---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-001717"
form_type: "8-K"
ticker: "KAVL"
cik: "0001762239"
company_name: "Kaival Brands Innovations Group, Inc."
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T12:14:33.659132+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kaival Brands Q3 net loss narrows to $1.8M; gross margin improves to 36%

## Summary
- Revenue $3.58M vs $3.85M YoY; gross profit $1.30M (36.3%) vs $0.44M (11.5%)
- Net loss $1.80M ($0.03 EPS) vs $3.86M ($0.09 EPS) in prior-year quarter
- Expanded distribution: Circle K to 2,700+ stores; initial orders with Kwik Trip/Mapco
- Amended PMI licensing agreement simplifying payments; received ~$135K reconciliation and ~$121K royalty in September
- Appointed Thomas Metzler CFO, Eric Mosser CEO, Stephen Sheriff COO

## SEC filing metadata
- accession: 0001731122-23-001717
- form_type: 8-K
- ticker: KAVL
- cik: 0001762239
- company_name: Kaival Brands Innovations Group, Inc.
- filed_at: 2023-09-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762239/000173112223001717/0001731122-23-001717-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762239/000173112223001717/e5050_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-001717
- JSON: https://secwatch.observer/filing/0001731122-23-001717.json
- Plain text: https://secwatch.observer/filing/0001731122-23-001717.txt

## Key facts
- Earnings Releases
  Kaival Brands Innovations Group, Inc. reported fiscal 2023 third quarter ended July 31, 2023 results: net income $1.8 million, EPS $0.03 basic and diluted net loss per share.
  - Period: fiscal 2023 third quarter ended July 31, 2023
  - Net income: $1.8 million
  - EPS: $0.03 basic and diluted net loss per share
  - Result: reported results
  source text: Revenues for the third quarter of fiscal year 2023 were $3.6 million, compared to $3.8 million in the same period of the prior fiscal year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223001717/0001731122-23-001717-index.htm
- Earnings Releases
  Kaival Brands Innovations Group, Inc. reported fiscal 2023 third quarter ended July 31, 2023 results: net income $1.8 million, EPS $0.03 basic and diluted net loss per share.
  - Period: fiscal 2023 third quarter ended July 31, 2023
  - Net income: $1.8 million
  - EPS: $0.03 basic and diluted net loss per share
  - Result: reported results
  source text: Net loss for the third quarter of fiscal year 2023 was $1.8 million, or $0.03 basic and diluted net loss per share, compared to a net loss of $3.9 million, or $0.09 basic and diluted net loss per share, for the third quarter of fiscal year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223001717/0001731122-23-001717-index.htm

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