---
schema_version: "secwatch.filing_event.v1"
accession: "0000719733-24-000115"
form_type: "8-K/A"
ticker: "KTCC"
cik: "0000719733"
company_name: "KEY TRONIC CORP"
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T14:12:21.788590+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Key Tronic restates Q4 FY2024: net income of $37K becomes net loss of $1.99M

## Summary
- Net sales revised up to $126.6M but cost of sales increased $3.0M, reducing gross profit by $2.2M.
- GAAP net loss is $1.986M ($0.18 EPS loss) vs. previously reported $37K net income; significant swing.
- Operating income corrected to $116K from $2.7M due to insurance proceeds and expense adjustments.
- Restatement covers FY2023, FY2022, and multiple quarters; Q4 FY2024 corrections in this 8-K/A.
- Non-GAAP adjusted net loss of $600K excludes $2.34M cybersecurity expenses and other items.

## SEC filing metadata
- accession: 0000719733-24-000115
- form_type: 8-K/A
- ticker: KTCC
- cik: 0000719733
- company_name: KEY TRONIC CORP
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719733/000071973324000115/0000719733-24-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719733/000071973324000115/ktcc-20240813.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000719733-24-000115
- JSON: https://secwatch.observer/filing/0000719733-24-000115.json
- Plain text: https://secwatch.observer/filing/0000719733-24-000115.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.