{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-012989","form_type":"8-K","ticker":"TOFB","cik":"0000730349","company_name":"TOFUTTI BRANDS INC","filed_at":"2024-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.857087+00:00","generated_at":"2026-06-04T03:05:27.938714+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Tofutti Brands reports FY2023 net sales down 22% to $10.1M; net loss narrows to $366K","bullets":["Net sales $10.07M, down $2.76M (22%) from prior year; plant-based cheese sales fell 22% to $8.56M.","Gross profit rose 19% to $2.80M (28% margin vs 18% prior year) due to cost improvements.","Net loss improved to $366K ($0.07 per share) from $525K ($0.10 per share) in FY2022.","Cash at year end $837K; working capital $3.44M, down from $3.63M prior year.","CEO cites increased competition in vegan cheese; expects improved revenues in 2024 from price increases."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-012989","json":"https://secwatch.observer/filing/0001493152-24-012989.json","markdown":"https://secwatch.observer/filing/0001493152-24-012989.md","text":"https://secwatch.observer/filing/0001493152-24-012989.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/730349/000149315224012989/0001493152-24-012989-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/730349/000149315224012989/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:05:27.938714+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":"d17a8f084b8c8e5bb197a5b585c7ab268a68cf13","claim":"TOFUTTI BRANDS INC reported the fiscal year ended December 30, 2023 results: revenue net sales of $10,068,00, net income net loss of $366,000, EPS $0.07 per share (basic and diluted).","evidence_excerpt":"TOFUTTI ANNOUNCES RESULTS FOR THE FISCAL YEAR ENDED DECEMBER 30, 2023 Cranford, New Jersey — April 3, 2024 — TOFUTTI BRANDS INC. (OTCQX Symbol: TOFB) issued its results for the fiscal year ended December 30, 2023 today. Tofutti Brands reported net sales of $10,068,00, a decrease of $2,759,000 or 22%, from net sales of $12,827,000 for the fiscal year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/730349/000149315224012989/0001493152-24-012989-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 30, 2023"},{"label":"Revenue","value":"net sales of $10,068,00"},{"label":"Net income","value":"net loss of $366,000"},{"label":"EPS","value":"$0.07 per share (basic and diluted)"},{"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"}