TOFUTTI BRANDS INC (TOFB) Form 10-Q — May 18, 2026
Tofutti Brands Inc. (TOFB) reported a net loss of $255,000 for the first quarter of 2026, widening from a $162,000 loss in the prior year period, driven by a decline in gross margin from 37% to 30% due to rising ingredient and packaging costs. The company disclosed substantial doubt about its ability to continue as a going concern, citing declining revenues, recurring losses, and the impending closure of its primary co-packer facility on July 31, 2026, which produces approximately 80% of its sales.
Key figures
- Revenue
- 1557000
- Total Debt
- 1180000
- Total Assets
- 3133000
- Cash Position
- 63000
- Working Capital
- 1876000
- Shares Outstanding
- 5153706
Price after filing
Close on the filing date to close N calendar days later (from $0.62). Historical, not a forecast.
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