earnings
confidence high
sentiment negative
materiality 0.70
Falcon's Beyond Global acquired entity posts $14.3M net loss on $16.1M revenue in 8-K/A
Falcon's Beyond Global, Inc.
- Net loss of $14.3M for nine months ended Sept 30, 2023, vs $13.0M in prior year period.
- Revenue of $16.1M, up 34% YoY from $12.0M, driven by project design and build revenue.
- Transaction expenses of $21.6M and intangible impairment of $2.4M contributed to operating loss of $36.9M.
- Cash fell to $371K from $8.4M at Dec 31, 2022; operating cash outflow of $16.4M.