---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-016101"
form_type: "8-K"
ticker: "STKL"
cik: "0000351834"
company_name: "SunOpta Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:42:17.841580+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SunOpta Q2 net loss $18.8M, oat milk revenue up 59%; revises FY2023 outlook lower

## Summary
- Revenue $207.8M (-6.5% adj. for sunflower); net loss $18.8M vs prior year net income $1.5M, includes $8.8M tax valuation allowance and $2.5M frozen fruit recall cost.
- Adjusted EBITDA $20.2M (9.7% of revenue) vs $22.3M (9.2%) prior year; oat milk sales up 59%, fruit snacks double-digit growth.
- Frozen fruit recall due to potential Listeria from third-party supplier; net expense $2.5M in Q2, restocking customers in July.
- Revised FY2023 revenue outlook to $880-900M (down 4-6%) and Adj. EBITDA to $87-91M; prior outlook was $1.0-1.05B revenue.
- Cash from operations $15.9M vs ($2.5M) prior year; investing activities in continuing ops consumed $8.1M vs $34.1M prior year.

## SEC filing metadata
- accession: 0001062993-23-016101
- form_type: 8-K
- ticker: STKL
- cik: 0000351834
- company_name: SunOpta Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/351834/000106299323016101/0001062993-23-016101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/351834/000106299323016101/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-016101
- JSON: https://secwatch.observer/filing/0001062993-23-016101.json
- Plain text: https://secwatch.observer/filing/0001062993-23-016101.txt

## Key facts
- Earnings Releases
  SunOpta Inc. reported financial results for the second quarter ended July 1, 2023.
  - Period: the second quarter ended July 1, 2023
  - Result: reported results
  source text: On August 9, 2023, SunOpta Inc. (the "Company") issued a press release announcing financial results for the first quarter ended July 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/351834/000106299323016101/0001062993-23-016101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.