secwatch.observer — SEC 8-K summary
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Issuer:     Amesite Inc. (AMST)
CIK:        0001807166
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001213900-22-030836
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amesite reports 29% revenue growth in first nine months of FY2022; cash burn down 13.5% YoY in Q3
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- Revenue growth for first nine months of FY2022 approximately 29% vs prior year.
- FYQ3 cash burn $1.35M, down 13.5% from FY2021 Q3 and lowest since IPO.
- Reduced full-time staff 23% from Q2 to Q3; offboarded contract IT with $300K termination payment.
- New partnerships: CUNY, Conner Prairie museum, 3-year Wayne State extension (98% retention).
- Average quarterly cash burn down 28.4% vs year-to-date quarterly average.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807166/000121390022030836/0001213900-22-030836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807166/000121390022030836/ea161038-8k_amesite.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-030836

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