secwatch.observer — SEC 8-K summary
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Issuer:     Zevia PBC (ZVIA)
CIK:        0001854139
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0000950170-22-009461
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zevia Q1 net sales +24% to $38M; net loss widens to $17.5M; CFO departs
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- Net sales $38.0M, up 24% YoY; unit volume +21% to 3.4M equivalized cases.
- Gross margin fell to 38.4% from 46.2% due to inflation and mix; net loss $17.5M ($0.30/share).
- Adjusted EBITDA loss $8.3M vs. +$0.5M a year ago; includes $8.9M non-cash equity comp.
- FY2022 guidance reaffirmed: net sales $177M-$182M (+28-32%); Q2 seen at $41M-$43M.
- CFO Bill Beech departed May 6; severance of $280K over 12 months plus health benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854139/000095017022009461/0000950170-22-009461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854139/000095017022009461/zvia-20220506.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-009461

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer