secwatch.observer — SEC 8-K summary
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Issuer:     SunOpta Inc. (STKL)
CIK:        0000351834
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001062993-23-016101
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351834/000106299323016101/0001062993-23-016101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351834/000106299323016101/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-016101

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