secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001493152-22-008861
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tofutti Brands fiscal 2021 revenue $12.59M (-9%); net income $143K vs $596K
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- Net sales $12.59M, down 9% from $13.82M; net income $143K ($0.03/share) vs $596K ($0.12).
- Vegan cheese sales $10.76M (down 8%); frozen dessert sales $1.83M (down 15%); discontinuations and COVID-19 cited.
- Gross profit $3.34M (27% margin) down from $4.25M (31%); higher ingredient/packaging costs.
- Cash $1.70M, working capital $4.33M; operating cash flow $689K; repaid $500K convertible note.
- CEO says production difficulties resolved; poised for improved revenues in coming years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315222008861/0001493152-22-008861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315222008861/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-008861

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