{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-019900","form_type":"8-K","ticker":"RMCF","cik":"0001616262","company_name":"Rocky Mountain Chocolate Factory, Inc.","filed_at":"2023-07-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.563964+00:00","generated_at":"2026-06-13T08:44:52.313605+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Rocky Mountain Chocolate Factory Q1 net loss widens to $1.5M; revenue down 7%","bullets":["Revenue $6.4M vs $6.9M YoY; gross margin fell to 5.1% from 16.3% on lower production and higher costs.","Net loss from continuing ops $1.5M ($0.24/share) vs loss of $0.3M ($0.05) a year ago.","Adjusted EBITDA turned negative at $(0.8)M from positive $0.7M.","Achieved $700K in annual cost savings, 60% of $1.2M target; completed sale of U-Swirl frozen yogurt business.","Entered partnership with cold chain logistics provider for nationwide two-day delivery."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-019900","json":"https://secwatch.observer/filing/0001437749-23-019900.json","markdown":"https://secwatch.observer/filing/0001437749-23-019900.md","text":"https://secwatch.observer/filing/0001437749-23-019900.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616262/000143774923019900/0001437749-23-019900-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616262/000143774923019900/rmcfd20230713_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T08:44:52.313605+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":"f59570e550da071184e18bb25eae95fac33aeceb","claim":"Rocky Mountain Chocolate Factory, Inc. reported the three months ended May 31, 2023 results: revenue $6.4 million, net income $1.5 million loss, EPS $(0.24) per share.","evidence_excerpt":"Total revenue was $6.4 million compared to $6.9 million. The decrease was primarily due to $0.3 million of lower shipment of products related to the planned exit of two customers. ● Total factory and retail gross profit was $0.3 million compared to $0.9 million, with gross margin of 5.1% compared to 16.3%. The decrease was primarily due to lower production volume resulting from the Company’s strategy to produce finished goods closer to final consumption, the aforementioned reduction of non-core SKUs, and higher costs related to wages and inflation. This was partially offset by positive contributions to gross profit including lower transportation expense, reduced waste and scrap, and lower warehousing expense. ● Total operating expenses were $7.9 million compared to $7.2 million. The increase was primarily due to increased staffing costs driven by new mid- and senior leadership, including the Company’s CEO, CFO and Senior Supply Chain Advisor whom are all working to drive the aforementi","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616262/000143774923019900/0001437749-23-019900-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended May 31, 2023"},{"label":"Revenue","value":"$6.4 million"},{"label":"Net income","value":"$1.5 million loss"},{"label":"EPS","value":"$(0.24) per share"},{"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"}