AYRO Q3 revenue $373K, net loss improves to $5.7M; unveils Vanish LSEV platform

Fabric.AI, Inc.

2023-Q3 EPS reported -$3.51 vs consensus -$13.71 ▲ beat (+74.4%)

Revenue of ~$373,000; net loss of ($5.7M) improved from ($12.0M) in 3Q21.
Adjusted EBITDA loss of ($4.8M) vs ($8.2M) in prior year; $55.2M cash & marketable securities, no debt.
Unveiled AYRO Vanish LSEV; first article production expected in Q1 2023.
Revenue impacted by defective components from former supplier limiting Club Car Current inventory.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Fabric.AI, Inc. reported the quarter ended September 30, 2022 results: revenue approximately $373,000, net income ($5.7) million.

Period: the quarter ended September 30, 2022
Revenue: approximately $373,000
Net income: ($5.7) million
Result: reported results

Exact text from the filing

mobility, and last-mile delivery, announces financial results for the quarter ended September 30, 2022. Recent Financial and Corporate Highlights: ● Revenue of approximately $373,000 ● Net loss of ($5.7) million in 3Q22 vs. net loss of ($12.0) million in 3Q21 ● Adjusted EBITDA loss of ($4.8) million in 3Q22 vs. an Adjusted EBITDA loss of ($8.2) million in

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Source: SEC EDGAR

accession 0001493152-22-030302

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