---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-000394"
form_type: "8-K"
ticker: "CFOR"
cik: "0001293818"
company_name: "CapForce Inc."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T08:58:27.153731+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OpGen reports FY2022 revenue $2.6M, down 40% YoY; guides FY2023 revenue $4-5M

## Summary
- FY2022 total revenue ~$2.6M vs $4.3M in 2021; Q4 revenue $722K, down 48% YoY but up 61% QoQ.
- Operating expenses $37.2M for FY2022, including $12.3M goodwill and IPR&D impairment charges.
- Cash and equivalents $7.4M at Dec 31, 2022, down from $36.1M; recent $7.5M public offering closed.
- FY2023 guidance: revenue $4-5M; net cash consumption $4.5-5M per quarter; EIB loan restructuring discussions for EUR 3M due June 2023.
- Unyvero UTI FDA De Novo submission expected early Q2 2023; ARESiss first US commercial orders received.

## SEC filing metadata
- accession: 0001079973-23-000394
- form_type: 8-K
- ticker: CFOR
- cik: 0001293818
- company_name: CapForce Inc.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1293818/000107997323000394/0001079973-23-000394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1293818/000107997323000394/opgen_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-000394
- JSON: https://secwatch.observer/filing/0001079973-23-000394.json
- Plain text: https://secwatch.observer/filing/0001079973-23-000394.txt

## Key facts
- Earnings Releases
  CapForce Inc. reported full year ended December 31, 2022 results: revenue approximately $2.6 million. Guidance reaffirmed.
  - Period: full year ended December 31, 2022
  - Revenue: approximately $2.6 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Its total revenue for 2022 was approximately $2.6 million which was in line with the Company's most recent guidance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1293818/000107997323000394/0001079973-23-000394-index.htm
- Earnings Releases
  CapForce Inc. reported the fourth quarter of 2022 results: revenue approximately $722 thousand.
  - Period: the fourth quarter of 2022
  - Revenue: approximately $722 thousand
  - Result: reported results
  source text: OpGen's revenue for the fourth quarter of 2022 was approximately $722 thousand.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1293818/000107997323000394/0001079973-23-000394-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.