secwatch.observer — SEC 8-K summary
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Issuer:     Viewbix Inc. (QXL)
CIK:        0000797542
Form:       8-K/A
Filed at:   2022-11-28T23:59:59+00:00
Accession:  0001493152-22-033835
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viewbix reports 2021 revenue of $45.2M, net income of $591K; acquired Cortex Media for ~$11M
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- Revenue grew 19% YoY to $45.2M in 2021 from $38.1M in 2020.
- Net income attributable to shareholders fell to $300K in 2021 from $2.3M in 2020.
- Acquired 70% of Cortex Media Group on Oct 13, 2021 for approx. $11M; recorded $9.6M goodwill and $6.3M intangible assets.
- Total assets as of Dec 31, 2021 were $51.3M, up from $23.7M a year earlier, driven by the acquisition.
- Operating income declined to $541K in 2021 from $1.96M in 2020 due to higher traffic-acquisition costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797542/000149315222033835/0001493152-22-033835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797542/000149315222033835/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-033835

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