---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-028687"
form_type: "8-K"
ticker: "FABC"
cik: "0001086745"
company_name: "Fabric.AI, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T09:58:22.969222+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AYRO reports Q2 2023 net loss of $6.0M; cash at $52M after $22M financing

## Summary
- Net loss of $6.0M in Q2 2023, unchanged YoY; revenue minimal as first-gen LSEV phased out.
- Cash and marketable securities $33M at June 30, plus $22M August financing, total ~$52M.
- Vanish LSEV homologation complete; targeting low-rate initial production this fall.
- Target production capacity of 2,000 vehicles per year from a single shift operation.
- Also advancing Valet and Vapor models with strengthened balance sheet.

## SEC filing metadata
- accession: 0001493152-23-028687
- form_type: 8-K
- ticker: FABC
- cik: 0001086745
- company_name: Fabric.AI, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086745/000149315223028687/0001493152-23-028687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086745/000149315223028687/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-028687
- JSON: https://secwatch.observer/filing/0001493152-23-028687.json
- Plain text: https://secwatch.observer/filing/0001493152-23-028687.txt

## Key facts
- Earnings Releases
  Fabric.AI, Inc. reported financial results for the second quarter ended June 30, 2023.
  - Period: the second quarter ended June 30, 2023
  - Result: reported results
  source text: On August 14, 2023, AYRO, Inc. issued a press release announcing its financial results for the second fiscal quarter ended June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086745/000149315223028687/0001493152-23-028687-index.htm

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