secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001493152-24-013099
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands reports FY2023 revenue up 735% to $65.2M, net loss $46.4M on $29.6M goodwill impairment
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- FY2023 revenue $65.2M vs $7.8M prior year; Q4 revenue $18.9M vs $4.0M.
- FY2023 GAAP net loss $46.4M (vs income $1.0M) includes $29.6M non-cash goodwill impairment mostly for Soylent.
- Adjusted EBITDA FY2023 $6.2M (up 304% from $1.7M); Q4 adj. EBITDA $2.1M.
- FY2024 guidance: revenue $78M-$82M, adjusted EBITDA $8M-$10M.
- Soylent segment contributed $38.2M revenue; cash $1.8M, inventory $10.7M at year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000149315224013099/0001493152-24-013099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000149315224013099/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-013099

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