secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001493152-22-032496
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tofutti reports Q3 net loss of $192K vs prior-year profit; sales decline 14%
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- Net loss of $192K ($0.04 loss per share) vs net income of $228K ($0.04 EPS) in Q3 2021.
- Net sales $2.90M, down 14% from $3.36M; vegan cheese sales fell 17% to $2.33M.
- Gross profit dropped to $427K (15% margin) from $818K (24%), hurt by ingredient cost increases.
- Cash declined to $965K from $1.70M at Jan 1; working capital $3.99M.
- CEO expects Q4 improvement from price increases; gross profit headwinds continue for fiscal 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315222032496/0001493152-22-032496-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315222032496/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-032496

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