---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-071551"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T20:46:45.688606+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Akerna Q3 2022: Software revenue up 17% to $5.3M, net loss widens to $2.3M

## Summary
- Total revenue $5.4M (+5% YoY); software revenue $5.3M (+17% YoY).
- Gross profit $3.4M (62% margin); loss from operations of $0.8M included a $3.0M earn-out adjustment benefit.
- Net loss $2.3M vs $1.5M in Q3 2021; Adjusted EBITDA loss narrowed to $1.4M from $1.5M.
- 75% of revenue is recurring annual; cash and restricted cash $9.5M as of Sept 30, 2022.
- CEO cites cost controls and narrowing EBITDA losses as path to sustained profitability.

## SEC filing metadata
- accession: 0001213900-22-071551
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390022071551/0001213900-22-071551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390022071551/ea168506-8k_akernacorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-071551
- JSON: https://secwatch.observer/filing/0001213900-22-071551.json
- Plain text: https://secwatch.observer/filing/0001213900-22-071551.txt

## Key facts
- Earnings Releases
  American Bitcoin Corp. reported the third quarter ended September 30, 2022 results: revenue $5.4 million, net income $2.3 million.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $5.4 million
  - Net income: $2.3 million
  - Result: reported results
  source text: Total revenue was $5.4 million, up 5% year-over-year ● Gross profit of $3.4 million, or 62% of total revenues, was essentially flat with $3.2 million, or 62% of total revenues in the same period of 2021 ● Loss from operations was $0.8 million which included a $3.0 million benefit, attributable to an acquisition earn-out adjustment, compared to a loss of $3.7 million in last year’s same period ● Net loss was $2.3 million compared to a loss of $1.5 million in last year’s third quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755953/000121390022071551/0001213900-22-071551-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.