secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K/A
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001493152-23-037818
Event type: m_and_a
Sentiment:  negative
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands files Soylent audited financials: revenue $48M, net income $1.6M in 2022
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- Soylent 2022 net revenue $48.0M, down 4% YoY from $50.0M; net income $1.64M, down 66% from $4.76M.
- Soylent total assets $25.5M, liabilities $8.7M, convertible preferred stock $71.8M as of Dec 2022.
- Soylent EBITDA and cash flow not separately reported; operating cash flow was negative $4.8M in 2022.
- Pro forma financials combining Starco and Soylent for year ended Dec 2022 are provided as Exhibit 99.2.
- Two customers account for 43% of Soylent 2022 revenue; three suppliers account for 80% of inventory purchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223037818/0001493152-23-037818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223037818/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-037818

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