secwatch.observer — SEC 8-K summary
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Issuer:     COFFEE HOLDING CO INC (JVA)
CIK:        0001007019
Form:       8-K
Filed at:   2022-03-18T23:59:59+00:00
Accession:  0001493152-22-007192
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coffee Holding Q1 revenue down 7.9% to $16.7M; EPS falls to $0.05 from $0.12
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- Net sales $16.7M vs $18.1M YoY; decline driven by loss of customers at Steep N Brew subsidiary.
- Gross margin improved to 25.6% from 24.7%, but operating expenses increased $408K due to inflation and legal costs.
- EPS $0.05 (diluted) vs $0.12 YoY; adjusted EBITDA ~$804K including $190K non-cash stock option charge.
- CEO expects legal costs from class action lawsuits to decline in Q2/Q3, fully expensed by Q4.
- Inflationary headwinds in freight, labor, and steel prevented further margin expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007019/000149315222007192/0001493152-22-007192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007019/000149315222007192/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-007192

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