secwatch.observer — SEC 8-K summary
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Issuer:     ALLIANCE ENTERTAINMENT HOLDING CORP (AENT)
CIK:        0001823584
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001104659-23-063282
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alliance Entertainment Q3 net loss $7.8M vs prior-year income; revenue down 29%
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- Q3 FY2023 net revenues $227.7M, down 29% from $320.4M in prior-year quarter.
- Net loss of $7.8M vs net income of $3.7M in Q3 FY2022.
- Adjusted EBITDA loss of $2.4M compared to positive $9.6M a year ago.
- Nine-month net loss $30.8M vs net income $33.2M; gross margin fell to 8.1% from 13.4%.
- Cost-cutting actions implemented include headcount reduction and management salary cuts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823584/000110465923063282/0001104659-23-063282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823584/000110465923063282/tm2316463d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-063282

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