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

Issuer:     SIEBERT FINANCIAL CORP (SIEB)
CIK:        0000065596
Form:       8-K
Filed at:   2022-05-25T23:59:59+00:00
Accession:  0001213900-22-029456
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Siebert Financial Q1 2022 revenue $10.3M (down 45% YoY), net loss $1.0M
-----------------------------------------------------------------------

- Revenue $10.3M, down from $18.9M in Q1 2021; net loss $1.0M vs net income $2.3M.
- Operating loss $1.4M vs operating income $3.0M; loss per share $0.04 vs EPS $0.07.
- Temporary unrealized loss of $2.2M on U.S. government securities portfolio expected to reverse over maturities.
- Plans to launch correspondent clearing services by Q3 2022, led by newly hired FinTech SVP Matthew Shatz.
- Retail customer net worth $16.1B vs $16.8B at year-end 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65596/000121390022029456/0001213900-22-029456-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65596/000121390022029456/sieb8krfd.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-029456

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