secwatch.observer — SEC 8-K summary
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Issuer:     Tempo Automation Holdings, Inc. (—)
CIK:        0001813658
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001104659-23-060777
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.01, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tempo Automation Q1 revenue $2.8M, net loss narrowed; Nasdaq warns on MVPHS; acquisition pending
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- Revenue $2.8M, down 28% YoY from $3.9M; net loss $7.4M improved from $12.5M loss.
- Adjusted EBITDA $(4.1)M vs $(7.7)M prior year; full-year standalone guidance lowered to $11-13M revenue.
- Received Nasdaq deficiency notice for MVPHS below $15M; 180-day cure until Nov 6, 2023.
- Proposed acquisition of Optimum Design Associates expected to close late Q2/early Q3 2023.
- With Optimum close by June 30, projected FY revenue $15.6-19.6M and adjusted EBITDA $(11)-(8)M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813658/000110465923060777/0001104659-23-060777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813658/000110465923060777/tm2315786d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-060777

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