---
schema_version: "secwatch.filing_event.v1"
accession: "0001680873-24-000008"
form_type: "8-K"
ticker: "HFFG"
cik: "0001680873"
company_name: "HF Foods Group Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:47:16.409836+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HF Foods Q4 revenue down 3.8% to $280.9M; adjusted EBITDA up 372.6% to $20.4M

## Summary
- Q4 net revenue $280.9M (down 3.8% YoY); gross margin expanded to 18.6% from 17.4%.
- Q4 net income of $2.7M vs. net loss of $3.5M in prior year; adjusted EBITDA $20.4M, boosted by $10.0M legal settlement.
- Full year 2023 net loss of $2.7M vs. net income $0.2M in 2022; revenue $1,148.5M (down 1.9% YoY).
- Company exited low-margin chicken processing, implemented seafood centralized purchasing, and partnered with a national transportation provider.
- Cash and equivalents $15.2M at Dec 31, 2023; $37.6M available under $100M credit line.

## SEC filing metadata
- accession: 0001680873-24-000008
- form_type: 8-K
- ticker: HFFG
- cik: 0001680873
- company_name: HF Foods Group Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680873/000168087324000008/0001680873-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680873/000168087324000008/hffg-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001680873-24-000008
- JSON: https://secwatch.observer/filing/0001680873-24-000008.json
- Plain text: https://secwatch.observer/filing/0001680873-24-000008.txt

## Key facts
- Earnings Releases
  HF Foods Group Inc. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $280.9 million, net income $2.7 million.
  - Period: fourth quarter and fiscal year ended December 31, 2023
  - Revenue: $280.9 million
  - Net income: $2.7 million
  - Result: reported results
  source text: States, reported unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Results • Net revenue decreased 3.8% to $280.9 million compared to $291.9 million in the prior year. • Gross profit increased 3.0% to $52.3 million compared to $50.7 million in the prior year. Gross profit margin increased to 18.6%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680873/000168087324000008/0001680873-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.