secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019321
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tofutti Brands Q1 2024 net sales down 11%; net loss widens to $303K
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- Net sales $2.21M, down 11% from $2.49M YoY; gross profit margin fell to 21% from 24%.
- Net loss of $303K ($0.06 per share) versus loss of $102K ($0.02 per share) in prior year.
- Vegan cheese sales dropped to $1.81M from $2.10M due to increased competition.
- Frozen dessert sales edged up to $403K from $390K, but lower margins pressured gross profit.
- Cash $351K; working capital $3.16M; CEO cites focus on returning to profitability in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315224019321/0001493152-24-019321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315224019321/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019321

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