secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001193125-23-276052
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beneficient reports Q2 FY2024 GAAP operating loss of $381.8M; EPS $(1.45)
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- Consolidated GAAP operating loss $381.8M vs loss $73.0M a year ago; diluted EPS $(1.45) vs $(0.03).
- Ben Liquidity segment operating loss $272.1M vs income $24.2M, driven by non-cash goodwill impairment and negative credit loss adjustments.
- Adjusted operating loss (non-GAAP) $21.2M vs $33.9M prior year, improving 37.6%.
- Cash and equivalents $2.4M; total debt $150.8M as of Sept 30, 2023.
- Ben Custody segment operating loss $80.8M vs income $6.3M, also due to goodwill impairment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000119312523276052/0001193125-23-276052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000119312523276052/d306335d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-276052

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