secwatch.observer — SEC 8-K summary
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Issuer:     Zevia PBC (ZVIA)
CIK:        0001854139
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001193125-21-244760
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zevia reports record Q2 net sales of $34.4M but net loss widens; CEO takes $1 salary
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- Net sales $34.4M (+24% YoY), record high; gross margin 47% vs 50% due to higher trade discounts.
- Net loss $0.7M ($0.30 diluted loss per share) vs net income $3.1M ($0.10 EPS) in Q2 2020.
- Adjusted EBITDA loss $0.4M vs income $3.5M; selling & marketing expenses nearly doubled to $10.7M.
- CEO Paddy Spence to forgo $306,820 annual salary and bonus, moving to $1 cash compensation effective Aug 1.
- IPO completed July 26, raised $139.7M net; ESG metrics: eliminated 3K metric tons sugar and 44M plastic bottles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854139/000119312521244760/0001193125-21-244760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854139/000119312521244760/d184897d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-244760

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