secwatch.observer — SEC 8-K summary
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Issuer:     Cohen & Co Inc. (COHN)
CIK:        0001270436
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001104659-23-113607
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cohen & Company Q3 net loss $0.4M; records $6.8M investment write-down; maintains dividend
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- Net loss attributable to Cohen of $0.4M ($0.28 per diluted share) for Q3 2023, vs. $6.6M loss in Q2 2023 and $0.9M loss in Q3 2022.
- Total revenues $17.1M, down from $22.6M in Q2 and $23.5M in prior year; new issue and advisory rev. $7.2M, up $5.9M QoQ.
- Adjusted pre-tax loss of $8.4M ($1.52 per share) vs. prior quarter loss $1.6M and prior year income $2.2M.
- Principal transactions revenue includes $6.8M write-down of investment in Stoa USA Inc./FlipOS due to its ceasing operations.
- Board declares $0.25 quarterly dividend, payable Dec 1, 2023 to holders of record Nov 17, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1270436/000110465923113607/0001104659-23-113607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1270436/000110465923113607/tm2329452d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-113607

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