02:35 PM EDT, 03/15/2024 (MT Newswires) -- Laird Superfood ( LSF ) shares climbed 25% in recent Friday trading after the company said it expects its gross margin to improve this year and beyond.

The company expects a gross margin of 37% to 40% this year and the years to come, up from last year's 30.4%.

Laird also said it is in talks with lenders and is optimistic that it could put an asset-backed loan in place this year, as it projects its cash balance to be at $5.4 million by the end of this year, from $7.7 million at end-2023.

Price: 2.99, Change: +0.60, Percent Change: +25.10