secwatch.observer — SEC 8-K summary
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Issuer:     COFFEE HOLDING CO INC (JVA)
CIK:        0001007019
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001493152-24-036309
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coffee Holding Q3 net income $0.11/share vs loss of $0.02; sales up 19% to $18.8M
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- Net sales $18.8M, +19% YoY; gross margin improved to 20.9% from 15.5%.
- Net income $626,796 ($0.11 diluted) vs net loss $111,881 ($0.02 loss) YoY.
- Gross profit $3.93M (20.9% of sales) vs $2.45M (15.5%) last year.
- Paid down line of credit by over $7M in nine months; outstanding balance zero as of today.
- Interest expense savings of $150K in nine months; annualized savings ~$0.10 per share pretax.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007019/000149315224036309/0001493152-24-036309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007019/000149315224036309/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036309

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