{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-013596","form_type":"8-K","ticker":"BBXIB","cik":"0001814974","company_name":"BBX Capital, Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.787757+00:00","generated_at":"2026-06-15T06:55:49.195514+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BBX Capital Q1 2023 net income $7.9M on $95M revenue; Renin faces covenant breach risk","bullets":["Diluted EPS $0.55 vs loss of $0.12 YoY; net income $7.9M vs loss $1.8M.","Revenue $95.0M up 26% from $75.5M, driven by Altman consolidation; provisional non-cash gains included.","BBXRE income before taxes $17.9M (incl. non-cash gains); IT'SUGAR loss before taxes $2.5M vs $1.1M loss.","Renin sales down 16% to $28.0M, loss before taxes narrowed to $3.0M from $3.7M; expects covenant non-compliance with TD Bank.","CEO cites inflationary pressures and declining customer demand at IT'SUGAR and Renin; IT'SUGAR opened new store at Fisherman's Wharf."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-013596","json":"https://secwatch.observer/filing/0001437749-23-013596.json","markdown":"https://secwatch.observer/filing/0001437749-23-013596.md","text":"https://secwatch.observer/filing/0001437749-23-013596.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1814974/000143774923013596/0001437749-23-013596-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1814974/000143774923013596/bbxi20230327_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:55:49.195514+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2dfbf9fbafda6c205999c7b1af6a6b72ab60d52e","claim":"BBX Capital, Inc. reported the three months ended March 31, 2023 results: revenue $95.0 million, net income $7.9 million, EPS $0.55.","evidence_excerpt":"Selected highlights of BBX Capital’s consolidated financial results include: First Quarter 2023 Compared to First Quarter 2022 ● Total consolidated revenues of $95.0 million vs. $75.5 million ● Income before income taxes of $9.2 million vs. a loss before income taxes of $(2.8) million ● Net income attributable to shareholders of $7.9 million vs. a net loss attributable to shareholders of $ (1.8) million ● Diluted earnings per share of $0.55 vs. a diluted loss per share of $ (0.12)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1814974/000143774923013596/0001437749-23-013596-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$95.0 million"},{"label":"Net income","value":"$7.9 million"},{"label":"EPS","value":"$0.55"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}