---
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"
generated_at: "2026-06-17T23:39:31.023661+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kaival Brands reports Q1 FY2023 net loss of $3.0M; revenue down 10.7% YoY to $2.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-000411
- JSON: https://secwatch.observer/filing/0001731122-23-000411.json
- Plain text: https://secwatch.observer/filing/0001731122-23-000411.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal 2023 first quarter ended January 31, 2023
  - Revenue: approximately $2.5 million
  - Net income: approximately $3.0 million
  - EPS: $0.05 basic and diluted net loss per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223000411/0001731122-23-000411-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.