Beyond Meat Inc. (NASDAQ: BYND) faces financial turmoil with a 13% revenue drop to $70 million and a $111 million loss in the latest quarter. Projections for the current quarter are as low as $60 million. The company’s stock plummeted from $235 to barely above $1.20, signaling potential bankruptcy.

The Food Institute predicts Beyond Meat will go bankrupt in 2027 due to substantial debt. Bondholders may take over the company through bankruptcy. The company recently restructured its financials with a convertible note, causing its stock to plummet by 58%.

Beyond Meat’s downfall is attributed to high prices, highly processed products, and differences in taste and texture compared to regular meat. Despite claims of being healthier, the company is unable to overcome these challenges, leading to inevitable failure.

Investors face uncertainty as Beyond Meat’s stock continues to decline sharply. The company’s future looks bleak as bankruptcy looms, leaving shareholders in financial distress.

Read more at Yahoo Finance: Beyond Meat Completely Destroyed