{"schema_version":"secwatch.filing_event.v1","accession":"0001482981-24-000060","form_type":"8-K","ticker":"COCO","cik":"0001482981","company_name":"Vita Coco Company, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.607909+00:00","generated_at":"2026-06-03T02:41:36.073482+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Vita Coco Q1 net income doubles to $14M ($0.24 EPS); raises FY guidance to $500-510M revenue","bullets":["Net sales $112M (+2% YoY); gross margin 42.2% vs 30.7% a year ago.","Net income $14M ($0.24 diluted EPS) vs $7M ($0.12) in Q1 2023.","Adjusted EBITDA $21M vs $9M; company raised FY 2024 Adjusted EBITDA guidance to $76-82M.","Cash $123M, no debt; $10M of shares repurchased under $40M buyback program through Mar 31.","Management cites lower transportation costs and higher net pricing for margin expansion."],"urls":{"canonical":"https://secwatch.observer/filing/0001482981-24-000060","json":"https://secwatch.observer/filing/0001482981-24-000060.json","markdown":"https://secwatch.observer/filing/0001482981-24-000060.md","text":"https://secwatch.observer/filing/0001482981-24-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482981/000148298124000060/0001482981-24-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482981/000148298124000060/coco-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:41:36.073482+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":"fc446f4437e183305f33ca69c9d481c97af71e4c","claim":"Vita Coco Company, Inc. reported the first quarter ended March 31, 2024 results: revenue $112 million, net income $14 million, EPS $0.24 per diluted share. Guidance raised.","evidence_excerpt":"as expressly set forth in such filing. --- EX-99.1 (EX-99.1) --- The Vita Coco Company Reports First Quarter 2024 Financial Results First Quarter Net Sales Increased 2% to $112 million With Vita Coco Coconut Water Growth of 1% First Quarter Net Income Increased $8 million to $14 million and First Quarter Non-GAAP Adjusted EBITDA 1 Increased $12 million to $21","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1482981/000148298124000060/0001482981-24-000060-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$112 million"},{"label":"Net income","value":"$14 million"},{"label":"EPS","value":"$0.24 per diluted share"},{"label":"Guidance","value":"raised"},{"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"}