secwatch / observer

TOFUTTI BRANDS INC — fact timeline

Source-grounded facts extracted from TOFUTTI BRANDS INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

TOFB TOFUTTI BRANDS INC JSON
Earnings Releases

TOFUTTI BRANDS INC reported the fiscal quarter ended March 30, 2024 results: net income $303,000, EPS $0.06 per share.

“We incurred a net loss of $303,000, or $0.06 per share (basic and diluted) for the quarter ended March 30, 2024”
Auditor Changes

Mazars USA LLP resigned as auditor of TOFUTTI BRANDS INC.

“Mazars USA LLP (“Mazars”) resigned as the independent registered public accounting firm of Tofutti Brands, Inc. (the “Company”) on April 5, 2024.”
Earnings Releases

TOFUTTI BRANDS INC reported the fiscal year ended December 30, 2023 results: revenue net sales of $10,068,00, net income net loss of $366,000, EPS $0.07 per share (basic and diluted).

“TOFUTTI ANNOUNCES RESULTS FOR THE FISCAL YEAR ENDED DECEMBER 30, 2023 Cranford, New Jersey — April 3, 2024 — TOFUTTI BRANDS INC. (OTCQX Symbol: TOFB) issued its results for the fiscal year ended December 30, 2023 today. Tofutti Brands reported net sales of $10,068,00, a decrease of $2,759,000 or 22%, from net sales of $12,827,000 for the fiscal year ended December 31, 2022.”
Listing & Compliance Notices

TOFUTTI BRANDS INC received a otc deficiency notice notice regarding other.

“May 22, 2023 the Registrant received a notice from the OTC Markets Group indicating that the Registrant no longer meets the Standards for Continued Qualification for the OTCQX U.S. tier as per the OTCX Rules for U.S. Companies (Version 8.6) section 3.2.b.2. The Registrant was unable to regain compliance with the Standards for Continued Qualification for the OTCQX U.S. tier. The Registrant transferred to the OTCQB market effective January 2, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf”
Earnings Releases

TOFUTTI BRANDS INC reported thirteen and thirty-nine weeks ended September 30, 2023 results: revenue Net sales for the thirteen weeks ended September 30, 2023 decreased by $381,000, or 13%, to $2,515,000, from net sales o, net income We had net income of $110,000, or $0.02 per share (basic and diluted) for the thirteen-weeks ended September 30, 2023 an, EPS $0.02 per share (basic and diluted) for the thirteen-weeks ended September 30, 2023 and ... $0.06 per share (basic and d.

“On November 14, 2023, the Registrant reported its results of operations for the thirteen and thirty-nine weeks ended September 30, 2023.”
Earnings Releases

TOFUTTI BRANDS INC reported twenty-six weeks ended July 1, 2023 results: revenue $5,208,000, net income net losses of $420,000 or $0.08 per share (basic and diluted), EPS $0.08 per share (basic and diluted).

“weeks ended July 1, 2023 from $453,000 for the thirteen weeks ended July 2, 2022. For the twenty-six week period ended July 1, 2023, sales decreased by $1,234,000 or 19% to $5,208,000 compared to $6,442,000 for the twenty-six week period ended July 2, 2022. Our gross profit increased to $667,000 in the thirteen week period ended July 1, 2023 from $525,000 in”
Earnings Releases

TOFUTTI BRANDS INC reported thirteen weeks ended July 1, 2023 results: revenue $2,719,000, net income net losses of $318,000, or $0.06 per share (basic and diluted), EPS $0.06 per share (basic and diluted).

“Tofutti Brands reported net sales for the thirteen weeks ended July 1, 2023 decreased by $260,000, or 9%, to $2,719,000”
Shareholder Votes

TOFUTTI BRANDS INC shareholders approved Ratification of Mazars USA LLP as independent registered public accounting firm at the 2023-06-20 meeting.

“The votes cast by shareholders with respect to the ratification of the selection of Mazars USA LLP as the Registrant’s independent registered public accounting firm for the fiscal year ending December 30, 2023 were as follows. For Withheld Abstain Broker Non-Votes % Votes For 3,752,531 167,986 102,035 0 72.79”
Shareholder Votes

TOFUTTI BRANDS INC shareholders approved Election of four directors at the 2023-06-20 meeting.

“At the Registrant’s Annual Meeting of Shareholders held on June 20, 2023, the shareholders of the Registrant entitled to vote at the meeting voted to (i) elect the four individuals named below to serve as directors of the Registrant to hold office until the Annual Meeting of Shareholders to be held in 2024, and until their successors have been duly elected and qualified”
Listing & Compliance Notices

TOFUTTI BRANDS INC received a otc deficiency notice notice regarding market value.

“May 22, 2023 the Registrant received a notice from the OTC Markets Group indicating that the Registrant no longer meets the Standards for Continued Qualification for the OTCQX U.S. tier as per the OTCX Rules for U.S. Companies (Version 8.6) section 3.2.b.2. Specifically, the Registrant’s market capitalization has stayed below $5 million for the past 30 consecutive calendar days. The Registrant has a cure period of 180 calendar days, expiring November 20, 2023, to regain compliance. In order to regain compliance, the Registrant’s market capitalization must stay at or above $5 million for 10 con”
Earnings Releases

TOFUTTI BRANDS INC reported thirteen weeks ended April 1, 2023 results: revenue $2,490,000, net income $102,000, or $0.02 per share (basic and diluted), EPS $0.02 per share (basic and diluted).

“Tofutti Brands reported net sales for the thirteen weeks ended April 1, 2023 decreased by $973,000, or 28%, to $2,490,000, from net sales of $3,463,000 for the thirteen weeks ended April 2, 2022.”
Earnings Releases

TOFUTTI BRANDS INC reported thirteen weeks ended October 1, 2022 results: revenue $2,896,000, net income $192,000, EPS $0.04 loss per share (basic and diluted).

“Tofutti Brands reported net sales of $2,896,000 for the thirteen weeks ended October 1, 2022 compared to net sales of $3,356,000 for the thirteen weeks ended October 2, 2021. Sales of our vegan cheese products decreased to $2,334,000 in the thirteen weeks ended October 1, 2022 from $2,816,000 in the thirteen weeks ended October 2, 2021, due to the timing of cheese promotions that occurred last year. Sales of our frozen dessert and frozen food products, which consist primarily of frozen dessert products, increased slightly to $562,000 in the thirteen weeks ended October 1, 2022 from $540,000 for the thirteen weeks ended October 2, 2021. Our gross profit decreased significantly to $427,000 for the thirteen weeks ended October 1, 2022 from $818,000 for the thirteen weeks ended October 2, 2021, due partially to the reduction in sales. Our gross profit percentage was 15% for the thirteen weeks ending October 1, 2022 compared to 24% for the thirteen weeks ending October 2, 2021. The decrease”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.