secwatch.observer — SEC 8-K summary
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Issuer:     PetVivo Holdings, Inc. (PETV)
CIK:        0001512922
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001493152-23-027543
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetVivo reports Q1 net loss of $2.9M, revenue up to $117K; working capital deficit
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- Revenue $117,183 vs $58,174 YoY; net loss $2,893,577 ($0.25 per share) vs $1,965,428 ($0.20) YoY.
- Operating loss $2,893,577; operating expenses $2,928,491, up 49% YoY due to Spryng launch costs.
- Working capital deficit $448,561 as of June 30; prior year audited financials include going concern opinion.
- Raised $2,325,000 net proceeds from two August offerings: $550K convertible notes and $1.775M common stock/warrants.
- Spryng used by over 450 vet clinics in 47 states; board added Spencer Breithaupt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512922/000149315223027543/0001493152-23-027543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512922/000149315223027543/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-027543

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