{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-001134","form_type":"8-K","ticker":"KAVL","cik":"0001762239","company_name":"Kaival Brands Innovations Group, Inc.","filed_at":"2023-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.441688+00:00","generated_at":"2026-06-14T01:23:10.904220+00:00","sec_items":["2.02","8.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Kaival Brands Q2 revenues flat at $3.0M; relaunches BIDI Stick at 1,000+ Circle K locations","bullets":["Net loss narrowed to $4.0M ($0.07/sh) from $5.0M ($0.16/sh) YoY; gross margin turned negative at (4.2%).","Revenues $3.0M vs $3.1M prior year, impacted by $1.4M in customer credits, discounts and rebates.","Cash $1.1M, working capital $3.7M; expects to augment via increased sales or debt/equity financings.","Relaunched BIDI Stick in over 1,000 Circle K locations; targeting ramp to 5,000 stores in South Atlantic and Midwest.","Acquired GoFire IP (12 patents, 46 applications) for equity + contingent cash; appointed James Cassidy as independent director."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-001134","json":"https://secwatch.observer/filing/0001731122-23-001134.json","markdown":"https://secwatch.observer/filing/0001731122-23-001134.md","text":"https://secwatch.observer/filing/0001731122-23-001134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001134/0001731122-23-001134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001134/e4800_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T01:23:10.904220+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":"9b0fe96aaa2d2d563d2f5981d8bd5471be3c75a0","claim":"Kaival Brands Innovations Group, Inc. reported the fiscal 2023 second quarter ended April 30, 2023 results: revenue approximately $3.0 million.","evidence_excerpt":"Revenues for the second quarter of fiscal year 2023 were approximately $3.0 million, compared to approximately $3.1 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/1762239/000173112223001134/0001731122-23-001134-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal 2023 second quarter ended April 30, 2023"},{"label":"Revenue","value":"approximately $3.0 million"},{"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"}