secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sports Entertainment Gaming Global Corp (SEGG)
CIK:        0001673481
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001213900-22-026655
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lottery.com Q1 revenue $21.2M (+$15.7M YoY); Adj. EBITDA $7.7M
--------------------------------------------------------------

- Q1 revenue $21.2M, up 285% from $5.5M in Q1 2021.
- Gross profit $18.0M, up from $2.5M; net loss widened to $15.8M from $5.5M.
- Adjusted EBITDA turned positive at $7.7M vs. -$2.6M prior year.
- Cash balance $50.8M; debt reduced to $3.5M from $41.5M.
- CEO cites strong B2C app download growth and Phase 1 launch of Project Nexus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673481/000121390022026655/0001213900-22-026655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673481/000121390022026655/ea159976-8k_lottery.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-026655

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