secwatch.observer — SEC 8-K summary
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Issuer:     iSpecimen Inc. (ISPC)
CIK:        0001558569
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001104659-24-034321
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iSpecimen FY2023 revenue $9.93M (-4.5% YoY), net loss $11.1M; cash burn improves to $657K in Q4
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- Revenue $9.93M vs $10.40M in 2022; specimen count fell 11% to 24,565 but ASP rose 7% to $404.
- Net loss $11.10M ($1.23/sh) vs $10.2M ($1.16/sh); cash ended at $5.01M, down from $15.31M.
- Q4 cash burn $657K, down from $4.29M in Q1; quote-to-PO conversion rose 39% vs prior quarters.
- Record monthly revenue of ~$1.7M in Dec 2023; over 600 customer orgs and 7,428 registered users.
- Entered ATM offering up to $1.5M on March 5, 2024 for additional funding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1558569/000110465924034321/0001104659-24-034321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1558569/000110465924034321/tm248700d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-034321

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