secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001493152-23-017449
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally Q1 revenue $7.7M, down 25% YoY; net loss $6.1M ($2.22/share)
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- Revenue $7.70M, down 25% from $10.29M; operating loss $6.17M vs $6.80M.
- Net loss $6.11M ($2.22/share) vs $6.60M ($2.59) in Q1 2022.
- Deferred revenue nearly doubled to $8.9M; SG&A down 12% to $7.72M.
- Entertainment segment service revenues fell 48%; healthcare contributed $1.78M.
- Recent: 1-for-20 reverse split in Feb 2023; regained Nasdaq compliance; $3M convertible notes issued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315223017449/0001493152-23-017449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315223017449/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-017449

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