Recent 8-K filings for JVA
Highest-materiality recent filing
Coffee Holding (JVA) to merge with Delta Corp in $655M deal; JVA holders get 4.79% of Pubco
- JVA shareholders receive 1 Pubco share per JVA share, valued at $5.50/share (127% premium to JVA's last close).
- Delta's FY2021 revenue $532M, net income $45M; 171% revenue growth and 828% net income growth YoY.
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Coffee Holding Q2 net income falls 59% to $262K; sales down 5.1% to $22.1M
Q2 net sales $22.13M (-5.1% YoY); net income $262K ($0.05 EPS) vs $644K ($0.11 EPS) LY.
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Coffee Holding Q1 revenue up 20% to $25.6M; EPS $0.29 vs $0.20
Revenue $25.566M, +20% YoY from $21.305M in Q1 FY2025.
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CEO Andrew Gordon salary cut to $80k, gets $1.6M retention bonus if employed through 2030
Base salary reduced from $325,000 to $80,000 per annum effective Feb 1, 2026.
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Coffee Holding FY2025 sales up 23% to $96.3M but EPS drops to $0.25; declares $0.08 dividend
Sales $96.3M (+23% YoY); net income $0.25/share vs $0.39 in FY2024.
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Coffee Holding Q3 net sales up 27% to $23.9M; net loss of $1.19M on derivative losses
Net sales $23.9M vs $18.8M (+27% YoY); net loss $1.19M vs prior year profit.
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Coffee Holding Q2 EPS $0.11 vs slight loss last year; revenue up 22%; resumes annual dividend
EPS of $0.11 per share vs slight loss in Q2 2024; revenue up 22% YoY.
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Coffee Holding Q1 EPS $0.20 vs $0.06 YoY; revenue up 9%
EPS of $0.20 per share for quarter ended Jan 31, 2025, compared to $0.06 in prior-year period.
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Coffee Holding posts FY2024 net income of $2.2M vs loss; sales up 15% YoY
Net income $2.245M ($0.39 per share) vs net loss of $0.836M (-$0.15) in FY2023.
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Coffee Holding buys Empire Coffee assets for $800k; creates Second Empire subsidiary
Paid $800k for Empire's inventory, equipment, AR, customer list, and IP; paid Nov 7, 2024.
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Coffee Holding Q3 net income $0.11/share vs loss of $0.02; sales up 19% to $18.8M
Net sales $18.8M, +19% YoY; gross margin improved to 20.9% from 15.5%.
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Coffee Holding terminates merger with Delta Corp; moves forward as independent company
Terminated Merger Agreement with Delta Corp Holdings Limited, originally announced Sept 2022; no early termination penalties.
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Coffee Holding shareholders approve adjournment of special meeting for merger vote
Shareholders voted FOR adjournment: 2,263,373 FOR; 1,179,408 AGAINST; 46,151 ABSTAIN.
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Coffee Holding (JVA) F-4 for Delta merger declared effective; shareholder vote March 28
SEC declared Form F-4 effective for Coffee's merger with Delta on March 6, 2024.
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Delta Corp awarded $34M multimodal logistics park in Nagpur; sees phase 1 EBITDA ~$22M/yr
Delta awarded 45-year concession to build and operate 150-acre multimodal logistics park in Nagpur, India.
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Received Nasdaq notice on Oct 30, 2023 for failing $1 minimum bid price; 180 days to regain compliance by April 29, 2024.
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Coffee Holding receives Nasdaq deficiency notice for late 10-K and 10-Q filings
Received notice on March 21, 2023 for failure to file 10-K (Oct 31, 2022) and 10-Q (Jan 31, 2023).
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Coffee Holding amends loan agreement with Webster Bank to waive defaults
Ninth Loan Modification Agreement signed March 15, 2023 with Webster Bank.
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Errors overstate net sales and cost of sales by ~$8.3M for FY2020 and ~$9.9M for FY2019; no impact on net income, EPS, balance sheet, or cash flows.
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Coffee Holding receives Nasdaq non-compliance notice for late 10-K filing
Received notice on Feb 2, 2023 for failure to file Annual Report for year ended Oct 31, 2022.
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Net sales and cost of sales overstated by ~$8.3M in fiscal 2020; no impact on net income or EPS.
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Coffee Holding (JVA) to merge with Delta Corp in $655M deal; JVA holders get 4.79% of Pubco
JVA shareholders receive 1 Pubco share per JVA share, valued at $5.50/share (127% premium to JVA's last close).
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Coffee Holding Q2 net sales up 14% but records net loss of $0.06 per share on Steep N Brew losses
Net sales $16.5M, up 14% YoY; net loss $368K vs net income $357K last year.
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Coffee Holding Q1 revenue down 7.9% to $16.7M; EPS falls to $0.05 from $0.12
Net sales $16.7M vs $18.1M YoY; decline driven by loss of customers at Steep N Brew subsidiary.
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Audit committee dismissed EisnerAmper and engaged Marcum as independent registered public accounting firm on Feb 14, 2022.
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Coffee Holding reports FY2021 EPS $0.22 vs loss $0.02; declares $0.07 special dividend
Net sales $63.9M, down 14% YoY; gross margin improved to 25% from 18%.
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Coffee Holding Co. wins dismissal with prejudice of class action over coffee cup claims
On Sept 28, 2021, court granted motion to dismiss with prejudice the putative class action filed Dec 2020.
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Coffee Holding Q3 net loss $0.02/shr; nine-month net income up to $0.16/shr
Net loss of $127K ($0.02/shr) for Q3 vs. net income of $391K ($0.07/shr) a year ago.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.60 · Most common event other_material