secwatch.observer — SEC 8-K summary
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Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001482981-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vita Coco reports FY2022 net sales $428M (+13%); guides 2023 Adj. EBITDA $52-58M
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- Q4 net sales $92M (+6% YoY); net loss $(3M); Adjusted EBITDA $4M vs $1M prior year.
- FY2022 net sales $428M (+13%) driven by Vita Coco Coconut Water growth of 18%; net income $8M ($0.14 diluted EPS) vs $19M ($0.35).
- Full-year gross margin 24.2% vs 29.8% due to higher transport costs; Q4 included $7M non-cash impairment of Runa intangibles.
- FY2023 guidance: net sales growth 9-11%; gross margin 32-34%; Adjusted EBITDA $52-58M (up from $20M in 2022).
- Expect significant cost of goods improvements in 2023; first quarter gross margin approaching 30%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298123000011/0001482981-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298123000011/coco-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001482981-23-000011

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