secwatch.observer — SEC 8-K summary
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Issuer:     Zevia PBC (ZVIA)
CIK:        0001854139
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055058
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zevia Q1 net sales $38.8M (-10.4%); net loss $7.2M; launches DSD and cost-cutting plan
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- Net sales $38.8M, down 10.4% YoY; unit volume fell 10.4% to 3.0M cases.
- Net loss of $7.2M ($0.10 diluted loss per share) vs $2.9M loss YoY.
- Gross margin 45.7%, down 0.8pp YoY but up 5.0pp from Q4 2023.
- Launched regional direct-store-delivery partnerships in Pacific Northwest; first phase of route-to-market shift.
- Productivity initiative aims for $8M-$12M annualized cost savings; FY 2024 net sales guidance $158M-$166M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854139/000095017024055058/0000950170-24-055058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854139/000095017024055058/zvia-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055058

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