secwatch.observer — SEC 8-K summary
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Issuer:     HWH International Inc. (HWH)
CIK:        0001897245
Form:       8-K/A
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001493152-24-011158
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HWH International reports FY2023 net loss of $1.65M; revenue down 31% YoY; membership business suspended
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- Total revenue $830,519, down 31% YoY from $1.20M; membership revenue plunged to $12,293 from $751,452.
- Net loss widened to $1.65M vs $0.94M; diluted EPS of -$165.44 vs -$94.60.
- Stockholders' equity turned negative at ($969,449) from positive $678,113; cash fell to $878,803.
- Recorded $493,898 impairment of convertible note and investment in associate during 2023.
- Membership business temporarily suspended; F&B revenue grew to $818,226 from $451,438.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1897245/000149315224011158/0001493152-24-011158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1897245/000149315224011158/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-011158

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