secwatch.observer — SEC 8-K summary
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Issuer:     Chrome Holding Co. (—)
CIK:        0001804591
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000950170-23-039809
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

23andMe reports Q1 revenue down 6% to $61M, net loss widens; cuts 71 jobs (47% of Therapeutics); CTO retires
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- Q1 FY2024 revenue $61M (down 6% YoY); net loss $105M vs $90M; Adj EBITDA deficit $50M (flat).
- Workforce reduction of 71 employees (~11% total, 47% of Therapeutics) to save ~$15.5M annually; charges ~$3.8M.
- CTO Dr. Kenneth Hillan retired Aug 8; will assist transition until Feb 8, 2024.
- Cash $314M (down from $387M at Mar 31). FY2024 guidance: rev $255-275M; net loss $325-345M; Adj EBITDA deficit $160-180M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804591/000095017023039809/0000950170-23-039809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804591/000095017023039809/me-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039809

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