secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0001493152-24-046508
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tofutti Brands Q3 net loss of $207K; sales down 21% to $1.99M
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- Net sales for Q3 fell 21% to $1.986M from $2.515M; vegan cheese sales dropped to $1.648M.
- Net loss of $207K ($0.04 per share) vs net income of $110K ($0.02) in prior-year Q3.
- Nine-month net loss widened to $542K ($0.10) from $310K ($0.06); revenue down 16% to $6.481M.
- Cash declined to $176K at Sep 28 vs $837K at Dec 30; working capital fell to $2.961M.
- CEO cites increased competition in vegan cheese and export decline; expects improvement in Q4 and 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315224046508/0001493152-24-046508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315224046508/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-046508

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