secwatch.observer — SEC 8-K summary
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Issuer:     Zapata Quantum, Inc. (ZPTA)
CIK:        0001843714
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001193125-24-138880
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zapata AI reports Q1 revenue $1.22M (down 19% YoY); net loss $22.32M includes $14.7M non-cash charges
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- Revenue $1.22M vs $1.51M YoY; operating loss flat at $5.08M.
- Net loss $22.32M includes $9.78M loss on senior secured notes and $4.94M on derivative liability.
- Cash and equivalents $7.25M; raised $5.4M in additional capital post-quarter through May 10.
- Expanded Andretti Global deal ($1M); partnerships with D-Wave and Tech Mahindra announced.
- Completed business combination with Andretti Acquisition Corp. and began trading on Nasdaq April 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843714/000119312524138880/0001193125-24-138880-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843714/000119312524138880/d839718d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-138880

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