secwatch.observer — SEC 8-K summary
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Issuer:     Via Renewables, Inc. (VIASP)
CIK:        0001606268
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001654954-23-003048
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Via Renewables preliminary Q4 net loss $27.5M; full-year net income $11.2M; material weakness expected; 10-K delayed
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- Preliminary Q4 2022: Net Loss $(27.5)M, Adjusted EBITDA $12.6M, Retail Gross Margin $31.9M.
- Full-year 2022: Net Income $11.2M, Adjusted EBITDA $51.8M, Gross Profit $103.4M, Retail Gross Margin $114.8M.
- Expected average monthly attrition of 3.8% and total liquidity of $76.9M as of Dec 31, 2022.
- Material weakness identified in controls over deferred tax assets/liabilities and income tax expense; immaterial corrections for 2021 and 2020.
- Will file Form 12b-25 for late 10-K; expects to file within 15-day grace period and host conference call thereafter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606268/000165495423003048/0001654954-23-003048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606268/000165495423003048/via_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-003048

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