{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-010548","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.513744+00:00","generated_at":"2026-06-17T06:50:21.611834+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Digital Ally reports 2022 net loss of $21.7M, revenue up 73% to $37M","bullets":["Revenue increased 73% to $37.0M; net loss of ($21.7M) vs prior-year net income of $25.5M.","Gross profit fell 59% to $2.3M; cost of sales rose to 94% of revenue from 74%.","TicketSmarter and healthcare acquisitions drove revenue but widened operating loss to $29.7M.","Contract liabilities (deferred revenue) nearly doubled to $8.0M; Nasdaq bid-price compliance regained.","1-for-20 reverse stock split effective Feb 6, 2023; share repurchase program terminated June 30, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-010548","json":"https://secwatch.observer/filing/0001493152-23-010548.json","markdown":"https://secwatch.observer/filing/0001493152-23-010548.md","text":"https://secwatch.observer/filing/0001493152-23-010548.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223010548/0001493152-23-010548-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223010548/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:50:21.611834+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"64345efb4d37768ab578f4ed8e442a7d3166aa62","claim":"KUSTOM ENTERTAINMENT, INC. reported the year ended December 31, 2022 results: revenue $37,009,895.","evidence_excerpt":"the Company’s 1-for-20 reverse stock split, which was effective on February 6, 2023. Highlights for the year ended December 31, 2022 ● Total revenues increased in 2022 to $37,009,895 from $21,413,434 in 2021 an improvement of $15,596,461 (73%). The primary reason for the overall revenue increase is an increase of $13,776,856 (113%), in service revenues from","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223010548/0001493152-23-010548-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$37,009,895"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}