BRC Q4 net revenue $93.6M (+30.3% YoY); net loss $20M; full-year revenue $301M

BRC Inc.

Q4 net revenue $93.6M (+30.3% YoY); gross profit $29.5M (31.5% margin); net loss $20.0M.
Full-year 2022 net revenue $301M (+29% YoY); wholesale channel $119M (+114%).
Adjusted EBITDA (non-GAAP) of $(11.4)M in Q4.
DTC subscribers 270,000 (-6% YoY); wholesale doors 10,690 (+306.5%); RTD doors 61,230 (+44.5%).
Entered FDM market; became #4 bagged coffee at Walmart within 6 months; named official coffee of Dallas Cowboys.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRC Inc. updated its the quarter and full year ended December 31, 2022 guidance (initiated).

Period: the quarter and full year ended December 31, 2022
Guidance: initiated
Result: reported results

Exact text from the filing

On March 15, 2023, BRC Inc. (the “Company”) issued a press release announcing its results of operations for the quarter and full year ended December 31, 2022 and issued its financial guidance for 2023.

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BRC Inc. filing history →

Source: SEC EDGAR

accession 0001891101-23-000004

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