{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-000411","form_type":"8-K","ticker":"KAVL","cik":"0001762239","company_name":"Kaival Brands Innovations Group, Inc.","filed_at":"2023-03-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.451752+00:00","generated_at":"2026-06-17T23:39:31.023661+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Kaival Brands reports Q1 FY2023 net loss of $3.0M; revenue down 10.7% YoY to $2.5M","bullets":["Revenue $2.5M vs $2.8M YoY; gross profit improved to 21.4% from (24.3%) loss.","Net loss $3.0M ($0.05 per share) compared to $2.8M ($0.09 per share) in prior year.","Operating expenses rose to $3.5M from $2.1M, driven by $1.4M non-cash stock option expense.","Distribution expanded: national broker agreement expected to add up to 40,000 retail stores; additional deals cover ~13,500 locations.","Cash position $3.8M; working capital $6.6M as of Jan 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-000411","json":"https://secwatch.observer/filing/0001731122-23-000411.json","markdown":"https://secwatch.observer/filing/0001731122-23-000411.md","text":"https://secwatch.observer/filing/0001731122-23-000411.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223000411/0001731122-23-000411-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223000411/e4512_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T23:39:31.023661+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"022e4814807cfc4d04163a41f5e99457828aac1b","claim":"Kaival Brands Innovations Group, Inc. reported the fiscal 2023 first quarter ended January 31, 2023 results: revenue approximately $2.5 million, net income approximately $3.0 million, EPS $0.05 basic and diluted net loss per share.","evidence_excerpt":"Revenues for the first quarter of fiscal year 2023 were approximately $2.5 million, compared to approximately $2.8 million in the same period of the prior fiscal year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223000411/0001731122-23-000411-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal 2023 first quarter ended January 31, 2023"},{"label":"Revenue","value":"approximately $2.5 million"},{"label":"Net income","value":"approximately $3.0 million"},{"label":"EPS","value":"$0.05 basic and diluted net loss per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}