secwatch.observer — SEC 8-K summary
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Issuer:     GREEN DOT CORP (GDOT)
CIK:        0001386278
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001386278-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Green Dot Q4 net loss $23.6M; Fed consent order accrual $20M; revenue up 7%
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- Q4 total operating revenues $366.0M, up 7% YoY; net loss $23.6M vs net income $5.9M in Q4 2022.
- Adjusted EBITDA $25.7M, down 27% YoY; adjusted EBITDA margin 7.1% versus 10.5%.
- Accrued $20M liability for proposed Federal Reserve consent order; total reasonably possible loss up to $50M.
- Non-GAAP diluted EPS $0.14, down 59% YoY; full-year non-GAAP diluted EPS $1.62.
- Company expects improving revenue and adjusted EBITDA growth through 2024; pipeline of new partners cited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386278/000138627824000004/0001386278-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386278/000138627824000004/gdot-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001386278-24-000004

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