---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008633"
form_type: "8-K"
ticker: "FABC"
cik: "0001086745"
company_name: "Fabric.AI, Inc."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T17:32:17.312004+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AYRO FY2022 net loss improves to $22.9M; revenue up 11% to $3M; Vanish launch planned for Q3 2023

## Summary
- Net loss of ($22.9M) in FY2022 vs. ($33.1M) in FY2021, a $10.2M improvement.
- Revenue grew 11% YoY to $3.0M; adjusted EBITDA loss improved to ($18.5M) from ($25.0M).
- Cash and marketable securities $48.9M, no debt; cash runway exceeds two years.
- New AYRO Vanish LSEV; initial design patent granted; homologation expected June 2023, production sales in Q3 2023.
- Authorized dealer program launched; over 50 additional dealers in negotiation in North America.

## SEC filing metadata
- accession: 0001493152-23-008633
- form_type: 8-K
- ticker: FABC
- cik: 0001086745
- company_name: Fabric.AI, Inc.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086745/000149315223008633/0001493152-23-008633-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086745/000149315223008633/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008633
- JSON: https://secwatch.observer/filing/0001493152-23-008633.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008633.txt

## Key facts
- Earnings Releases
  Fabric.AI, Inc. reported fiscal year ended December 31, 2022 results: revenue $3.0 million, net income ($22.9) million.
  - Period: fiscal year ended December 31, 2022
  - Revenue: $3.0 million
  - Net income: ($22.9) million
  - Result: reported results
  source text: FY2022 Financial Highlights: ● Revenue grew 11% YOY to $3.0 million in 2022 vs. $2.7 million in 2021 ● Net loss improved to ($22.9) million in 2022 vs. net loss of ($33.1) million in 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086745/000149315223008633/0001493152-23-008633-index.htm

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