secwatch.observer — SEC 8-K summary
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Issuer:     Fabric.AI, Inc. (FABC)
CIK:        0001086745
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001493152-22-011708
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AYRO Q1 revenue record $1.03M, net loss down 41% sequentially to $4.6M
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- Revenue of $1.03M, a record, up 30% YoY and 26% sequentially.
- Net loss $4.6M vs $7.8M in Q4 2021 ($3.2M sequential improvement).
- Adjusted EBITDA loss ($4.2M) vs ($7.1M) in Q4 2021.
- Cash and marketable securities $63.5M, no debt.
- AYRO Z development on track for year-end 2022 launch; first prototype in fabrication.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086745/000149315222011708/0001493152-22-011708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086745/000149315222011708/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-011708

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