secwatch.observer — SEC 8-K summary
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Issuer:     BRC Inc. (BRCC)
CIK:        0001891101
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001891101-24-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRC Inc. Q4 revenue $119.7M (+28%); Adj. EBITDA swings to $12.1M from -$11.4M; full-year 2024 guidance issued
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/0001891101-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1891101/000189110124000007/brcc-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001891101-24-000007

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