---
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"
generated_at: "2026-06-13T08:44:52.313605+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rocky Mountain Chocolate Factory Q1 net loss widens to $1.5M; revenue down 7%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-019900
- JSON: https://secwatch.observer/filing/0001437749-23-019900.json
- Plain text: https://secwatch.observer/filing/0001437749-23-019900.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended May 31, 2023
  - Revenue: $6.4 million
  - Net income: $1.5 million loss
  - EPS: $(0.24) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1616262/000143774923019900/0001437749-23-019900-index.htm

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