secwatch.observer — SEC 8-K summary
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Issuer:     BEYOND MEAT, INC. (BYND)
CIK:        0001655210
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001655210-23-000091
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beyond Meat Q1 revenue falls 15.7% to $92.2M; net loss $59M, adj EBITDA loss $45.8M
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- Net revenues $92.2M, down 15.7% YoY; gross margin improved to 6.7% from 0.2%.
- Net loss $59.0M ($0.92/share) vs $100.5M ($1.58) in Q1 2022; loss narrowed.
- Adjusted EBITDA loss $45.8M (-49.6% of revenue) vs -$78.9M (-72.1%) YoY.
- Gross profit aided by $5.1M lower depreciation from change in equipment useful life estimate.
- CEO says strategy to achieve cash-flow positive operations and sustainable growth is showing progress.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1655210/000165521023000091/0001655210-23-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1655210/000165521023000091/bynd-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001655210-23-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer