secwatch.observer — SEC 8-K summary
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Issuer:     Mama's Creations, Inc. (MAMA)
CIK:        0001520358
Form:       8-K
Filed at:   2024-06-12T23:59:59+00:00
Accession:  0001493152-24-023551
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mama's Creations Q1 revenue up 29% to $29.8M record; net income down 61% on $0.9M option fix
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- Revenue $29.8M (+29% YoY); gross margin 25.0% vs 27.6% on higher chicken costs.
- Net income $0.6M ($0.01 diluted EPS) vs $1.4M ($0.04) year ago; Adj. EBITDA flat at $2.5M.
- One-time $0.9M charge ($0.5M non-cash stock comp) to rectify options granted by former management in 2018-2019.
- Cash from operations $3.6M; cash balance $13.0M, total debt $8.3M.
- Operational highlights include Costco roadshow and new product launches at IDDBA 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520358/000149315224023551/0001493152-24-023551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520358/000149315224023551/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-023551

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