TOFB Tofutti Brands Inc
We are engaged in the development, production and marketing of TOFUTTI® brand dairy free, vegan frozen desserts, cheeses and other food products. TOFUTTI products are vegan, dairy free products which contain no butterfat, cholesterol or lactose and use soy and other vegetable proteins. Our products are 100% dairy free yet offer the same texture and full-bodied taste as their dairy counterparts. Our products are also free of cholesterol and derive their fat from corn and palm oils, each naturally lower in saturated fat than dairy products. With the exception of Mintz’s Blintzes, all of our products are completely vegan and our vegan cheese products are gluten free as well. In addition, all of our products are certified kosher-parve and all of our vegan cheese products are also certified halal.
Company profile
Ticker
TOFB
Exchange
Website
CEO
David Mintz
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
IRS number
133094658
TOFB stock data
()
Calendar
26 Jun 20
3 Jul 20
2 Jan 21
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 3.23M | 3.36M | 3.12M | 3.14M | |
| Net income | 50K | 157K | -40K | -62K | |
| Diluted EPS | 0.01 | 0.04 | -0.01 | -0.01 | |
| Net profit margin | 1.55% | 4.67% | -1.28% | -1.97% | |
| Operating income | 63K | 162K | -34K | -55K | |
| Net change in cash | 394K | -13K | -366K | 302K | |
| Cash on hand | 908K | 514K | 527K | 893K | |
| Cost of revenue | 2.23M | 2.06M | 2.23M | 2.28M |
| Annual (USD) | Jan 16 | Jan 11 |
|---|---|---|
| Revenue | 13.76M | 17.71M |
| Net income | -643K | 462K |
| Diluted EPS | -0.12 | 0.09 |
| Net profit margin | -4.67% | 2.61% |
| Operating income | -720K | |
| Net change in cash | -2.47M | |
| Cash on hand | 55K | 2.53M |
| Cost of revenue | 10.17M | 12.27M |
Financial data from company earnings reports
Institutional ownership Q3 2019
13F holders |
Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
13F shares |
Current |
|---|---|
| Total value | 0 |
| Total shares | 0 |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|
Financial report summary
?Management Discussion
- Net sales for the thirteen weeks ended March 28, 2020 decreased by $275,000, or 8%, to $3,226,000, from net sales of $3,501,000 for the thirteen weeks ended March 30, 2019. Sales of our frozen dessert and frozen food products, which consist primarily of frozen dessert products, decreased to $412,000 in the thirteen weeks ended March 28, 2020 from $523,000 for the thirteen weeks ended March 30, 2019. Sales of our vegan cheese products decreased to $2,814,000 in the 2020 period from $2,978,000 in the 2019 period. Sales of both our frozen dessert products and our vegan cheese product line were negatively impacted by the start of restrictions imposed due to the COVID-19 coronavirus, particularly in our export business. Our export vegan cheese product sales were also negatively impacted by the bankruptcy of our UK distributor at the end of 2019 due to the economic downturn in the UK brought about by the uncertainties of Brexit. We are in the process of finding a suitable replacement.
Content analysis
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| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
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Removed:
affecting, approach, artwork, billed, calculation, category, classification, classified, connection, consisted, criteria, disclose, Easement, exemption, Expedient, February, finance, identification, Initially, issuing, lab, Land, leasing, lessee, novelty, ongoing, optional, package, pattern, practical, recognizing, retrospective, separate, spent, stick, Targeted, timing, transition, updated
Financial reports
10-Q
2021 Q1
Quarterly report
26 Jun 20
10-K/A
2019 FY
Annual report (amended)
14 May 20
10-K
2019 FY
Annual report
21 Apr 20
10-Q
2019 Q3
Quarterly report
12 Nov 19
10-Q
2019 Q2
Quarterly report
13 Aug 19
10-Q
2019 Q1
Quarterly report
14 May 19
10-K
2018 FY
Annual report
29 Mar 19
10-Q
2018 Q3
Quarterly report
13 Nov 18
10-Q
2018 Q2
Quarterly report
14 Aug 18
10-Q
2018 Q1
Quarterly report
16 May 18
Current reports
8-K
Results of Operations and Financial Condition
26 Jun 20
8-K/A
Other Events
14 May 20
8-K
Other Events
12 May 20
8-K
Tofutti Announces 2019 Results
21 Apr 20
8-K
Other Events
27 Mar 20
8-K
Entry into a Material Definitive Agreement
16 Jan 20
8-K
Tofutti Announces Third Quarter and Nine Month Results
12 Nov 19
8-K
Tofutti Announces Second Quarter and Six Month Results
13 Aug 19
8-K
Submission of Matters to a Vote of Security Holders
13 Jun 19
8-K
Results of Operations and Financial Condition
14 May 19
Proxies
DEF 14A
Definitive proxy
25 Jun 20
DEFA14A
Additional proxy soliciting materials
23 May 19
DEF 14A
Definitive proxy
9 May 19
DEF 14A
Definitive proxy
15 May 18
DEF 14A
Definitive proxy
24 May 17
DEF 14A
Definitive proxy
27 May 16
DEF 14A
Definitive proxy
14 May 15
DEF 14A
Definitive proxy
14 May 14
DEF 14A
Definitive proxy
16 May 13
DEF 14A
Definitive proxy
9 May 12
Other
UPLOAD
Letter from SEC
9 Feb 15
CORRESP
Correspondence with SEC
2 Feb 15
CORRESP
Correspondence with SEC
12 Jan 15
UPLOAD
Letter from SEC
31 Dec 14
CORRESP
Correspondence with SEC
12 Dec 14
UPLOAD
Letter from SEC
4 Dec 14
UPLOAD
Letter from SEC
14 Nov 08
UPLOAD
Letter from SEC
28 Oct 08
UPLOAD
Letter from SEC
31 Oct 06
UPLOAD
Letter from SEC
30 Oct 06
Ownership
4
TOFUTTI BRANDS / DAVID MINTZ ownership change
12 Jan 16
SC 13D
Tofutti Brands Inc
12 Jan 16
4
TOFUTTI BRANDS / NEAL S AXELROD ownership change
3 Sep 15
4
TOFUTTI BRANDS / SCOTT KORMAN ownership change
11 Jun 15
4
TOFUTTI BRANDS / DAVID MINTZ ownership change
11 Jun 15
4
TOFUTTI BRANDS / FRANKLYN H SNITOW ownership change
11 Jun 15
4
TOFUTTI BRANDS / Joseph N Himy ownership change
11 Jun 15
4
TOFUTTI BRANDS / NEAL S AXELROD ownership change
11 Jun 15
4
TOFUTTI BRANDS / FRANKLYN H SNITOW ownership change
2 Apr 15
4
TOFUTTI BRANDS / DAVID MINTZ ownership change
2 Apr 15