secwatch.observer — SEC 8-K summary
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Issuer:     Zevia PBC (ZVIA)
CIK:        0001854139
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000950170-24-092271
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zevia Q2 net sales $40.4M beat guidance; net loss widens to $7.0M
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- Net sales $40.4M, down 4.3% YoY; volumes fell 5.9%, partially offset by higher price realizations.
- Net loss $7.0M ($0.10 diluted loss per share) vs. $5.0M loss a year ago; adjusted EBITDA loss $4.4M.
- Gross margin 41.9%, down 470 bps due to inventory write-downs and higher unit costs.
- Productivity initiative now expected to deliver $12M in annualized savings.
- FY 2024 net sales guidance reaffirmed at $158M-$166M; Q3 guidance $37M-$40M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854139/000095017024092271/0000950170-24-092271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854139/000095017024092271/zvia-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-092271

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