secwatch.observer — SEC 8-K summary
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Issuer:     BRC Inc. (BRCC)
CIK:        0001891101
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001891101-23-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRC Inc. Q1 revenue up 27% to $83.5M, net loss $17.3M; reaffirms FY2023 guidance; appoints new CMO
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- Net revenue $83.5M (+27% YoY); wholesale revenue $40.0M (+82% YoY) led by FDM and RTD expansion.
- Net loss $17.3M; Adjusted EBITDA $(5.1)M, sequential improvement from $(11.4)M in Q4 2022.
- Reaffirms FY2023 guidance: revenue $400-$440M, gross margin 36%-37.5%, adjusted EBITDA $5M-$20M.
- Appoints Chris Mondzelewski as CMO; former Chief Growth Officer for Mars' $12B+ Global Petcare business and US Marine Corps veteran.
- Gross margin 33.0% down 230 bps due to raw coffee costs and $1.8M startup costs for new RTD products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1891101/000189110123000017/0001891101-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1891101/000189110123000017/brcc-20230505.htm
  HTML page:      https://secwatch.observer/filing/0001891101-23-000017

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