{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-038271","form_type":"8-K","ticker":"HFFG","cik":"0001680873","company_name":"HF Foods Group Inc.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.046055+00:00","generated_at":"2026-06-08T06:59:08.705012+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"HF Foods Q3 net income $2.0M, adj. EBITDA up 151%; reveals transformation plan","bullets":["Q3 net revenue $281.5M (-6.4% YoY); gross margin improved to 18.1% from 17.1%.","Net income of $2.0M vs net loss of $3.9M in prior-year quarter; adjusted EBITDA $10.0M.","Nine-month 2023 net loss $5.4M vs net income $3.7M; revenue down 1.2% to $867.6M.","Announced operational transformation: centralized purchasing, fleet replacement (50%), new ERP, facility upgrades.","Cash from operations improved to $20.6M in 9M 2023 from $6.9M; $14.3M cash + $48.6M credit access."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-038271","json":"https://secwatch.observer/filing/0001628280-23-038271.json","markdown":"https://secwatch.observer/filing/0001628280-23-038271.md","text":"https://secwatch.observer/filing/0001628280-23-038271.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1680873/000162828023038271/0001628280-23-038271-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1680873/000162828023038271/hffg-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T06:59:08.705012+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4600aa6b018fe430c26507b81d44c740ed2c5fd4","claim":"HF Foods Group Inc. reported the third quarter ended September 30, 2023 results: revenue $281.5 million, net income Net income of $2.0 million.","evidence_excerpt":"United States, reported financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Financial Results • Net revenue decreased 6.4% to $281.5 million compared to $300.7 million in the prior year. • Gross profit decreased 1.1% to $50.9 million, or 18.1% gross profit margin compared to $51.5 million, or 17.1% gross profit margin","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680873/000162828023038271/0001628280-23-038271-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$281.5 million"},{"label":"Net income","value":"Net income of $2.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ad4238d517311d4a404d8996dbc55a2433ef57c2","claim":"HF Foods Group Inc. reported the nine months ended September 30, 2023 results: revenue $867.6 million, net income Net loss of $5.4 million.","evidence_excerpt":"prior year. • Adjusted EBITDA increased 151.0% to $10.0 million compared to $4.0 million in the prior year. Nine Months 2023 Financial Results • Net revenue decreased 1.2% to $867.6 million compared to $878.6 million in the prior year. • Gross profit decreased 2.0% to $151.8 million, or 17.5% gross profit margin compared to $154.8 million, or 17.6% gross profit","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680873/000162828023038271/0001628280-23-038271-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Revenue","value":"$867.6 million"},{"label":"Net income","value":"Net loss of $5.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}