---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-021967"
form_type: "8-K"
ticker: "FABC"
cik: "0001086745"
company_name: "Fabric.AI, Inc."
filed_at: "2022-08-11T23:59:59+00:00"
generated_at: "2026-06-24T00:38:16.690385+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AYRO Q2 revenue up 88% to $982K; net loss improves to $6.0M; defective Cenntro parts hit COGS

## Summary
- Revenue ~$982K, +88% YoY; net loss ($6.0M) vs ($7.7M) YoY; adjusted EBITDA loss ($4.2M) vs ($5.9M).
- Cash and marketable securities $58.9M, zero debt.
- Recognized full cost of defective Cenntro components in Q2, rendering Club Car Current sales difficult; seeking credit.
- AYRO Z development on budget, prototype unveil planned by year-end; supply chain 92% sourced, 85% North America.
- Expect GSA schedule listing by year-end to access federal government sales.

## SEC filing metadata
- accession: 0001493152-22-021967
- form_type: 8-K
- ticker: FABC
- cik: 0001086745
- company_name: Fabric.AI, Inc.
- filed_at: 2022-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086745/000149315222021967/0001493152-22-021967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086745/000149315222021967/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-021967
- JSON: https://secwatch.observer/filing/0001493152-22-021967.json
- Plain text: https://secwatch.observer/filing/0001493152-22-021967.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.