secwatch.observer — SEC 8-K summary
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Issuer:     HF Foods Group Inc. (HFFG)
CIK:        0001680873
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0001680873-25-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HF Foods reports Q4 2024 net loss of $43.9M on goodwill impairment; revenue up 8.7%
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- Q4 net revenue $305.3M, +8.7% YoY; FY2024 revenue $1,201.7M, +4.6% YoY.
- Q4 net loss $43.9M (vs net income $2.7M a year ago) due to $46.3M goodwill impairment.
- Q4 adjusted EBITDA $14.5M, +39.4% YoY; FY2024 adjusted EBITDA $42.0M, +21.6% YoY.
- Gross profit margin fell to 17.1% Q4 and FY from 18.6% and 17.8% respectively.
- On Feb 18, 2025 amended credit agreement, increasing revolver to $125M from $100M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680873/000168087325000005/0001680873-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680873/000168087325000005/hffg-20250313.htm
  HTML page:      https://secwatch.observer/filing/0001680873-25-000005

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