8-K
filed March 6, 2024, 6:59 PM ET
ticker BRCC
CIK 0001891101
earnings
confidence high
sentiment positive
materiality 0.70
BRC Inc. Q4 revenue $119.7M (+28%); Adj. EBITDA swings to $12.1M from -$11.4M; full-year 2024 guidance issued
BRC Inc.
- Q4 2023 net revenue rose 28% to $119.7M; wholesale jumped 78.5% to $73.5M (incl. $28.9M barter deal).
- Q4 net loss narrowed to $14.0M from $20.0M a year ago; adjusted EBITDA of $12.1M vs. -$11.4M.
- Full-year 2024 guidance: revenue $430M-$460M (9-16% growth), adj. EBITDA $27M-$40M, FCF ~80% of EBITDA.
- FY 2023 gross margin 31.7%; 2024 guided 37-40% on mix shift and efficiency gains.
- Marketing spend down 38.3% to $8.4M; brand awareness hit 29% (up 400bps vs. Q3 2023).
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 2024 guidance (reaffirmed).
- Period
- 2024
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
Continued acceleration of profit and cash flow expected in 2024 with guidance issued for Adjusted EBITDA of $27.0 million to $40.0 million with Free Cash Flow conversion of ~80% of Adjusted EBITDA
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
BRC Inc. reported full year 2023 results: net income -56.7.
- Period
- full year 2023
- Net income
- -56.7
- Result
- reported results
Exact text from the filing
Net Revenue $ 119.7 $ 93.6 $ 26.1 28 % $ 395.6 $ 301.3 $ 94.3 31 %
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
BRC Inc. reported full year 2023 results: net income -56.7.
- Period
- full year 2023
- Net income
- -56.7
- Result
- reported results
Exact text from the filing
Net Loss $ (14.0) $ (20.0) $ 6.0 $ (56.7) $ (338.0) $ 281.3
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
BRC Inc. reported Q4 2023 results: revenue 119.7, net income -14.0.
- Period
- Q4 2023
- Revenue
- 119.7
- Net income
- -14.0
- Result
- reported results
Exact text from the filing
Financial Highlights ( in millions, except % data ) Quarter To Date Comparisons Year To Date Comparisons 2023 2022 $ Change % Change 2023 2022 $ Change % Change Net Revenue $ 119.7 $ 93.6 $ 26.1 28 % $ 395.6 $ 301.3 $ 94.3 31 % Gross Profit $ 31.7 $ 29.5 $ 2.2 7 % $ 125.4 $ 99.2 $ 26.2 26 % Gross Margin 26.5 % 31.5 % 31.7 % 32.9 % Net Loss $ (14.0) $ (20.0)
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
BRC Inc. reported Q4 2023 results: revenue 119.7, net income -14.0.
- Period
- Q4 2023
- Revenue
- 119.7
- Net income
- -14.0
- Result
- reported results
Exact text from the filing
Profitability sequentially improved in Q4 2023; Adjusted EBITDA of $12.1 million and a Net Loss of $14.0 million compared to Adjusted EBITDA Loss of $11.4 million and a Net Loss of $20.0 million a year ago
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
BRC Inc. reported Q4 2023 results: revenue 119.7, net income -14.0.
- Period
- Q4 2023
- Revenue
- 119.7
- Net income
- -14.0
- Result
- reported results
Exact text from the filing
Net Revenue $ 119.7 $ 93.6 $ 26.1 28 % $ 395.6 $ 301.3 $ 94.3 31 %
View on SEC.gov
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