Akerna reports Q4/FY2022 net loss of $79.1M; revenue down 23%; proposes merger with Gryphon Digital Mining

American Bitcoin Corp.

Net loss $79.1M for FY2022 vs $31.3M prior year; Q4 net loss $25.2M.
Total revenue $13.6M for FY2022, down 23% YoY; software revenue $12.9M, down 19%.
Completed sale of 365 Cannabis and Last Call Analytics in Jan 2023 for ~$2.9M.
Announced proposed merger with Gryphon Digital Mining and sale of non-enterprise software to POSaBIT on Jan 27, 2023.
Adjusted EBITDA loss $8.9M for FY2022 vs $8.3M prior year; cash $7.9M at Dec 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Bitcoin Corp. reported the fiscal year ended December 31, 2022 results: revenue Total revenue was $2.8 million and $13.6 million, net income Net loss of $25.2 million and $79.1 million.

Period: the fiscal year ended December 31, 2022
Revenue: Total revenue was $2.8 million and $13.6 million
Net income: Net loss of $25.2 million and $79.1 million
Result: reported results

Exact text from the filing

Total revenue was $2.8 million and $13.6 million, down 30% and 23%, year-over-year respectively, when compared to the prior year quarter and annual periods

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Bitcoin Corp. reported the fourth quarter ended December 31, 2022 results: revenue Total revenue was $2.8 million and $13.6 million, net income Net loss of $25.2 million and $79.1 million.

Period: the fourth quarter ended December 31, 2022
Revenue: Total revenue was $2.8 million and $13.6 million
Net income: Net loss of $25.2 million and $79.1 million
Result: reported results

Exact text from the filing

Total revenue was $2.8 million and $13.6 million, down 30% and 23%, year-over-year respectively, when compared to the prior year quarter and annual periods

View on SEC.gov

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American Bitcoin Corp. filing history →

Source: SEC EDGAR

accession 0001213900-23-022595

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