secwatch.observer — SEC 8-K summary
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Issuer:     Sow Good Inc. (SOWG)
CIK:        0001490161
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0000950170-24-060063
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sow Good Q1 revenue jumps to $11.4M, net income $510.6K; uplists to Nasdaq
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- Q1 revenue $11.4M (vs $199K YoY); net income $510.6K (vs loss of $1.4M).
- Adjusted EBITDA $2.45M; gross margin 40.6% (down from 57.8% due to scaling costs).
- Production capacity reached 4.5M units in Q1; full-year target of up to 30M units.
- Subsequent warrant exercise reduced debt by $5.2M; public offering raised $13.8M gross.
- Nasdaq uplisting May 2, 2024; new retail launches at Kroger, Dollar General, 7-Eleven.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490161/000095017024060063/0000950170-24-060063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490161/000095017024060063/sowg-20240515.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-060063

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