secwatch.observer — SEC 8-K summary
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Issuer:     UNIFI INC (UFI)
CIK:        0000100726
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000950170-23-001612
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unifi Q2 FY2023 net loss $1.00/share; sales down 32.4% on inventory destocking
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- Net sales $136.2M, down 32.4% YoY; REPREVE revenue fell to $42.9M (31% of sales) from $81.5M (40%).
- Gross loss of $8.0M vs gross profit of $16.9M YoY; operating loss $19.8M vs income $4.6M.
- Net loss $18.0M ($1.00 diluted EPS); adjusted net loss $21.8M; adjusted EBITDA -$13.0M.
- Credit facility amended to $230M, maturity extended to Oct 2027; net debt stable at $79.6M.
- Cash from operations $7.3M for H1 FY2023 vs -$4.0M prior year, aided by working capital controls.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100726/000095017023001612/0000950170-23-001612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100726/000095017023001612/ufi-20230201.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001612

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