secwatch.observer — SEC 8-K summary
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Issuer:     Fabric.AI, Inc. (FABC)
CIK:        0001086745
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001493152-21-028623
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AYRO reports Q3 revenue $559K (+44% YoY), net loss $12M; cash $77.1M
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- Revenue of $559,370, up 44% YoY; net loss of ($12.0) million; adjusted EBITDA loss of ($8.2) million.
- Total cash of $77.1 million with no debt as of September 30, 2021.
- Appointed Thomas M. Wittenschlaeger as CEO; company to evaluate strategy for shareholder value.
- Launched 2022 Club Car Current; recognized $0.4M charge for retirement of prior model; $4.9M in purchase orders from Club Car.
- Contracted backlog of $4.1 million as of September 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086745/000149315221028623/0001493152-21-028623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086745/000149315221028623/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-028623

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer