{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-061363","form_type":"8-K","ticker":null,"cik":"0001810140","company_name":"Polished.com Inc.","filed_at":"2023-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.348232+00:00","generated_at":"2026-06-12T22:13:24.578281+00:00","sec_items":["4.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Polished.com restates FY2021, reports FY2022 net loss of $126M, provides Q1 2023 results and lowered guidance","bullets":["Restated FY2021 net loss $7.6M vs. previously reported net income $7.7M; revenue reduced by $16.6M.","FY2022 net loss $126M ($1.18/diluted share) driven by $109.1M impairment; net sales $534.5M.","Q1 2023 net sales $95.4M (down 36% YoY), net loss $2.8M ($0.03/share), adjusted EBITDA $1.9M.","Q2 2023 guidance: net sales $85-90M, low-single-digit EBITDA margins; full year net sales $375-400M.","Amended credit agreement requires loan repayment by Aug 31, 2024; cash $8.7M, debt $102.8M as of June 30."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-061363","json":"https://secwatch.observer/filing/0001213900-23-061363.json","markdown":"https://secwatch.observer/filing/0001213900-23-061363.md","text":"https://secwatch.observer/filing/0001213900-23-061363.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1810140/000121390023061363/0001213900-23-061363-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1810140/000121390023061363/ea182620-8k_polished.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T22:13:24.578281+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8cdb0e0c6ba7c9046e7d1ce7b7e88fabb5f3fa73","claim":"Polished.com Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"the Company’s previously issued financial statements included in the Company’s Annual Report on Form 10-K for the period ended December 31, 2021, and Quarterly Report on Form 10-Q for the period ended March 31, 2022 (the “Affected Periods)” should no longer be relied upon","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810140/000121390023061363/0001213900-23-061363-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}