secwatch.observer — SEC 8-K summary
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Issuer:     BBX Capital, Inc. (BBXIB)
CIK:        0001814974
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001814974-22-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BBX Capital Q1 2022 net loss $1.8M ($0.12/share); Renin loss before taxes $3.7M, amends credit facility
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- Consolidated revenue $75.5M, up 22% YoY, but net loss of $1.8M vs. net income $2.3M.
- Renin trade sales fell to $33.5M from $38.7M; gross margin dropped to 5.1% from 15.6%; Renin amended credit facility in May 2022 after non-compliance.
- BBX Sweet Holdings (IT'SUGAR) trade sales $29.4M vs. $5.0M; comparable store sales up 30% vs. Q1 2021.
- BBX Capital Real Estate income before taxes $6.4M vs. $4.9M; equity in earnings of unconsolidated JVs increased to $1.5M from ($0.3M).
- Cash and cash equivalents $114.6M; note receivable from Bluegreen Vacations $50M; book value per share $19.74.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814974/000181497422000053/0001814974-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814974/000181497422000053/c974-20220510x8k.htm
  HTML page:      https://secwatch.observer/filing/0001814974-22-000053

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