secwatch.observer — SEC 8-K summary
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Issuer:     Fabric.AI, Inc. (FABC)
CIK:        0001086745
Form:       8-K
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0001493152-22-007501
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AYRO Q4 record revenue $813K; adjusted EBITDA loss $7.1M; cash $69.2M
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- Revenue $813K (+4% YoY, +45% sequential); record unit deliveries of Club Car Current LSEV.
- Net loss reduced 35% sequentially from Q3 2021; expects further improvement in Q1 and Q2 2022.
- Adjusted EBITDA loss of ($7.1) million in Q4 2021.
- Cash $69.2M, no debt; one-time COGS expenses of $1.78M in Q4 related to manufacturing shift.
- Developing AYRO Z light-duty electric utility truck; targeting launch by end of 2022, with North American supply chain, zero China components.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086745/000149315222007501/0001493152-22-007501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086745/000149315222007501/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-007501

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