secwatch.observer — SEC 8-K summary
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Issuer:     Fabric.AI, Inc. (FABC)
CIK:        0001086745
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001493152-23-028687
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086745/000149315223028687/0001493152-23-028687-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086745/000149315223028687/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028687

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