Recent 8-K filings for TOFB
Highest-materiality recent filing
Tofutti secures new co-packing deal covering ~80% of FY2025 sales after plant closure threat
- In Feb 2026, primary co-packer owner planned to close plant July 31, 2026; facility produced ~80% of FY2025 sales.
- New co-packing manufacturing agreement with new owner commences Sept 15, 2026, under same terms and pricing.
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Tofutti secures new co-packing deal covering ~80% of FY2025 sales after plant closure threat
In Feb 2026, primary co-packer owner planned to close plant July 31, 2026; facility produced ~80% of FY2025 sales.
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Tofutti shareholders elect directors, approve compensation and auditor at annual meeting
Elected directors Himy, Korman, Mintz, Snitow with ~3.51M for, ~110K withheld, 982K broker non-votes.
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Tofutti Q3 net sales down 4% to $1.9M, net loss narrows to $137K
Net sales $1,907K for Q3 2025 vs $1,986K Q3 2024; nine-month sales fell 15% to $5,527K.
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Tofutti Q2 net sales fall 11% YoY to $2.03M; net loss narrows to $7K
Net sales for Q2 2025: $2.03M, down 11% from $2.28M; vegan cheese sales fell 11% to $1.71M.
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Tofutti Q1 net sales down 28% to $1.59M; loss narrows to $0.03/share
Net sales $1,591,000, down 28% YoY from $2,212,000.
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Tofutti reports FY2024 net loss of $860K, sales down 12% to $8.82M
Net sales $8.82M, down 12% from $10.07M in FY2023.
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Tofutti Brands Q3 net loss of $207K; sales down 21% to $1.99M
Net sales for Q3 fell 21% to $1.986M from $2.515M; vegan cheese sales dropped to $1.648M.
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Tofutti Q2 net sales down 16% to $2.28M; net loss narrows to $0.01 EPS
Net sales for Q2 (13 weeks) decreased 16% to $2.283M from $2.719M in prior-year quarter.
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Tofutti Brands announces annual meeting results: four directors elected, auditor ratified
Shareholders elected directors Himy, Korman, Mintz, Snitow with 64.6%-65.1% votes for.
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Tofutti Brands appoints Rosenberg Rich Baker Berman as new auditor
Board approved engagement of RRBB as independent auditor on May 28, 2024.
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Tofutti Brands Q1 2024 net sales down 11%; net loss widens to $303K
Net sales $2.21M, down 11% from $2.49M YoY; gross profit margin fell to 21% from 24%.
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Tofutti's auditor Mazars resigns; material weaknesses in internal controls cited
Mazars USA LLP resigned as Tofutti's auditor on April 5, 2024; effective upon filing Q1 2024 10-Q, no later than May 31, 2024.
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Tofutti Brands reports FY2023 net sales down 22% to $10.1M; net loss narrows to $366K
Net sales $10.07M, down $2.76M (22%) from prior year; plant-based cheese sales fell 22% to $8.56M.
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Tofutti Brands transfers from OTCQX to OTCQB after failing listing standards
Received OTC Markets notice on May 22, 2023 for non-compliance with OTCQX U.S. tier standards.
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Tofutti Q3 net income $110K on $2.5M revenue; sales down 13% YoY
Q3 (13 weeks ended Sep 30, 2023): net sales $2,515K, down 13% from $2,896K YoY; gross margin improved to 31% from 15%.
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Tofutti Q2 net sales fall 9% to $2.72M, net loss widens to $0.06 per share
Net sales for Q2 2023 were $2,719,000, down 9% from $2,979,000 in Q2 2022.
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Tofutti Brands shareholders elect four directors, ratify Mazars as auditor
Directors elected: Joseph Himy (56.66%), Scott Korman (56.64%), Efraim Mintz (56.64%), Franklyn Snitow (56.45%).
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Tofutti receives OTC Markets delisting notice for market cap below $5M
On May 22, 2023, Tofutti received notice from OTC Markets that its market cap fell below $5M for 30 consecutive days, violating OTCQX continued listing rules.
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Tofutti Brands Q1 sales down 28% to $2.49M; net loss of $0.02 per share vs profit $0.04 year ago
Net sales $2,490,000, down 28% YoY; vegan cheese fell to $2.1M, frozen desserts to $390k.
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Tofutti reports net loss of $525K for FY2022 vs net income of $143K in prior year
Net sales $12.83M, up 2% from $12.59M, driven by Q4 price increases.
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Tofutti reports Q3 net loss of $192K vs prior-year profit; sales decline 14%
Net loss of $192K ($0.04 loss per share) vs net income of $228K ($0.04 EPS) in Q3 2021.
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Tofutti Brands Q2 net loss of $208K vs $28K profit; sales down 1.6%
Net sales of $2.979M, down from $3.027M in Q2 prior year; vegan cheese sales up slightly to $2.526M.
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Tofutti shareholders elect directors, approve say-on-pay, and ratify auditor at 2022 annual meeting
All four director nominees elected: Joseph Himy, Scott Korman, Efraim Mintz, Franklyn Snitow.
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Tofutti Q1 net sales up 10% to $3.46M; net income doubles to $0.04/share
Net sales $3.46M vs $3.15M; vegan cheese sales up to $2.92M from $2.72M.
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Tofutti Brands fiscal 2021 revenue $12.59M (-9%); net income $143K vs $596K
Net sales $12.59M, down 9% from $13.82M; net income $143K ($0.03/share) vs $596K ($0.12).
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Tofutti Brands repays $500k loan to former CEO estate; cites improved finances
Repaid $500,000 principal plus accrued interest on a loan from David Mintz, former Chairman and CEO.
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Shareholders reelect four directors, ratify auditor; plan amended; OTCQX upgrade
Directors Joseph Himy, Scott Korman, Efraim Mintz, Franklyn Snitow re-elected with ~65% of votes cast.
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2021 Annual Meeting lacked quorum (more than half of outstanding shares), no business conducted. Adjourned to Dec 16, 2021.
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Tofutti Q3 net income falls to $120K from $220K YoY; gross margin drops to 24%
Q3 net sales up 6.5% YoY to $3.356M, led by vegan cheese and frozen dessert gains.
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Tofutti Q2 net income falls to $28K from $140K; sales down 6.7% to $3.027M
Net income of $28K ($0.01 EPS) vs $140K ($0.03 EPS) in Q2 2020; H1 net income $108K vs $190K.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.75 · Median 0.62 · Most common event earnings