secwatch.observer — SEC 8-K summary
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Issuer:     MachTen, Inc. (—)
CIK:        0001957783
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001140361-23-053288
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 4.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MachTen Q3 net income $1.09M flat YoY; non-regulated revenue up 12%; E-ACAM support to $9.7M from 2024
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- Q3 net income $1.09M vs $1.08M prior year; total revenue $4.13M (regulated $3.08M, non-regulated $1.05M).
- Fiber subscribers increased to 900 from 753 in Q2; fiber passings ~4,200 in competitive markets.
- E-ACAM program begins Jan 2024; annual support rises to $9.7M through 2038 from current $8.7M ACAM expiring 2028.
- CFO Stephen Moore resigned; Bridget Betcher appointed CAO effective Nov 14, 2023.
- Auditor changed from BDO to FORVIS; prior material weakness in internal controls continues.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1957783/000114036123053288/0001140361-23-053288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1957783/000114036123053288/ef20014722_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-053288

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