secwatch.observer — SEC 8-K summary
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Issuer:     BRC Inc. (BRCC)
CIK:        0001891101
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001891101-23-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRC Q3 revenue $100.5M (+33% YoY); net loss narrows to $10.7M; Adj. EBITDA turns positive at $6.2M
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- Net revenue $100.5M (+33% YoY); wholesale revenue $61.5M (+91%); DTC $32.8M (-14%); outpost $6.2M (+20%).
- Gross profit $34.1M (+42%); gross margin 33.9% vs 31.7% a year ago on favorable mix shift.
- Net loss $10.7M compared to $16.1M loss in Q3 2022; Adjusted EBITDA $6.2M vs -$5.8M.
- Operating expenses fell to 41% of revenue (52% in Q3 2022) as salaries and marketing scaled.
- Company expects to meet 2023 revenue and Adj. EBITDA guidance; gross margin below prior range due to non-cash RTD inventory charge.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1891101/000189110123000043/0001891101-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1891101/000189110123000043/brcc-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001891101-23-000043

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