secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K/A
Filed at:   2022-06-15T23:59:59+00:00
Accession:  0001193125-22-174696
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TestEquity revenue $270.5M in 2021, net loss narrows to $8.7M in acquisition amendment
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- Net revenue $270.5M in 2021 (+5.5% YoY); equipment sales $260.3M, rental $10.3M.
- Net loss improved to $8.7M from $15.9M in 2020; gross profit $66.8M (+21.2% YoY).
- Cash $5.5M, total assets $238.5M; members' equity $75.4M as of Dec 31, 2021.
- Goodwill $70.1M, intangible assets $53.0M; rental equipment net $24.7M.
- Acquired MCS Test Group in 2021 for $7.6M cash plus $1.4M seller note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312522174696/0001193125-22-174696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312522174696/d339478d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-174696

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