secwatch.observer — SEC 8-K summary
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Issuer:     Grindr Inc. (GRND)
CIK:        0001820144
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001140361-23-024741
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grindr Q1 revenue $55.8M (+28% YoY) but net loss $32.9M on warrant & tax items; reaffirms guidance
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- Revenue $55.8M, up 28% YoY; adjusted EBITDA $22M (39% margin).
- Net loss $32.9M vs net income $4.5M prior year; swing from warrant liability ($15.3M) and tax provision ($15.5M).
- Average paying users 866k (+20% YoY); ARPPU $18.52; MAU 12.8M (+9%).
- FY2023 guidance reaffirmed: revenue growth 25%+ and adjusted EBITDA margin 38%+.
- Operating income $8.6M (15% margin), down slightly from $8.8M; product dev expenses up 53% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820144/000114036123024741/0001140361-23-024741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820144/000114036123024741/brhc20052903.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-024741

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