secwatch.observer — SEC 8-K summary
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Issuer:     BurgerFi International, Inc. (—)
CIK:        0001723580
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001723580-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BurgerFi Q4 revenue falls 8% to $41.5M; net loss narrows to $10.6M
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- Q4 total revenue $41.5M, down 8% YoY from $45.2M; systemwide sales $65.0M (-11%).
- Net loss improved to $10.6M ($0.40 loss per share) from $26.2M ($1.18 loss) in prior year quarter.
- Adjusted EBITDA declined to $0.7M from $2.6M in Q4 2022.
- BurgerFi systemwide same-store sales down 10%; Anthony's corporate-owned same-store sales down 3%.
- CEO cites challenging 2023 but sees early positive trends; March flat to slightly positive adjusting for Easter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723580/000172358024000007/0001723580-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723580/000172358024000007/bfi-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001723580-24-000007

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