secwatch.observer — SEC 8-K summary
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Issuer:     HF Foods Group Inc. (HFFG)
CIK:        0001680873
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001680873-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HF Foods reports Q1 record revenue $295.7M; net loss narrows to $0.6M; adjusted EBITDA up 51% to $8.7M
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- Net revenue $295.7M, up 0.6% YoY; record Q1 revenue despite $2.7M loss from chicken processing exit.
- Gross profit margin flat at 17.1%; net loss improved from $5.8M to $0.6M.
- Adjusted EBITDA increased 51.4% to $8.7M from $5.7M in prior year.
- Operating cash flow fell to $7.1M from $12.6M, driven by working capital timing.
- Cash balance $18.2M; $40.9M available under $100M credit line at March 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680873/000168087324000026/0001680873-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680873/000168087324000026/hffg-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001680873-24-000026

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