secwatch.observer — SEC 8-K summary
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Issuer:     PetVivo Holdings, Inc. (PETV)
CIK:        0001512922
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001493152-23-022901
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetVivo fiscal 2023 revenue surges 694% to $917K; net loss widens to $8.7M
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- Revenue $917,162 vs $115,586 in FY2022; 69% of sales from MWI Veterinary distribution deal.
- Net loss $8,717,608 ($0.85/share) compared to $5,014,995 ($0.57/share) in prior year.
- Operating expenses $9.1M (up 84%) on higher G&A and sales/marketing for Spryng launch.
- Auditors issued going-concern opinion; working capital deficit $29,700 as of March 31, 2023.
- Post-year-end raised $2.094M net; cash $475K; expects funds to last only through July 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512922/000149315223022901/0001493152-23-022901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512922/000149315223022901/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-022901

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