secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000950170-22-023363
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSP Recovery Q3 revenue $8.3M (+234% YoY); net loss $0.01/sh; debt extinguishment gain $63.4M
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- Revenue $8.3M, up 234% YoY; operating loss $78.9M (adjusted loss $12.5M excluding $66.3M non-cash amortization).
- Net loss $26.1M ($0.01/share); adjusted net loss $12.8M; cash $14.3M as of Sept 30, 2022.
- Recorded $63.4M gain on debt extinguishment after reducing Brickell Key obligation from $143M to $80M.
- Paid value of recoverable claims grew to $89.2B; acquired $48.2M in recovery rights during Q3.
- Signed $7.5M LifeWallet licensing deal; launched LifeWallet Legal Referral Service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017022023363/0000950170-22-023363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017022023363/mspr-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023363

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer