secwatch.observer — SEC 8-K summary
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Issuer:     Zevia PBC (ZVIA)
CIK:        0001854139
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0000950170-23-059761
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zevia Q3 net sales down 2.6% to $43.1M; net loss widens to $11.3M
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- Net sales $43.1M vs $44.2M YoY; unit volume down 8.2% to 3.3M cases.
- Gross margin improved to 45.4% (+2.1pp); net loss $11.3M ($0.16/sh) vs $9.2M loss.
- Adjusted EBITDA loss $9.1M vs $2.1M loss a year ago; selling & marketing costs surged.
- FY 2023 net sales guidance narrowed to $165M-$168M; Q4 projected $36M-$39M.
- Cash $38.5M, no debt; supply chain logistics challenges cited for volume decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854139/000095017023059761/0000950170-23-059761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854139/000095017023059761/zvia-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-059761

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