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We just got Beyond Meat's first earnings report and here are some of the biggest takeaways for investors looking at this company. The first takeaway was  definitely the profitability. Now they talked a lot about how they're going to get there and they mentioned their 210% increase in net revenue from last year. The other big takeaway would be partnerships. On the earnings call, CEO Ethan Brown talked about Beyond meat's partnerships with del Taco and Carl's Jr. He also skillfully dodged a question about the possible McDonald's partnership and instead went into details about how Beyond Meat works with their partners. But he remained very vague about what partners he was referring to. And the final takeaway from the earnings call was when CEO Ethan Brown mentioned Beyond Burger 2.0. He said that the Beyond Burger 2.0 is slated for retail release later this summer. Now that's important for investors  because this space, the plant based Burger space and the plant based meat space is really competitive as of late. We've got Nestle coming in with their awesome burger, which they say will be more healthy than Impossible and Beyond Meat's Burgers, and we'll possibly see a plant based meat alternative from Tyson foods sometime in the future. So investors, there you have it. Those are the three biggest takeaways from Beyond Meat's first earnings report.

Beyond Meat (BYND) went up and beyond beating analysts' expectations in its quarterly earnings report.

This was the company's first earnings release since it went public in May 2019.

"We are very pleased with our successful IPO during the month of May and our strong first-quarter financial results that we believe demonstrate mainstream consumers' desire for plant-based meat products in the United States and internationally," said Ethan Brown, Beyond Meat president and CEO.

"Our team continued to scale our business in both retail and foodservice as we benefited from broad-based growth in the first quarter. Looking ahead, we believe we are in the early stages of achieving the growth that Beyond Meat is capable of as we remain focused on efforts to increase brand awareness, expand our distribution channels, launch additional innovative products, and invest in our infrastructure and capacity to be able to serve a robust global market for plant-based meats," Ethan Brown continued.

To find out what were the three biggest takeaways from Beyond Meat's first earnings call, watch the video above.

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Editor's note: This story has been updated.