KAVL
Kaival Brands Innovations Group, Inc.0.1806
+0.0211+13.2%
Dec 16, 4:00:02 PM EST
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
2.09MP/E (TTM)
-Basic EPS (TTM)
-0.61Dividend Yield
0%Recent Filings
10-Q
8-K
Leadership shakeup trims costs
Kaival Brands overhauled its board and leadership effective February 5, 2026, accepting resignations from three directors on January 31 and interim-CEO Mark Thoenes, then appointing Eric Mosser as CEO and director, Eric Morris as CFO and director, and Thoenes as Chairman. The board axed all committees, halted non-employee director pay, and amended bylaws to streamline nominations and asset sales—slashing costs post-Nasdaq delisting. Leadership stabilized. These moves back the recovery plan.
10-K
FY2025 results
Kaival Brands' FY2025 ended October 31 delivered $0.5M revenue, down sharply from $6.9M in FY2024, as Bidi Stick sales halted amid ITC patent rulings and FDA MDOs, leaving PMI royalties as the sole stream—Q4 showed no product revenue acceleration. Gross profit shrank to $0.5M from $2.6M, while operating expenses exploded to $17.1M versus $8.3M, driven by a $9.9M GoFire intangible impairment after a merger termination. Cash drained to $0.5M from $3.9M, with $2.8M operating burn; no debt or capex detailed. No guidance issued. ITC proceedings risk prolonged Bidi import bans.
8-K
Nasdaq tags Kaival public shell
Kaival Brands received a Nasdaq notice on November 10, 2025, deeming it a 'public shell' due to scant revenue—under $400,000 for nine months ended July 31, 2025, versus $6.1 million prior year—and 87.7% of assets in uncommercialized patents. The company disputes this, plans to appeal, staying delisting. No assurance of success. Nasdaq sees a shell; Kaival fights back.
8-K
Annual meeting elects directors
Kaival Brands held its 2025 Annual Stockholders Meeting on October 31, electing David Worner, Mark Thoenes, Ashesh Modi, and Ketankumar Patel to its board with overwhelming majorities—over 5.5 million votes each—while 1.98 million broker non-votes loomed. Shareholders ratified MaloneBailey as auditors for fiscal year ending October 31, 2025, with 7.55 million for versus just 22,000 against. Quorum hit 65%. Continuity locked in.
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