secwatch.observer — SEC 8-K summary
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Issuer:     Brilliant Earth Group, Inc. (BRLT)
CIK:        0001866757
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001866757-23-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brilliant Earth Q1 net sales $97.7M, gross margin 54.9%, beats guidance
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- Net sales $97.7M (-2.3% YoY); total orders +10.1% to 35,631; AOV -11.3% to $2,742.
- Gross margin expanded 480 bps to 54.9%; net loss $0.4M vs net income $3.4M a year ago.
- Adjusted EBITDA $5.5M (5.7% margin); GAAP diluted EPS $0.00; adjusted diluted EPS $0.03.
- Results exceeded high end of guidance for both revenue and Adjusted EBITDA; FY 2023 outlook reiterated.
- Opened three new showrooms in Q1, bringing total U.S. showroom count to 28.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866757/000186675723000095/0001866757-23-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866757/000186675723000095/brlt-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001866757-23-000095

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