DTEAF Research | Milton Maxwell

DTEAF

DAVIDsTEA Inc.

0.6600

-0.0600-8.33%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

20.12M

P/E (TTM)

Basic EPS (TTM)

-0.68

Dividend Yield

Recent Filings

8-K

Nasdaq delisting confirmed

4/13/23Apr 13, 2023

DAVIDsTEA voluntarily delists from Nasdaq, with trading ceasing at market close on April 14, 2023. Shares began trading on TSXV April 3 under DTEA in Canadian dollars. U.S. investors can still access via TSXV. Delisting shifts focus to Canadian exchange.

8-K

Delists Nasdaq, lists TSXV

3/27/23Mar 27, 2023

DAVIDsTEA notified Nasdaq on March 27, 2023, of its voluntary delisting from the Nasdaq Global Market after failing to meet the $1.00 minimum bid price rule, with trading ceasing April 14. Shares start on TSX Venture Exchange April 3 under DTEA in Canadian dollars, dual-listed briefly. Board cites cut compliance costs; operations unchanged. Delisting sheds SEC burdens.

8-K

Cuts SG&A $8-10M

2/3/23Feb 3, 2023

DAVIDsTEA disclosed preliminary Q4 sales of $29-31M, down 25% year-over-year at midpoint, and full-year revenues of $80-82M, off 22%, hit by inflation and weak online demand despite Canadian wholesale/retail gains. It's slashing SG&A by $8-10M in fiscal 2023 via 15% head-office layoffs and $6-8M expense cuts, including paused IT investments. Cash sits at $22M, debt-free. Cost cuts align with profitability push amid macro woes.

8-K

VP Supply Chain departs

12/21/22Dec 21, 2022

DAVIDsTEA's VP of Supply Chain, Martin Hillcoat, separated effective December 7, 2022, with severance under his employment agreement pending a release and covenant compliance. No successor named yet. Supply chain leadership now vacant.

10-Q

Q3 FY2023 results

12/13/22Dec 13, 2022

DAVIDsTEA's Q3 FY2023 sales fell 27.1% y/y to $16.2M (ended October 29, 2022), with e-commerce down 29.5% to $10.2M and wholesale off 41.8%, yet gross margin held steady at 38.8%. Operating loss widened to $4.6M from $1.8M y/y, driven higher SG&A at 67.5% of sales amid IT and marketing spends; net loss hit $4.7M or $(0.18) diluted EPS, matching 26.6M shares. Cash dipped to $16.1M after $2.2M operating outflow, but a new $15.0M revolver (prime +1%, covenants from Jan 2023) bolsters liquidity. Canada drove 80% revenue. Nasdaq bid price below $1.00 risks delisting by April 2023.

About

DAVIDsTEA Inc. operates as a tea retailer in Canada and the United States. It offers loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts; tea accessories; and tea blends and herbs. The company also provides its products through an e-commerce platform, davidstea.com; the Amazon marketplace, its wholesale customers; and company-owned storefronts. DAVIDsTEA Inc. was incorporated in 2008 and is headquartered in Montreal, Canada.

CEO

Ms. Sarah Segal

IPO

6/5/2015

Website

https://www.davidstea.com

Sector

Consumer Defensive

Industry

Packaged Foods