secwatch.observer — SEC 8-K summary
======================================

Issuer:     HF Foods Group Inc. (HFFG)
CIK:        0001680873
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001680873-24-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HF Foods Q3 revenue up 6.0% to $298.4M; net loss of $3.8M vs prior year net income of $2.0M
--------------------------------------------------------------------------------

- Gross profit margin fell to 16.8% from 18.1%; gross profit down 1.5% to $50.2M.
- Net loss of $3.8M vs net income of $2.0M a year ago; driven by $5.3M non-cash swap expense.
- Adjusted EBITDA decreased 17.7% to $8.3M from $10.1M.
- Nine-month 2024: revenue up 3.3% to $896.4M; net loss improved to $4.2M from $5.4M.
- Cash used in operations of $3.3M YTD vs provided of $20.6M; cash balance $11.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680873/000168087324000062/0001680873-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680873/000168087324000062/hffg-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001680873-24-000062

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