark Leon Harless | Membership Units | Buy | Acquire P | No | No | 4.5 | 10,000 | 45.00 k | 58,000 |