secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001641172-25-001171
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tofutti reports FY2024 net loss of $860K, sales down 12% to $8.82M
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- Net sales $8.82M, down 12% from $10.07M in FY2023.
- Net loss of $860K vs loss of $366K in prior year; operating loss $607K.
- Plant-based cheese sales fell to $7.43M from $8.56M due to competition; frozen desserts down to $1.39M from $1.50M.
- Cash at Dec 28, 2024: $462K vs $837K a year ago; working capital $2.89M vs $3.44M.
- Gross profit margin declined to 26% from 28%; price increase instituted for FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000164117225001171/0001641172-25-001171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000164117225001171/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-001171

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