{"schema_version":"secwatch.filing_event.v1","accession":"0001891101-24-000007","form_type":"8-K","ticker":"BRCC","cik":"0001891101","company_name":"BRC Inc.","filed_at":"2024-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.248543+00:00","generated_at":"2026-06-05T03:02:14.435876+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BRC Inc. Q4 revenue $119.7M (+28%); Adj. EBITDA swings to $12.1M from -$11.4M; full-year 2024 guidance issued","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001891101-24-000007","json":"https://secwatch.observer/filing/0001891101-24-000007.json","markdown":"https://secwatch.observer/filing/0001891101-24-000007.md","text":"https://secwatch.observer/filing/0001891101-24-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/0001891101-24-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/brcc-20240306.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T03:02:14.435876+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01af16d021654a06d514bc2f72c4d30fc8a73c59","claim":"BRC Inc. updated its 2024 guidance (reaffirmed).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/0001891101-24-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2024"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"4485c9ffdc79b711732dc5988a64e390c504de3c","claim":"BRC Inc. reported full year 2023 results: net income -56.7.","evidence_excerpt":"Net Revenue $ 119.7 $ 93.6 $ 26.1 28 % $ 395.6 $ 301.3 $ 94.3 31 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/0001891101-24-000007-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Net income","value":"-56.7"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4485c9ffdc79b711732dc5988a64e390c504de3c","claim":"BRC Inc. reported full year 2023 results: net income -56.7.","evidence_excerpt":"Net Loss $ (14.0) $ (20.0) $ 6.0 $ (56.7) $ (338.0) $ 281.3","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/0001891101-24-000007-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Net income","value":"-56.7"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e72d2aaa97bf06e5ac586b9a5115af1dfe0ee49e","claim":"BRC Inc. reported Q4 2023 results: revenue 119.7, net income -14.0.","evidence_excerpt":"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)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/0001891101-24-000007-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2023"},{"label":"Revenue","value":"119.7"},{"label":"Net income","value":"-14.0"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e72d2aaa97bf06e5ac586b9a5115af1dfe0ee49e","claim":"BRC Inc. reported Q4 2023 results: revenue 119.7, net income -14.0.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/0001891101-24-000007-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2023"},{"label":"Revenue","value":"119.7"},{"label":"Net income","value":"-14.0"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e72d2aaa97bf06e5ac586b9a5115af1dfe0ee49e","claim":"BRC Inc. reported Q4 2023 results: revenue 119.7, net income -14.0.","evidence_excerpt":"Net Revenue $ 119.7 $ 93.6 $ 26.1 28 % $ 395.6 $ 301.3 $ 94.3 31 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/0001891101-24-000007-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2023"},{"label":"Revenue","value":"119.7"},{"label":"Net income","value":"-14.0"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}