secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0001493152-24-047860
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands Q3 revenue falls 12% to $15.5M; net loss $6.3M on non-cash items; sequential margin improvement to 41%
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- Q3 2024 revenue $15.5M vs $17.7M YoY; gross margin 41.2% (sequential improvement from Q2).
- Net loss $6.3M vs net income $2.3M in Q3 2023 due to $5.1M non-cash fair value share adjustment.
- Adjusted EBITDA $0.7M vs $1.1M in prior-year quarter; nine-month adjusted EBITDA loss $1.5M.
- Soylent segment revenue up to $30.4M from $27.6M; Starco Brands segment down to $9.0M from $11.3M.
- Management identified ~$3M in cost optimization; cash $1.6M, inventory $13.2M as of Sep 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000149315224047860/0001493152-24-047860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000149315224047860/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-047860

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