Beyond Meat faces a looming impairment charge, unable to quantify the amount yet. Shares down 23% after a debt-for-equity swap and short-covering rally. Q3 sales projected at $70m, a decrease from last year. Gross margins expected to decline to 10-11%. John Boken hired as external advisor. No reported net profit since going public in 2019. Stumbling with repeated losses, falling revenues, China exit, job cuts, and financing. SEC filing prompts analyst caution on outlook.

Read more at Yahoo Finance: Beyond Meat warns of “material” impairment in blow to share price